Weekly Climate and Energy News Roundup #379

The Week That Was: October 5, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week – “Man, once surrendering his reason, has no remaining guard against absurdities the most monstrous, and like a ship without rudder, is the sport of every wind. With such persons, gullibility, which they call faith, takes the helm from the hand of reason and the mind becomes a wreck.” —Thomas Jefferson (1822)

Number of the Week: Almost 64%


 

Contradiction in Studies: The latest report of the UN Intergovernmental Panel on Climate Changes, The Ocean and Cryosphere in a Changing Climate, contains many dire warnings of alarming sea level rise from oceans warming much faster than “previously thought” and Polar Ice melting much faster than “previously thought.” Of course, who “previously thought” what is not clear, though the word previously surely refers to a time when the “science was settled.”

In the approved Summary for Policymakers of the IPCC study are numerous graphs showing dire sea level rise of almost 5.5 meters (18 feet) by 2300 – 280 years from now.

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The Coming Middle East Oil Crisis: The Collapse Of Net Oil Exports

By SRSrocco – Re-Blogged From Silver Phoenix

The Middle East is heading for a crisis in its oil industry.  Unfortunately, the market doesn’t realize there is any danger on the horizon because it mainly focuses on how much oil the Middle East is producing rather than its exports.  You see, it doesn’t really matter how much oil a country produces but rather the amount of its net oil exports.

A perfect example of this is Mexico.  As I mentioned in a recent article, NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer, Mexico is now a net importer of oil for the first time in more than 50 years.  Furthermore, the IEA – International Energy Agency, published in their newest OMR Report that Mexico is forecasted to lose another 170,000 barrels per day of oil production in 2019.  Thus, this is terrible news for the United States southern neighbor as it will have to import even more oil to satisfy its domestic consumption.

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America is Set to Surpass Saudi Arabia in a ‘Remarkable’ Oil Milestone

By Matt Egan – Re-Blogged From CNN Business

Move over, Saudi Arabia. America is about to steal the kingdom’s energy exporting crown.

The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy.
That milestone, driven by the transformative shale boom, would make the United States the world’s leading exporter of oil and liquids. That has never happened since Saudi Arabia began selling oil overseas in the 1950s, Rystad said in a report Thursday.
“It’s nothing short of remarkable,” said Ryan Fitzmaurice, energy strategist at Rabobank. “Ten years ago, no one thought it could happen.”

American Energy Boom

By Michael Bastasch – Re-Blogged From WUWT

President Donald Trump touted booming American energy production and exports during his State of the Union Address Tuesday night to thunderous applause, but not from Democrats.

“We have unleashed a revolution in American Energy – the United States is now the number one producer of oil and natural gas in the world,” Trump said. “And now, for the first time in 65 years, we are a net exporter of energy.”

Republicans stood up and cheered the news, while Democrats stayed in their seats. However, Democratic West Virginia Sen. Joe Manchin applauded Trump’s touting of booming American energy production.

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U.S. Set To Pump More Oil Than Russia And Saudis Combined

In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025.

In Rystad Energy’s base case oil price scenario, US liquids production is forecast to surpass 24 million barrels per day over the next six years, thereby outpacing the combined output from Russia and Saudi Arabia.

oil rigs

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Saudi Aramco CEO: “Not Losing Any Sleep Over ‘Peak Oil Demandʼ

By David Middleton – Re-Blogged From WUWT

If Alexandria Occasional Cortex and the rest of the Green New Deal nitwits only had the mental capacity to understand Amin H. Nasser’s 2018 CERA presentation…

“Lifting the hood on the real future facing the petroleum industry”

Remarks by Amin H. Nasser, Saudi Aramco President & CEO

Good morning Ladies and Gentlemen, and thank you Dan [Yergin] for that kind introduction.

Like all CEOs, I receive many invitations to address conferences.

Naturally, the first thing I ask is: “How will this help Saudi Aramco?”

The second is: “How will this help our industry?”

And the third is: “Will Dan Yergin be involved?!”

So CERA Week in Houston really hits the trifecta!!!

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Weekly Climate and Energy News Roundup #341

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Quote of the Week: “On what principle is it that with nothing but improvement behind us, we are to expect nothing but deterioration before us?” – Lord Macaulay, [H/t Matt Ridley]

Number of the Week: Up to a 50% increase in efficiency?On to Chile: Some seem to be disappointed with the outcome of the 24th Conference of Parties (COP-24) of the United Nations Framework Convention on Climate Change (UNFCCC) in Katowice, Poland, in a coal mining district. Rather than adopting hard, fast rules for the implementation of the Paris Agreement, the delegates adopted vague generalities and promised to do more. Reading through the “bureaucratic speak,” of the concluding remarks by the UN Secretary General, António Guterres, read by Patricia Espinosa, Executive Secretary of the UNFCCC, the stated goals were not accomplished. The Secretary General wrote:

“I’d first like to thank the Presidency of the COP for the enormous efforts it deployed to organize this 24th session in Katowice, Poland.

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