“Experts are unanimous that the increase in oil and gas production will play a critical role in the Nigerian economy’s recovery in 2021. Forecasts indicate that oil and gas production will continue to increase rapidly in the next two decades.”“Nigeria’s current power generation is around 5,000 MW, while the ideal capacity would be around 30,000 MW. Nigeria plans to add six new coal plants by 2037. Together with 9 new additions of gas plants, this would provide an … [Read more...]
Middle-East Oil Burn Continues (media blackout on the same)
“Given the receptive nature of the Middle Eastern countries to future oil and gas projects, oil giants from Europe are also planning to increase their investment in the region’s unceasing oil juggernaut.”“The notion that the world is moving away from fossil fuels is incorrect, at least as per the production and consumption numbers of oil, gas, and coal worldwide. The Middle East scenario gives a better picture of where the future of oil is headed.” On Earth Day, President Joe Biden was busy … [Read more...]
Oil and Gas Kindle Hope of Economic Progress in South America
South America has been a major producer of oil and gas, with the fossil fuel sector contributing significantly to economic growth. Its emergence out of poverty will depend not just on production of fossil fuels but also on their use to drive an industrialized economy. Recent developments in the oil and gas sectors indicate that some of the struggling economies might benefit from the production and export of oil and gas. Here is a look at some of those developments in 2021 that offer a glimmer … [Read more...]
Toward a Renewable Chaos: Carbon Imperialism and Disadvantaged Smaller Nations
Net Zero, Climate Action, Build Back Better, and the Great Reset are some of the names for policies aimed at expediting the transition of the global energy sector from fossil fuel to renewable technology. The goal? Saving the planet from climate apocalypse. But there is a huge hurdle to make this transition a reality. Most of the world’s primary energy comes from coal, oil, and gas. Fossil fuels dominate the global energy sector, and there is a reason for that: they are reliable, abundant, … [Read more...]
Fracking’s Safety
Ken Cohen at ExxonMobil has just published an article summarizing some of the basic things we know about the safety of "fracking" (hydraulic fracturing in drilling for oil and natural gas). The gist: It's not a significant source of either air or water pollution, and its record, good from the start, has been improving consistently. There will of course be those who write it off just because Cohen works for, and the article was published by, ExxonMobil. Sigh. Logical fallacies (genetic fallacy, … [Read more...]
