That corruption is associated with oil production is acknowledged to be a worldwide problem.But the scale of corruption in Africa is in a class by itself, particularly in Nigeria. As black Africa’s largest oil producer, OPEC member Nigeria currently exports just over two millions barrels per day (bpd), and for decades this has proven irresistible…
The world is clearly reaching many limits. This graphic below shows how I see man interacting with natural systems, back before man discovered fire and back before man became intelligent enough to kill off whole species.Figure 1. My view of man’s relationship to natural systems, in the beginning.In these earliest days, human systems were a…
On Thursday, May 17th the Financial Times reported that Royal Dutch Shell CEO Peter Voser has said he expects US natural gas prices to double by 2015, but remain under pressure in the short term. Voser made these comments based on the fact that he sees more and more transportation options stemming from NatGas. The…
Clean energy is something everyone is ‘for’. Few people are in favour of dirty energy. But the problem is the definition of what is clean depends upon who you ask. We will say we are in favour of clean renewable energy, when polled, until a wind producer tries to site a wind turbine near us,…
The first thing I noticed when Paul walked in was the few extra pounds and silvery tinge to his hair he acquired since I saw him last. He's clearly spending too much time behind a computer writing those acidic columns for the New York Times. We're all short dated options in the end, I thought.We…
One fact ought to tell you all you need to know about the risks faced by homeowners signing leases for natural gas drilling on their property: Wells Fargo & Company, both the largest home mortgage lender in the United States and a major lender to the country's second largest producer of natural gas, Chesapeake Energy…