ENERGY FORUM
ENERGY
FORUM
Click on an article above to go to that selection.
The Ammonite Energy Forum web page is designed to be a site for what we hope will be a lively exchange of ideas between energy professionals concerning current energy matters. Visitors are encouraged to send us their opinions, editorial comments, and replies to whatever is discussed on these pages, for posting on the Ammonite Energy Forum.
* * * * *
June 30, 2008
How To Curb Oil Prices Now!
Ammonite Managing Partner Skip Hobbs has prepared a comprehensive energy policy report titled "How To Curb Oil Prices Now!" The report contains 12 policy recommendations that will reduce oil prices and enhance domestic energy security if enacted. Cosiderable background information on global oil supply and demand is included. Hobbs said that "as a professional energy specialist and consumer, I had to raise my hand and weigh in on the energy debate." The report has been distributed to legislators in Washington, the White House and the McCain and Obama campaigns. Click here to view the entire text: VIEW
* * * * *
December 1, 2004
ENERGY
FACTS
WINTER
2004-2005
High oil and gas prices impact every aspect of our personal lives and the world’s commerce. Why are commodity prices so high? Are we running out of oil and natural gas? What can we do about it?
The latest petroleum supply and demand data have been gathered from reliable industry and government sources by Ammonite Resources for presentation in a PowerPoint slide show. There are significant remaining oil and gas reserves in North America and the world. However, important policy decisions must be made to access these resources and to efficiently deliver them to consumers. Policies to promote energy conservation and alternate energy resource development are also critical to preserving the standard of living that North Americans take for granted.Please click here to see Ammonite’s presentation. : VIEW
* * * * *
June 11, 2002
EDITOR'S NOTE: As the nation agrues over the pro's and con's of opening up the Arctic National Wildlife Refuge to petroleum exploration, I thought the following article might be of interest. The resource figures keep growing as we learn more about NPR. THe same will happen with ANWR.
ALASKA PETROLEUM RESERVE RESERVE REVISIONS
On May 16, 2002 the U.S. Geological Survey (USGS) released its re-assessment of the undiscovered oil and natural gas resources within the National Petroleum Reserve Alaska (NPRA). The reserve occupies 23 million acres on the western part of the North Slope along Alaska's arctic coast. The Survey's last NPRA assessment was completed in 1980, reporting that the technically recoverable oil on federal lands in the area totaled between 0.3 and 5.4 billion barrels of oil (BBO). In the new assessment, those numbers (which represent the 95% and 5% probability, respectively) jump to 5.9 and 13.2 billion barrels. The newassessment also includes an economic analysis, concluding that between 1.3 and 5.6 BBO are economically recoverable at market prices between $22 and $30 per barrel. The USGS also estimates that there are between 39.1 and 83.2 trillion cubic feet (TCF) of natural gas within NPRA. The economic viability of these resources, however, depends on developingthe capacity to transport them to markets. According to the fact sheet released at the press conference (http://geopubs.wr.usgs.gov/fact-sheet/fs045-02/), the "increase inestimated oil resources is largely the result of the recognition of new plays based on oil accumulations recently discovered just east of NPRA." Included in the assessment is a comparison of the resources available in NPRA (using the 2002 assessment figures) and ANWR (using the 1998assessment figures) that will be of great political interest as Congress begins to craft compromise energy legislation this summer. (Source: American Geological Institute).
* * * * *
NATURAL GAS SUPPLY
On July 26, 2000, Ammonite Managing Partner Skip Hobbs testified before the United States Senate Committee on Energy and Natural Resources. The subject of the hearing was the natural gas supply situation, and access to gas resources on public lands. The details of Skip's testimony and the written text of his testimony follow our commentary on high prices . The speech contains a wealth of useful energy statistics.
