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Posts tagged “Shell”

By Robert Rapier on May 2, 2008 with no responses

Oil to $250 a Barrel?

In case you missed it, there were several stories this week – and of particular note coming from OPEC – that suggested that much higher oil prices may be on the way: Oil Price May Go Up to $250, Warn Experts Crude prices continue to baffle analysts and pundits. With the $100-era a well established fact in our daily life, there is now a growing chatter within the energy fraternity that $200 a barrel may not be a far fetched idea altogether. Is another global oil shock now gathering pace? With limited additional supplies, alternative fuel still some decades away and demand far from collapsing, Deutsche Bank is pointing to a “huge risk” that oil prices would continue to rise… Continue»

By Robert Rapier on Mar 26, 2008 with no responses

Biogasoline from Shell

I think the general consensus was that the recent claims of agricultural researcher J.C. Bell don’t appear to be too compelling. However, as I mentioned, the conversion of biomass into oil or gasoline should be technically achievable. And today, Bob Rohatensky sent me a link to a story that would appear to have a little more meat to it than Bell’s claims: Shell and Virent announce collaboration to develop biogasoline Shell and Virent Energy Systems, Inc., (Virent (TM)) of Madison, Wisconsin USA, today announced a joint research and development effort to convert plant sugars directly into gasoline and gasoline blend components, rather than ethanol. The collaboration could herald the availability of new biofuels that can be used at high blend… Continue»

By Robert Rapier on Feb 5, 2008 with no responses

The Intellectual Dishonesty of a "Consumer Watchdog"

I am having an internal debate with myself regarding which aspect Oil Watchdog I find most annoying: Their intellectual dishonesty, their reprehensible tactics, or just their plain old-fashioned stupidity. I can give lots of examples of each, but I really think it’s their dishonesty that bothers me the most. When a “consumer watchdog” stoops repeatedly to dishonesty and distortions to sell their story, it calls into question their true motivation. And when the press picks up these distortions and reports them as news, the credibility of the reporting organizations is damaged (as it should be when they don’t do their homework). We see the tactics of Judy Dugan and her cronies all the time with politicians: One distorts the record… Continue»

By Robert Rapier on Jan 15, 2008 with no responses

Oil Stocks for 2008

CNN is recommending oil stocks for 2008: Oil stocks: Best picks for 2008 They cover the integrated oil companies, the independents, the refiners, natural gas, and oil services. Here is what they said about the majors: Experts generally expect nearly all oil stock sectors to do well in 2008 – although not as well as in 2007. If you think the price of crude is going to go down, investors like Mark Gilman, an oil and gas analyst with the Benchmark Company, say go with the big boys. With their diversification, high dividends and low stock prices compared to revenue, big oil companies that produce, refine and market oil and natural gas like Exxon Mobil (XOM, Fortune 500), BP (BP),… Continue»

By Robert Rapier on Oct 31, 2007 with 1 response

Oil Shale = Cellulosic Ethanol

As a reader pointed out, oil shale is in the news again: Oil shale may finally have its moment In a nutshell, ICP works like this: Shell drills 1,800-foot wells and into them inserts heating rods that raise the temperature of the oil shale to 650 degrees Fahrenheit. To keep the oil from escaping into the ground water, the heater wells are ringed by freeze walls created by coolant piped deep into the ground; this freezes the rock and water on the perimeter of the drill site. Eventually the heat begins to transform the kerogen (the fossil fuel embedded in the shale) into oil and natural gas. After the natural gas is separated, the oil is piped to a refinery… Continue»

By Robert Rapier on Oct 17, 2007 with no responses

Where I Go for Comic Relief

I am going to have to start issuing my own press releases. That’s what our good friends at Oil Watchdog – the oil-hating arm of the FTCR, like to do. They write their own press releases – daily – and use as reference material other press releases they have written. Their sources are frequently “Insider”, who frequently says very silly things. Not the kind of things an actual insider would say. Things like this: “Oil companies have cut back production in refineries to a mere 87 percent of potential and the surplus in storage tanks is drying up fast.” Sounds like someone never heard of fall turnaround season. You know, that time of year – every year – where utilization… Continue»

By Robert Rapier on Sep 24, 2007 with no responses

Energy crisis ‘one hurricane away’

Shell’s president says we are just one bad storm away from high and volatile oil prices. I wonder what he considers high and volatile? Shell president: Energy crisis ‘one hurricane away’ in U.S. “We are one hurricane away from energy scarcity and volatile, high prices,” Hofmeister said a day after crude oil prices topped $80 — a record, unadjusted for inflation. “We are so tight on the demand-supply relationship.” Americans for the past half-century have largely enjoyed a lifestyle based on the availability of cheap, abundant energy, Hofmeister said. As demand for energy has grown — the nation today consumes 10,000 barrels of oil per second, he said — its “energy security” has been compromised, he said. “We have seen… Continue»

By Robert Rapier on Sep 16, 2007 with no responses

Another Peak Lite Endorsement

Hmm. I am going to have to trademark “Peak Lite.” This viewpoint is gathering momentum. First the IEA, then the NPC, now the former chairman of Shell has come out and endorsed this view: Oil industry ‘sleepwalking into crisis’ Lord Oxburgh, the former chairman of Shell, has issued a stark warning that the price of oil could hit $150 per barrel, with oil production peaking within the next 20 years. He accused the industry of having its head “in the sand” about the depletion of supplies, and warned: “We may be sleepwalking into a problem which is actually going to be very serious and it may be too late to do anything about it by the time we are fully… Continue»

By Robert Rapier on Sep 9, 2007 with no responses

Notes from the Energy Tour

I have mentioned here before the town halls being conducted by Shell and ConocoPhillips that are designed to capture the concerns of the American public on energy issues. I think these tours are important, because I believe the public is terribly uninformed on energy matters. These tours open up the opportunity for dialogue, which is a critical component of formulating sound energy policy. Each year my company conducts an opinion survey in which all employees are asked to give their views on the direction of the company. In 2005, I made an argument that we needed to dedicate more resources toward sustainable options, because we want to be an energy company, not an oil company. In 2006, after watching the… Continue»

By Robert Rapier on Nov 16, 2006 with no responses

Who Supplies the Most Biofuel?

I learned something interesting today. If you had asked me who is the world’s largest distributor of bio-fuels, I would have probably guessed ADM. It looks like I might have been wrong. Here is a press release that came across my desk today: Shell and Codexis to Explore Next-Generation Bio-Fuels HOUSTON and REDWOOD CITY, Calif., Nov. 16 /PRNewswire/ — Shell Oil Products US, a subsidiary of Shell Oil Company, and Codexis Inc., a privately held biotechnology company, announced today they would launch a collaboration to explore enhanced methods of converting biomass to bio-fuels. Terms of the agreement were not disclosed. “Shell is committed to leading the development of second-generation bio- fuels that offer lower well-to-wheel CO2 production and enhanced performance,”… Continue»