Oil Production
The Unintended Consequences of an Oil Boom
The idea of booming oil production sounds great, at least if you put aside environmental issues. For instance, in the current presidential race, one of the candidates has touted the advantages of becoming another Saudi Arabia. But economists seem to delight in telling us why something that sounds terrific will actually come back to bite …
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CONTINUE READINGCalifornia Ocean Science Trust Releases Study Evaluating Alternatives for Decommissioning California’s Offshore Oil and Gas Platforms
Last week, the California Ocean Science Trust released a long-awaited study that synthesizes scientific and legal information to inform policymakers and stakeholders on alternative paths for the decommissioning of California’s offshore oil and gas platforms. 27 of these platforms operate off the coast of California, and eventually all of them will stop producing fossil fuel …
CONTINUE READINGThe Offshore Oil Drilling Debate–Revisited (Again)
Earlier this month, the Sacramento Bee published an interesting point-counterpoint debate over the wisdom of re-commencing offshore oil drilling in the U.S., with a particular focus on California and the West Coast. Arguing in favor of the proposition was U.C. Santa Barbara Professor of Political Science and Environmental Studies Eric R.A.N. Smith, who maintained that …
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CONTINUE READINGGot oil?
According to research compiled by the staff at The Oil Drum, we may have hit peak oil production in 2008. Many experts predicted that peak oil would happen sometime around now, although perhaps not for another decade or so. If this research is correct, then we should expect a corresponding decrease in the supply of …
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