Opinion

Don't hold your breath!

Posted by David Bamford

28-Aug-2017

petromall.org/contact


A couple of weeks ago I decided not to renew, after 2 or 3 years, my subscription to the New Scientist, the weekly magazine with a broad science and technology scope.

Why did I do that? Well, I was dis-enchanted with their Guardian-esque, left-leaning views, the focus on R&D and innovation from academia rather than industry, and I found I was not interested in the rather large proportion of articles on the life/biological sciences.

However…..

Also a week or so ago I heard Al Gore giving forth on the BBC “Today” programme and thought to myself that if he had told me that the New England Patriots had won the 2017 Superbowl I would have to go and check…….even though I know they did, I watched it! Lo and behold, with a completely different logic of course, New Scientist then published a short piece saying Mr Gore was a poor champion of the need for urgent action on climate change, basically because many folk would have had the same reaction to him that I did!

Which leads me to…..

One of Mr Gore's ‘inconvenient truths' is that Renewable Energy is delivering ever more rapidly and will soon dominate. Again, lo and behold, New Scientist published last week an Analysis entitled “The green revolution is stalling”, a few key points of which were:

1, Wind, solar, geothermal and bioenergy supply just 8% of the world's electricity.
2. Looking beyond electricity, Renewables supply only 3% of the world's total energy use.
3. Even if you count in hydro and nuclear, just 14% of our energy isn't from fossil fuels. This figure has changed little over the last 25 years. Coal is far from dead; oil and gas are growing fast.
4. On forward prognoses, we are “centuries away” from a clean energy system.

Of course, the pitch of the Analysis is that governments need to do much more to boost Renewables. But this seems to me to put unfounded Optimism ahead of what the Data is telling us!



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

petromall.org/contact

Renewable EnergyFossil FuelsAl Gore

More items from david


Continuing need for joined-up thinking in the North Sea!

Our 23rd June 2017 Finding Petroleum Decommissioning Forum illustrated how the decommissioning industry in the UK North Sea is moving into a new gear - applying onshore decommissioning experience to offshore projects, improving the information flows, removing obstructions to business transactions (s ...

David Bamford


Posted 2 years agoOpinion > North SeaDecommissioningMarginal Discoveries +1

A sort of AI Quiz!

“Why driverless cars might not hit the road so fast” is an article on LinkedIn by Scott Nyquist who is a Senior Partner at McKinsey & Company: we are both on the Advisory Board at Kimmeridge Energy LLC.   I guess you can only access it if you are registered on LinkedIn but basically he is predicti ...

David Bamford


Posted 2 years agoOpinion > Autonomous Vehicles

Fractured resources, fractured hopes!

Earlier this year I was preparing a Finding Petroleum event on the Middle East (it eventually happened on May 16th) with Kurdistan a strong theme, some context being provided by Gulf Keystone Petroleum's financial restructuring, Genel Energy's  reserves downgrading, and lesser incidents with oth ...

David Bamford


Posted 2 years agoOpinion > KurdistanCarbonateReserves

The Good, the Bad and the Ugly!

During my 20+ years at Beyond Prudence there were several people who helped me think about my career, what I wanted to do, what I wanted to achieve, how to do it. For example, I recall that Peter O'Brien, David Jenkins, Peter Hill, Chris Wright, John Browne, Rodney Chase, David Pritchard were all ve ...

David Bamford


Posted 2 years agoOpinion > PeopleActive Career ManagementCost cutting

New life for the North Sea!

Conventional petroleum provinces in the North Sea range from mature to very mature, and thus it seems that future will be defined in terms of  “marginal discoveries” - the OGA estimates that there are already  ~350 unsanctioned discoveries in the UKCS – and possibly shale oil/gas, with the intriguin ...

David Bamford


Posted 2 years agoOpinion > North SeaMarginal DiscoveriesUK Shale +1
All posts from david