Tag: Fuel

The Fuel Shortage That Is and Is Not

 

Colonial Pipeline InfoColonial Pipeline announced Wednesday, May 12, that they had initiated pipeline restart and that complete service restoration over their entire pipeline network would take several days. This signals the near-term end to the regional fuel distribution disruption triggered May 7, when a ransomware attack was detected and the corporation shut down their multi-fuel pipeline system. However, there will continue to be gas stations with empty storage tanks for the next several days, perhaps for the next week. And. There is no fuel shortage at the system/regional level. There is a real shortage and there is no shortage. Both are true. I explain.

Background

While unstated, Colonial acted to prevent potential catastrophic sabotage, in the form of massive breaks in the pipeline or damage to pump systems along the pipeline. They had dealt last summer with a gasoline spill in Huntersville, NC. Colonial did exactly the right thing.

Unexpected Gift on the Ides of March?

 

What unexpected gifts could we celebrate on the Ides of March? The day is best known for the assassination of Julius Caesar in the Roman Senate by other Roman leaders. One of the leaders, Brutus, commemorated the assassination two years later with a coin remembering the Ides of March with two daggers and a common cap, a pileus.

The cap had become associated with the emancipation of slaves. It is still featured in some images of Lady Liberty. So, we could celebrate the unexpected gift of liberty, liberty won by literally striking down the tyrant. However, none of the conspirators covered themselves in glory as republican heroes, let along Heroes of the Roman Republic.

We cannot blame them, really. After all, the Roman Republic had bled out long before the blood of Caesar flowed over its ground. The Republic had committed slow suicide by a thousand self-cuts. Its institutions had become so corrupt and dysfunctional that they invited Julius Caesar to be dictator for life. In the years following his assassination, there was no uprising to restore the Republic. The Senate was contemptuous and contemptible in its corruption. The Roman people ended up being best served by the first emperor, Caesar Augustus, the adopted son and legal heir of Julius Caesar.

Why the US Will Become the “Undisputed Global Oil and Gas leader for Decades”

 

This new analysis and forecast from the Energy Information Agency, reflected in the above chart, is amazing:

A remarkable ability to unlock new resources cost-effectively pushes combined United States oil and gas output to a level 50% higher than any other country has ever managed; already a net exporter of gas, the US becomes a net exporter of oil in the late 2020s. In our projections, the 8 mb/d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets. A 630 bcm increase in US shale gas production over the 15 years from 2008 would comfortably exceed the previous record for gas.