Category Archives: Petroleum–A non-utility aside

Oil Storage

Posted on 2012 Oct 23 by Mark Lively

During the Arab oil embargo of 1973, some people speculated that the US had a strategic petroleum reserve in the form of gasoline sitting in the driveways of most suburban homes.  The speculation was that many people made a point … Continue reading →

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The Oil Spill Commission–Lessons Learned

Posted on 2011 Feb 02 by Mark Lively

A peer reveiw program might be the best way to avert the problems associated with the BP oil spill of April 2010. The nuclear industry put in such a program after Three Mile Island, with dramatically improved metrics. The electric system operators once identified Honor Roll members for those control areas with great ACE metrics. Continue reading →

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The Market Can Handle “Peak Oil”

Posted on 2010 Dec 21 by Mark Lively

There is a new wave of pessimism that we are running out of petroleum, which will lead to doom and gloom. Some have advocated government controls. But they haven’t worked well in the past. However, the market can handle well such shortages. If the government doesn’t constrain the market too much. Continue reading →

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2010 World Energy Outlook by International Energy Agency

Posted on 2010 Dec 04 by Mark Lively

Musings about the Internationa Energy Agency Wolrd Energy Outlook and a claim that petroleum demand is less responsive to prices than it had been and the implications for the subsidies provided by various countries, including Iran. I see political decisions confounding the issue of price responsiveness and subsidies making it more difficult for engineers to operate the electric grid. Continue reading →

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