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Tag Archives: Petroleum
Oil Storage
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
Posted in Petroleum--A non-utility aside
Tagged Adam Sieminski, EIA, Elasticity, Gasoline, Petroleum, Pricing, Storage, Strategic Petroleum Reserve
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The Oil Spill Commission–Lessons Learned
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
Posted in Petroleum--A non-utility aside
Tagged BP, Electricity, Metrics, NERC, Nuclear Power, Oil Spill Commission, Peer Review, Petroleum
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2010 World Energy Outlook by International Energy Agency
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