Last updated by at .

The Big Shift in Energy is a Complete Reversal of Fortunes

As we all read the 2012 economic reports last year we collectively thought of the right technical terms---the results sucked!  GDP growth had slowed to 1.5%, unemployment rates remained stubbornly high at 8.2% over average nationwide but the damage to youth, black and Hispanic and those with less than college educations are still horrible.  Clearly we need an economic shot in the arm. How could there possibly be any good news on the horizon? The good news is the big shift in energy is a …Continue Reading »

Tracking Oil & Gas Field Performance with Visual Data Analytics

STEO2012 Non OPEC Crude and Liquids production Growth to 2013

North America’s oil & gas production growth is the envy of the world. From the Alberta oil sands to shale plays across the US, we are getting down to business fueling our economy.  In the first five months of 2012 the US grew domestic oil production by 395,000 barrels per day to 6.2 million barrels per day. (See figure above.) Think about that---395,000 barrels per day growth in production is equal to about 15% of the 2.6 million barrels per day in spare productive global oil …Continue Reading »

Lessons from the Front Lines of Disruptive Innovation

339309_10151305670039295_565292723_o

Tech and Creative Labs (TCLABZ) was born out of the disruptive innovation realization that insight about this energy market volatility could be extracted from the online dynamic interaction of people trying to figure out what is going on, what might happen next, and what if I do “X” instead of “Y”? We believe disruptive innovation technologies help us see new opportunities among the volatility and risk in the world around us.  By helping us play better defense in our volatile world, …Continue Reading »

The Big Shift in Energy is Underway

TCLabz O&G Extraction Analytics Platform

The United States is engaged in a fierce debate over energy strategy, policy and production. Today there is wave after wave of new Federal regulation designed to favor clean energy strategies at the expense of fossil fuels that still provide most of our energy resources.  These rules are being promulgated as a consequence of a Supreme Court Decision in EPA vs Massachusetts which held that EPA does have authority to regulated carbon dioxide emissions under the Clean Air Act even though there is …Continue Reading »

The Dirty Little Secret of Economic Impacts of Federal Rules

“We, the U.S. Fish and Wildlife Service (FWS) and the National Marine Fisheries Service (NMFS) (collectively referred to as the ‘‘Services’’ or ‘‘we’’), propose to revise our regulations pertaining to impact analyses conducted for designations of critical habitat under the Endangered Species Act of 1973, as amended (the Act). These changes are being proposed as directed by the President’s February 28, 2012, memorandum, which directed us to take prompt steps to revise our regulations to provide …Continue Reading »

The Duke Mess

Do you remember when you were a kid and got into trouble with your siblings?  At my house, at least, my Dad would line us up and say ‘I don’t know which one of you caused this mess, but if I use my belt on each of your backsides I’ll know I got the guilty party and the other two will know not to do the same thing your brother did.’ This kind of rough justice swiftly applied worked in my house---and there were no appeals from my Dad’s decision.  You messed up, your behind faced justice. The mess …Continue Reading »

The Revenge of Competitive Markets and the Big Shift in Energy Economics

20120714_src413

The economy, jobs and the debate over the direction of the country dominate 2012 political campaigns.  Nowhere is the political rhetoric fiercer than on energy issues. Today there is wave after wave of new Federal regulation designed to favor clean energy strategies at the expense of fossil fuels that still provide most of our energy resources.  There is broad public support for environmental quality but we see Federal energy industrial policy as hugely expensive, highly disruptive with spotty …Continue Reading »

Too Much of Two Good Things

The Pacific Northwest is experiencing too much of two good things.  The region is blessed with high quality, low cost hydropower generation which serves as the backbone of the power generation system.  Over the past decade, the Colombia River corridor has sprouted a sizable fleet of wind generation. So what’s the problem, you ask? The forces of nature do not always choreograph their energy dance.   Power generation happens in a run of the river system when the winter snow pack begins to melt.  …Continue Reading »

Natural Gas is Cleaner, Cheaper, Easier and Riskier

There is much to like in the growth of natural gas as the marginal fuel of choice for power generation.  Clean, cheap, easier to site, quicker to build, fewer regulatory or environmental hassles----and it cuts emissions 40% compared to coal. A new study by Professor Lawrence M. Cathles, Cornell University, recently published in the journal Geochemistry, Geophysics and Geosystems calls natural gas a transition step to a low-carbon energy future of wind, solar and nuclear energy.  He says …Continue Reading »

Energy Dodged the Dodd Frank Bullet

Energy industry appears to have successfully dodged a big Dodd Frank bullet with the Commodity Futures Trading Commission (CFTC) decision July 10, 2012 by a 4-1 vote defining a “swap” for energy transaction purposes as largely exempting any regulatory driven environmental transactions.  The types of typical transactions exempted includes environmental commodities, power supply peaking supply contracts, tolling agreements and many natural gas supply contracts, as well as environmental …Continue Reading »