According to a new forecast by the International Energy Agency (IEA), the United States will overtake Saudi Arabia to become the world’s biggest oil producer before 2020 and will be energy independent 10 years later.
The U.S. is experiencing an oil boom in large part thanks to high world prices and new technologies, including hydraulic fracturing, according to the report, that have made the extraction of oil and gas from shale rock commercially viable.
“The United States, which currently imports around 20% of its total energy needs, becomes all but self sufficient in net terms — a dramatic reversal of the trend seen in most other energy importing countries,” the IEA stated.
Iraq is set to become the second largest oil exporter by the 2030s, as it expands output to take advantage of demand from fast growing Asian economies.
Read the IEA report in the World Energy Outlook HERE.
What are your thought s on this projection? What does this news mean in your part of the world? How will it affect you?
How does a company go about finding oil and pumping it from the ground? You may have seen images of black crude oil gushing out of the ground, or seen an oil well in movies and television shows like “Giant,” “Oklahoma Crude,” “Armageddon” and “Beverly Hillbillies.” But modern oil production is quite different from the way it’s portrayed in the movies.
Give it a read and let us know what you think!
Energy is the most important issue of our time.
The Switch Energy Project began in 2008 when documentary filmmaker Harry Lynch met geologist Dr. Scott Tinker through another film project. The two agreed on the incredible importance of energy awareness and efficiency, and in 2009 set out to make a film that explored our energy future, and made the world of energy fascinating and relevant to the general viewer.
Over the following three years of production and editing, the goals for the project expanded to include the video library, the university and primary education programs, and eventually a TV/web series, all delivered and organized on www.Switchenergyproject.com. Visit the site for videos, movie screenings dates, trailers and an abundance of energy education.
Author: Heather Stanford; Published: Dec 22, 2011; Category: Classroom materials, Classroom presentations, Education outreach, Energy, Energy Education, Energy sources, Engineering Careers, Environment, SPE members; Tags: Children, Classroom Instruction, Education, Energy, Energy4me, natural gas, oil, Petroleum, School, SPE, Student, Volunteer; Comments: Comments Off
The Society of Petroleum Engineers (SPE), Ghana section, is growing and gaining momentum! With a growing membership and an enthusiastic board, they have made the commitment to make a difference in the oil and gas industry while doing something good for their community. The Ghana section will be supporting 10 schools in Accra and 10 schools in Takoradi with energy education materials including energy4me books and kits as well as classroom presentations.
SPE encourages all its members and sections to educate the public about energy and put a face on the industry. Energy is a critical issue worldwide, and SPE believes face-to-face contact is the ideal way to spread the word about energy conservation, the future of the oil and gas industry, and its impact on the planet.
The energy4me books and kits donated to the Ghana section were sponsored by energy4me, SPE’s energy education outreach program, and Colin Black, SPE EIC member and Director, Optima Solutions UK Ltd.
SPE and energy4me would like to thank the Ghana section in their energy outreach initiatives. Together, we can make a difference by sharing the facts about energy with the public and putting a face on the industry.
Keep up the good work!
The picture to the right shows the SPE Ghana board members and British High Commissioner, Mr. Peter Jones.
Author: Heather Stanford; Published: Nov 19, 2011; Category: Classroom materials, Education outreach, Energy, Energy Conservation, Energy Education, Energy sources, Engineering Careers, Environment, Geology, Science, SPE members, Technology, Volunteering; Tags: Careers, Education, Energy, Energy4me, Engineering, Engineering Careers, Geology, natural gas, science, SPE, Teacher, Technology, Volunteer; Comments: Comments Off
The Society of Petroleum Engineers (SPE) Dallas section took local science teachers on a Barnett Shale field trip Thursday, November 18, 2011.
The tour started off at the Ellison Miles Geotechnology Institute (EMGI) where Dallas section members Toni Lott, Brad Robinson, Deborah Hempel-Medina, Brian Chacka, and Patrick Crawford made a presentation covering the history of Oil and Natural Gas, Geology and the History of Barnett Shale, Drilling a well, and Hydraulic Fracturing. Teachers were engaged in the presentations and asked the presenters a lot of questions to get a better understanding of the industry and how they could relay the information to their students in the classroom.
After the overview, everyone was styling in their safety gear as they prepared to go out into the field. Each participant wore steeled toed boots, fire retardant overalls, safety glasses, ear plugs, and hard hats. The teachers were able to visit three sites where they learned firsthand about safety, advance technologies, and rules and regulations all involved in operating each site. The sites teachers visited are listed as follows.
- Williams Company Drilling Site
- Devon Energy Hydraulic Fracturing Site
- Chesapeake Learning Center
After a full day of touring, teachers headed back to the Dallas Convention Center full of knowledge about the industry, their hard hat as a souvenir, and information to take back to their classrooms that included an “Oil and Natural Gas” book.
This workshop was made possible by the Ellison Miles Geotechnology Institute, Society of Petroleum Engineers-Dallas Section, Halliburton Energy Services, Williams Company, Devon Energy Company, Baker-Hughes Oilfield Services and Chesapeake Energy.
Learn more about careers in the industry.