Forbes 2023

Dr. Ian Dexter Palmer is a frequent contributor to Forbes.com. Read the articles below:

Bp 2023 Energy Outlook

Originally published on Forbes.com on February 16, 2023

Bp are dialing back, but not giving up, their investment in renewables. This makes sense to capitalize on higher oil and gas prices and sustain energy security during the war on Ukraine.

BP Energy Outlook 2023: War Accelerates Oil And Gas Decline, Instability Pushes Renewables To 60%, Russian Energy Takes A Hit.

bp has just presented its 2023 Energy Outlook. This annual survey, and the data analysis behind it, is highly regarded. Read More

Fracking Fleets Powered By Associated Gas – Results And Significant Savings In The Permian Basin.

Originally published on Forbes.com on January 30, 2023

A natural gas processor mounted on a truck provides a clever way to reduce diesel fuel usage in frac pumps and at the same time lower carbon emissions.

The world can address greenhouse gas (GHG) emissions in different ways. The direct way is by reducing fossil fuel production, which generates 73% of global GHG.

This is the approach in Europe, perhaps because its energy companies do not have the success of a shale revolution to maintain. Europe has several examples of integrating renewables into its future.

In the US, companies have adopted less-direct approaches, including greening operations, cleaning up gas flaring and methane leaks, and carbon capture and storage. Read more.

In West Texas, Water Is Scarce For Fracking

Originally published on Forbes.com on January 26, 2023

In West Texas, Water Is Scarce For Fracking, Expensive For Recycling, Cheap For Disposal Wells, And It Causes M5 Earthquakes.

While West Texas and New Mexico are wrestling with water-related problems, their oil production is booming along with larger magnitude earthquakes.

The Permian basin of West Texas and New Mexico is desert for the most part. The desert is called the Chihuahuan but is not a raw desert like the Sahara, but a desert due to on average 10 inches of rainfall per annum. Sparse, scrubby bushes like creosote and mesquite and a few big trees, like Cottonwoods exist along creekbeds that carry water. Water is scarce in the Permian. But not oil! Read more

Integrating Fossil Interests And Climate Initiatives

Originally published on Forbes.com on January 23, 2023

Integrating Fossil Interests And Climate Initiatives – Big Steps For UAE — A Small Country In A Cradle Of Oil And Gas.

UAE has made significant steps toward greening, and the next chairman of the climate gathering COP28 is from the state-owned oil company ADNOC – expect skirmishes of vested interests. Read more.

A Fresh Reading Of Exxon’s Predictions Of Global Warming And Climate Change From 40 Years Ago.

Originally published on Forbes.com on January 17, 2023

An Exxon study done in 1982 focused on global warming by increasing greenhouse gas (GHG) emissions. Remarkably, thirty-seven years ago Exxon accurately predicted that by 2019, the earth would hit a carbon dioxide concentration of 415 ppm and a temperature increase of almost 1°C (Figure 1). Read more

Occidental Presentation Implies Strong Years Coming For Energy Security

Originally published on Forbes.com on January 12, 2023

Forecast data shows the pendulum is swinging towards energy security and away from climate security.

The pandemic of 2020-2021, the recovery in 2021, and the Russian war on Ukraine in 2022 have destabilized the oil and gas industry tremendously. Out of this chaos, what will 2023 bring? One thoughtful answer has been given by Shauna Noonan of Occidental. The answer is comforting to the industry but distressing to proponents of climate change. Read more.