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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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A research team led by The University of Texas at Austin has been awarded approximately $58 million to analyze methane hydrate deposits under the Gulf of Mexico. Post-cruise analyses will determine the in situ concentrations, the physical properties, the lithology, and the thermodynamic state of methane hydrate bearing sand reservoirs.

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EIA: US importing more crude from Canada, even as total imports falling; 25% of imports in 2011, 28% so far in 2012

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US imports of Canadian crude oil rose to record levels during the first eight months of 2012, with Canada accounting for a growing share of total gross US imports, according to the US Energy Information Administration (EIA). Canada is the largest supplier of foreign oil to the United States, followed by Saudi Arabia, Mexico, and Venezuela.

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Study Finds That Major Hurricanes Produce Seabed Forces as Deep as 90m That Could Threaten Gulf Oil Pipelines

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These forces could snap offshore oil pipelines in the Gulf of Mexico and other hurricane-prone areas, the study suggests. The Gulf of Mexico (GOM) region provides nearly 30% of the United States oil supply and 20% of its natural gas. A hurricane might also create its own spills, the new research indicates.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. Outlook for Energy. Transportation in general.

Energy 252
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GM introducing new generation of modular 3- and 4-cylinder Ecotec engines; 11 variants from 1.0L to 1.5L

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Shenyang, China; Szentgotthárd, Hungary; Toluca, Mexico; and Changwon, South Korea. The high-pressure casting method produces a more dimensionally accurate block that requires fewer machining operations than conventional sand-cast blocks. A die-cast aluminum oil pan contributes additional structural strength.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

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In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

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