The Energy Spectator

The Energy Spectator

How Will a Nuke Deal Affect the Price of Oil?

By 4.1.15

Many complicated factors contribute to the global price of a barrel of oil, but two of the leading components are supply and risk—and both have the potential to escalate in the days ahead. The current region-wide sectarian war could easily bump oil prices up dramatically. And, the expected nuclear deal with Iran could drop them—dramatically.

Oil price predictions today play like a game of roulette, or a carnival barker of days gone by, round and round it goes, where she stops, nobody knows.

A few weeks ago, addressing the need to open up access to mid-Atlantic oil resources, I wrote:

The Energy Spectator

BULLETIN: U.S. Navy Invents Perpetual Motion Machine

By 4.15.14

You have to wonder how these things get started. Or maybe you don’t. The world is always filled with fantasies and wishful thinking. Newspapers and the Internet just make them circulate a little faster.

On April 7, the U.S. Naval Research Laboratory (NRL), Materials Science and Technology Division put out a press release announcing it has developed an efficient way of synthesizing a jet fuel using carbon dioxide and hydrogen. There is nothing novel about this. You can synthesize just about any hydrocarbon from CO2 and hydrogen given enough energy and the right catalysts. What was unusual about the Navy’s development is that the process is compact and efficient enough to be done on board a ship. The hydrogen would be extracted through standard electrolysis from seawater. The carbon dioxide would come from the air. As the press release described it:

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