Thursday, November 12, 2009

Natural Gas: "The Hubbert's Peak theory of rock n' roll" and "Do these LNG export slowdowns change the balance?"

From the Houston Chronicle:
Rock to Oil chart.jpg Peak music output, 1965. Peak oil production, in 1970. So there's a five-year lag between good music/good production?

The folks at OverThinkingIt are being true to their name by overlaying Rolling Stone Magazine's list of the 500 greatest rock songs of all time with U.S. oil production history.

Their findings: our decline in oil resources matches the decline in good songs.

"Now, if only we could drill for some new reserves of pop music innovation. Perhaps there's a new Motown hit machine waiting somewhere in the Gulf of Mexico, waiting to be unleashed. Let's get drilling."

I wonder what music is driving the expansion of natural gas production from shales?

Here's the story I was actually going for:

Two items in the last day about countries cutting back on liquefied natural gas exports.

First, Egypt says it may cut back its LNG exports because of increased domestic demand.

"According to our understanding, the increase in local demand for energy has placed increasing pressure on production capacity, in light of the rising costs, stipulating either an increase in the costs of production to increase available gas, or to reduce exports," Egypt's Beltone Financial said a research note.

And Algeria says it will no longer export LNG to the U.S....MORE