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Tag Archives: crude oil peak
Impact of Corona Virus similar to some earlier peak oil scenarios
Impact of Corona Virus similar to some earlier peak oil scenarios Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… China Car Sales Slump 92% in First Half of February on Virus 21 Feb 2020 https://www.bloomberg.com/news/articles/2020-02-21/china-car-sales-tumble-92-in-first-half-of-february-on-virus That all sounds like peak oil has hit […]
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 1)
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 1) The world has returned to business as usual after the Saudis assured oil markets that production will be back soon and as oil prices have returned to pre-attack levels and even lower, indicating that oil traders focus on […]
The Attacks on Abqaiq and Peak oil in Ghawar
The Attacks on Abqaiq and Peak oil in Ghawar When the late Houston based investment banker Matt Simmons wrote his 2005 book “Twilight in the desert, the coming Saudi oil shock and the World economy” he could not have imagined that Saudi Arabia would be threatened by a pre-dawn drone & missile attack on a […]
2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq
2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq This post is an update of a graph done in 2015: When adding the new data for 2015-2018 it was discovered that the 1980-2014 data had been changed – mainly increased by up to 1.24 mb/d in 2014 as shown […]
Persian Gulf oil export peak after tanker attacks?
Persian Gulf oil export peak after tanker attacks? Tankers holed and burning in the Gulf of Oman are not a good sign for future oil exports from the Persian Gulf. Oil exports from the Persian Gulf have been peaking in the last 3 years 2016-2018 at around 22.3 mb/d. That was before the US sanctions […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Australian Fuel Security Review ignores peak oil in China 2015 (part 2) Coming back to the 2019 Liquid Security Reviewhttps://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review is aware of this, as shown on this map: Note that any […]
Australian Fuel Security Review ignores peak oil in China 2015 (part 1)
Australian Fuel Security Review ignores peak oil in China 2015 (part 1) Just a week before a Federal election was called the Australian Minister for Energy, Markus Taylor, released an interim report on fuel security on 4th April 2019 for public consultation (hereinafter called “Review”). The announcement of the report release was done without great fanfare, […]
NSW power imports in January 2019 heatwave exceed 2 GW, drive up electricity prices
NSW power imports in January 2019 heatwave exceed 2 GW, drive up electricity prices Maximum demand for electricity increased from 9,500 MW on 13 Jan 2019 (16:00) to a whopping 14,000 MW on 17 Jan 2019 (17:30). Downloading the data in XLS format allows us to restack the above graph to show more details on […]
Qatar peak oil
Qatar peak oil Qatar announces it will leave OPEC Qatar to withdraw from OPEC in January 2019 Speaking at a news conference in the capital Doha, al-Kaabi said: “The withdrawal decision reflects Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tonnes per year to […]
European oil consumption after North Sea Peak Oil
European oil consumption after North Sea Peak Oil Hors-d’oeuvre On the streets of Paris: 24 Nov 2018 Fuel price protests on the Champs Elysees https://france-inflation.com/prix-carburants.php 20 Nov 2018: The “gilets jaunes” have a hard time to convince truck drivers to join their movement https://www.francetvinfo.fr/economie/transports/prix-des-carburants/gilets-jaunes-les-routiers-divises_3045615.html They were more successful on the French island of Réunion in […]
Saudi Update October 2018
Saudi Update October 2018 We do not know where the Khashoggi case will go but what is happening in Saudi Arabia is important for the world. Jodi data up to Aug 2018, released 19/10/2018 http://www.jodidb.org Fig 1: Saudi Arabia is crude exporter #1 Note that these are gross exports. The US (which is a net […]
Sydney playing risky and costly metropoly games amid oil price fears (part 1)
Sydney playing risky and costly metropoly games amid oil price fears (part 1) Sydney must be the only city in the world which closes its most modern heavy rail tunnel, 12.5 kms, designed for its ubiquitous double deckers and used by long distance commuters for an unacceptable long period of 7 months, only to be […]
What happened to crude oil production after the first peak in 2005?
What happened to crude oil production after the first peak in 2005? The IEA (in Paris) proudly announced in its latest September 2018 Monthly Oil Market Report that global supplies (of liquids) have reached 100 mb/d in August, an impressive figure. What matters, however, is crude oil production, something the IEA does not show in […]
Peak oil in China and the Asia Pacific (part 2)
Peak oil in China and the Asia Pacific (part 2) South China Sea: ‘Leave immediately and keep far off’ Fig 1: U.S. Navy P-8A Poseidon reconnaissance plane overflying disputed Spratly islands 11/8/2018 https://www.youtube.com/watch?v=dodbqgKn8js https://www.bbc.co.uk/news/av/world-asia-45152525/south-china-sea-leave-immediately-and-keep-far-off Fig 2: Subi reef location in the South China Sea Fig 3: CSIS image of Subi reef low tide elevation (976 […]
Sydney go on your rooftops and save power for 3 million new immigrants
Sydney go on your rooftops and save power for 3 million new immigrants The latest report “Integrated System Plan” of the Australian Energy Market Operator (AEMO) assumes that power consumption on Australia’s East Coast will stay rather flat despite government engineered immigration resulting in a population growth of 1.5% pa. This implies a call on […]
