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Tag Archives: crude oil peak
Saudi Arabia was supposed to pump almost 14 mb/d in 2018
Saudi Arabia was supposed to pump almost 14 mb/d in 2018 We have to dig a little bit into history to see the context of this remarkable tweet whereby we have to switch between events and later, delayed analysis with the benefit of hindsight. 10 years ago GW Bush visited Saudi Arabia: Fig 2: Sword […]
Peak oil in Asia Pacific (part 1)
Peak oil in Asia Pacific (part 1) This post uses data released by the BP Statistical Review in June 2018 https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html Oil production seems to have left its bumpy 6 year long (2010-2015) plateau of 8.4 mb/d and is now back to 2004 levels of 7.9 mb/d, a decline of 6% over 2 years. Fig […]
Peak oil in Venezuela: El Furrial oil field
Peak oil in Venezuela: El Furrial oil field We see the impact of the conventional oil peak in Venezuela. As an example let’s look at the El-Furrial field. Fig 1: Not La-Hora-Zero (yet) but low voter turn-out for the May 20 Maduro election http://800noticias.com/foto-caracas-desolada-este-domingo-en-pleno-proceso-electoralhttps://twitter.com/eutrafico Location Where is El Furrial? It is located 30 km west […]
Update on Australian oil import vulnerability May 2018
Update on Australian oil import vulnerability May 2018 How well is Australia prepared? The Turnbull government has just started yet another fuel security review. Similar efforts in previous Energy Security Assessments and Senate Inquiries resulted in little action (see earlier articles on this website below). In fact, the government’s latest Budget 2018 contains numerous projects […]
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways On 12/4/2018 a briefing session of the Greater Sydney Commission (GSC) on recently released planning documents https://www.greater.sydney/greater-sydney-region-plan took place in the Parramatta Novotel. According to the GSC establishment Act 2015 No 56 one of 9 principal objectives is: (e) to encourage development that […]
NSW coal power maxed out in hot summer (part 2)
NSW coal power maxed out in hot summer (part 2) Part 2 Eraring, Mt Piper, Vales Pt Introduction: The NSW government is selling Snowy Hydro to the Federal Government, thereby demonstrating beyond doubt that it is abrogating its duty of care to transition the energy supply system away from coal to renewable energies. Malcolm Turnbull […]
Australia’s east coast solar generation is replacing coal by only 2% in late summer
Australia’s east coast solar generation is replacing coal by only 2% in late summer This is an analysis of late summer. Data are taken from Open NEM: http://opennem.org.au/# The graphs in this post are a bit different from those on the above website Fig 1: Generation by fuel: 55% black coal, 19% brown coal, 9% […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
Energy guzzling NSW had to import up to 1,700 MW on 7 Jan 2018
Energy guzzling NSW had to import up to 1,700 MW on 7 Jan 2018 On the first really hot day in 2018 Sydney experienced temperatures above 45 degrees. Fig 1: BOM Temperature map for NSW on 7 Jan 2018 http://www.bom.gov.au/web03/ncc/www/awap/temperature/maxave/daily/colour/history/ns/2018010720180107.hres.gif These were the temperatures in Sydney’s suburbs: Fig 2: Maximum temperatures on 7th January 2018 […]
Impact of oil production decline and low oil prices: Venezuela
Impact of oil production decline and low oil prices: Venezuela Venezuelan X’mas 2017 without petrol https://losbenjamins.com/2017/12/venezuela-sin-gasolina-navidades/ Petrol lines are nothing new in Venezuela. But the problem is getting deeper and deeper: Top Venezuelan refineries are running at 34% of their capacity 17/10/2017 PUNTO FIJO, Venezuela/HOUSTON (Reuters) – Venezuela’s main refining complex, hobbled by a lack […]
Shale gas revolution did not last long for BHP – the Fayetteville story
Shale gas revolution did not last long for BHP – the Fayetteville story http://www.naturalgasintel.com/topics/101-fayetteville-shale We had these headlines a couple of months ago: BHP’s $50 billion shale oil blunder 23/8/2017 BHP slapped $US4.75 billion ($6 billion) down on the table to buy the rights from Chesapeake Energy to around half-a-million acres of prospective shale gas […]
Does the IEA try to hide the conventional crude oil peak in its 2017 World Energy Outlook?
Does the IEA try to hide the conventional crude oil peak in its 2017 World Energy Outlook? In this post we look at crude oil production in the World Energy Outlook released in November 2017 Fig 1: WEO 2017 oil supply Note that the 5 year interval table omits 2005 and 2010. Is this to conceal […]
The Fight for Northern Iraq’s remaining oil
The Fight for Northern Iraq’s remaining oil Fig 1: Iraqi crude exports by SOMO The above graph shows Iraqi crude oil exports by the SOMO oil marketing company. Until March 2014 Kirkuk crude from North Oil Company (Avana and Baba domes and Bai Hassan fields) was flowing through the Iraq-Turkey pipeline (ITP) Kirkuk – Baiji […]
Australia’s east coast gas crisis will be permanent
Australia’s east coast gas crisis will be permanent Australia comes up with yet another grand energy policy in which gas is supposed to deliver dispatchable (peak) power. From the Prime Minister’s website: NATIONAL ENERGY GUARANTEE TO DELIVER AFFORDABLE, RELIABLE ELECTRICITY 17/10/2017 “….delivering more gas for Australians before it’s shipped offshore” Fig 1: Turnbull’s game changer […]
