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Peak oil in Latin America
Peak oil in Latin America This post is using mainly BP’s Statistical Review published in June 2017. Although these statistics put Mexico under North America, it is included here and added to South and Central America’s data at the end of this article. We start with 2 big oil suppliers: Brazil and Venezuela. Fig 1: […]
Australia’s oil stock coverage on record low
Australia’s oil stock coverage on record low In prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by “record oil inventories around the world” http://www.abc.net.au/news/business/kohler-report/ Well, let’s go around the world on a map and stay […]
Australia’s oil stock coverage on record low
Australia’s oil stock coverage on record low In prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by “record oil inventories around the world” http://www.abc.net.au/news/business/kohler-report/ Well, let’s go around the world on a map and stay […]
South Korea’s oil trade under threat
South Korea’s oil trade under threat In 2010 the China Sign Post blog published an article entitled “Playing with fire. Potential impact of a North Korean threat to South Korean oil refineries”, showing following map: Fig 1: Range of North Korea’s missiles in 2010 http://www.chinasignpost.com/wp-content/uploads/2010/11/China_Signpost_8_North-Korea-Refinery-Threat_2010-11-29.pdf The article ranked the vulnerability of South Korean and Japanese […]
Australia more vulnerable than ever to fuel import disruptions
Australia more vulnerable than ever to fuel import disruptions This is because after the closure of 3 oil refineries in Sydney and Brisbane fuel imports have skyrocketed and these additional imports come from and pass through an area where there are high tensions now: the South China Sea and Korea. Fig 1: USS Carl Vinson […]
Howard’s energy superpower stuck in domestic gas shortages
Howard’s energy superpower stuck in domestic gas shortages On hot days the truth comes out. Critical power plants for peak demand run on gas and that was short in supply, not only in South Australia, but also in NSW, as was shown in this previous post. Fig 1: Gas shortage contributed to multiple systems failure […]
OPEC’s 2017 production cuts: a confusing numbers game (part 1)
OPEC’s 2017 production cuts: a confusing numbers game (part 1) What the agreement said Fig 1: Production table from OPEC’s press release referred to as “agreement table” “1. In the fulfilment of the implementation of the Algiers Accord, 171st Ministerial Conference has decided to reduce its production by around 1.2 mb/d to bring its ceiling to […]
China’s oil peak 45 years after the US peak
China’s oil peak 45 years after the US peak Fig 1: Oil crisis in China like in 2005? No. By order: Free roads for G20 in Hangzhou https://www.theguardian.com/world/2016/aug/31/china-hangzhou-propaganda-facelift-g20-summit Strategically published only days before the G20 summit the Wall Street Journal had an article on peak oil in China: China’s Decline in Oil Production Echoes Globally […]
Peak Oil in Asia and oil import trends (part 2)
Peak Oil in Asia and oil import trends (part 2) We pick up the question from part 1: Fig 11: Homework for governments Let’s have a look where all the net imports into Asia have come from in the past: Fig 12: Asia net imports – overview BP’s data on inter area oil movements start […]
Australian Public Broadcaster ABC unable to look at oil statistics
Australian Public Broadcaster ABC unable to look at oil statistics Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and has ultimately damaging economic and financial consequences. (1) “US shale producers pump like never before” Just in […]
US shale oil peak in 2015
US shale oil peak in 2015 The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from […]
Peak oil in the South China Sea (part 1)
Peak oil in the South China Sea (part 1) The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone claimed by China around Woody Island and the overlapping 108 nm range of the HQ-9 SAM […]
World outside US and Canada doesn’t produce more crude oil than in 2005
World outside US and Canada doesn’t produce more crude oil than in 2005 After a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs http://crudeoilpeak.info/latest-graphs Fig 1: World’s incremental crude oil production How Fig 1 is created: for […]
No glut in Australian petroleum inventories
No glut in Australian petroleum inventories The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies to Australia, especially after a year of political football games between a Senate committee and energy bureaucrats on one […]
Where actually is that much-hyped global oil glut?
Where actually is that much-hyped global oil glut? The media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil glut stands at 3bn barrels 13/11/2015 http://www.bbc.com/news/business-34808487 It was parroted by the Australian public broadcaster ABC TV, […]
