Home » Posts tagged 'peak oil barrel' (Page 7)

Tag Archives: peak oil barrel

Oil Price And Its Effect On Production

February 25, 2016

Oil Price And Its Effect On Production The JODI Oil World Database came out a few days ago. The data is through December 2015. The JODI C+C production numbers differs somewhat from the EIA numbers. The JODI OPEC numbers are crude. Also there are a few very small producers that do not report to JODI so their […]

Continue Reading →

Bakken December Data, Big Decline

February 18, 2016

Bakken December Data, Big Decline The Bakken and North Dakota tight oil production data is out. Bakken production was down 28,604 barrels per day to 1,096,044 bpd. All North Dakota was down 29,506 bpd to 1,152,280 bpd. This is just the last two years of the chart above. It gives a slightly better look at what is happening. Barrels […]

Continue Reading →

Just How Accurate Are The EIA’s Predictions?

February 14, 2016

Just How Accurate Are The EIA’s Predictions? The EIA recently published the February edition of their Short-Term Energy Outlook. If you follow this month to month, and I do, you will notice their prognostications change a little every month. And over several months those small changes can add up to some rather dramatic changes. Nevertheless, below […]

Continue Reading →

OPEC January Production

February 11, 2016

OPEC January Production The latest OPEC Monthly Oil Market Report is just out. The the data is “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The chats do not include Indonesia. That will be added within the next few months […]

Continue Reading →

Oil Production Is Going To Drop And Oil Prices Are Likely To Increase

February 8, 2016

Oil Production Is Going To Drop And Oil Prices Are Likely To Increase Rystad Energy, an independent oil and gas consulting services and business intelligence data firm in Oslo, Norway, has online, a wealth of information concerning upstream oil production projects and costs. Some of it is a bit dated but some of their charts date […]

Continue Reading →

The IEA’s Oil Production Predictions for 2016

February 4, 2016

The IEA’s Oil Production Predictions for 2016 The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are nevertheless seen sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in […]

Continue Reading →

Collapse Of Shale Gas Production Has Begun

January 31, 2016

Collapse Of Shale Gas Production Has Begun This is a guest post by Steve St. Angelo of SRSroccoReport.Com. All opinions expressed in this post are his and do not necessarily reflect those of Ron Patterson. The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun. This is […]

Continue Reading →

A Closer Look at OPEC

January 24, 2016

A Closer Look at OPEC Taking a closer look at OPEC. All OPEC and price data below is through December. All production data is in thousand barrels per day. Iran and Libya have had serious political disruptions in their production numbers. Simply adding them to the OPEC numbers distorts the picture. To try to figure […]

Continue Reading →

Texas Oil and Gas Production Declining

January 18, 2016

Texas Oil and Gas Production Declining The Texas RRC Oil and Gas Production Data is out. This data is always incomplete. But we can get some idea of what the trend is by comparing it with previous months. This is what I have done in the charts below. If the latest months data is below the previous […]

Continue Reading →

International Rig Counts Still Falling

January 12, 2016

International Rig Counts Still Falling The monthly Baker Hughes International Rig Count came out a few days ago. Baker Hughes international rig counts do not include US, Canada, FSU countries or on shore China. All rig count data here is through December 2015 and includes all rigs, gas, oil and misc. Total international rig count was down […]

Continue Reading →

Confessions of a Doomer

January 10, 2016

Confessions of a Doomer I need to tell you of a very special talent I have. I have the very unusual and rare ability to find, to ferret out if you will, the blatantly obvious. I mean if it is as plain as the nose on your face, I am going to figure it out. What shocks me […]

Continue Reading →

Doubting The Peak

January 1, 2016

Doubting The Peak Dennis Coyne, an editor and frequent contributor to this blog, has suggested that we are not at peak oil. He argues that there is likely to be a dip in production starting next year but higher prices will cause things to turn around and we will surpass the 2015 peak by 2019. […]

Continue Reading →

OPEC’s 2015 World Oil Outlook

December 25, 2015

OPEC’s 2015 World Oil Outlook The OPEC 2015 World Oil Outlook came out a few days ago. They basically produce two outlooks, a medium term outlook to 2020 and a long term outlook to 2040. I found their medium term outlook pessimistic in some cases to optimistic in others. But I found their long term outlook to be […]

Continue Reading →

All Roads Lead To Peak Oil

December 21, 2015

All Roads Lead To Peak Oil I follow the JODI World Oil Database primarily because it is now four months ahead of the EIA international data base. I make some adjustments however. I use the OPEC MOMR “secondary sources” for all OPEC data where JODI also uses the MOMR but uses their “direct communication” data instead. The […]

Continue Reading →

EIA Says Shale Continues to Decline

December 9, 2015

EIA Says Shale Continues to Decline The EIA’s Drilling Productivity Report has US shale oil on a steep decline. The below shale oil production charts are the EIA’s estimate of what shale production will look like through January 2016. Keep in mind this is the EIA’s estimate and not hard production numbers. The big drops here are […]

Continue Reading →