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Australian fuel import bill going sky-high
Australian fuel import bill going sky-high In March 2022 Australia’s petroleum product imports have reached almost AU$ 4 bn per month, an increase of 70% compared to December 2019. Fig 1: Petroleum product imports by volume (black lines) and value (brown line) Fig 2: Australian dollar to US$ exchange rate The Australian Dollar was also […]
Will the world ever reach peak crude production of November 2018 again? (part 1)
Will the world ever reach peak crude production of November 2018 again? (part 1) According to EIA data global crude & condensate production peaked in November 2018 at 84.5 mb/d. The peak was short-lived: 2 months above 83 mb/d plus 3 months above 84 mb/d while the average for the remaining months was 82.2 mb/d. […]
Russian oil production update Nov 2021
Russian oil production update Nov 2021 Pic 1: Druzhba oil pipeline, refineries supplied https://fingfx.thomsonreuters.com/gfx/ce/7/4144/4136/Druzhba%20IEA.pngFig 2: Crude production peaked before Covid at around 10.6 mb/d That this production level would be some kind of limit was known for a long time April 2008 The IEA’s latest medium-term outlook, published in July, points to Russia as the […]
Australian fuel import dependencies Sep 2021 Data
Australian fuel import dependencies Sep 2021 Data Diesel Imports Fig 15: Diesel imports Diesel imports increased from China since 2015 and also from a brand new Chinese refinery in Brunei. See Fig 18. Fig 16: Diesel imports from China have been increasing but were nil in July/Aug 21 Fig 17: Australian diesel imports compared to […]
China peak diesel
China peak diesel Fig 1: Aljazeera video on truck lines October 2021. Shortages could last for months https://www.youtube.com/watch?v=Sy_uiSlgbIA BBC reporting: China rations diesel amid fuel shortages 29/10/21 Petrol stations in many parts of China have begun rationing diesel amid rising costs and falling supplies. Some truck drivers are having to wait entire days to refuel, […]
Australian Green House Gas emissions down in 2020 due to Covid
Australian Green House Gas emissions down in 2020 due to Covid The Australian Prime Minister claimed emissions are down 20% from 2005 levels Prime Minister: “…Australia is part of the solution. Our emissions have fallen by 20 per cent since 2005. We are the only country to our knowledge, that engages in the transparency of reporting […]
Australia’s diesel imports on record high Update June 2021
Australia’s diesel imports on record high Update June 2021 Australia’s monthly diesel imports reached a record of 2,360 ML (495 kb/d) in June 2021. While it is common for imports to vary from month to month there is a long term increasing trend. This is caused by diesel consumption on a continuing growth path while […]
New South Wales’ coal fired power plants operating at close to rated capacity: winter 2021
New South Wales’ coal fired power plants operating at close to rated capacity: winter 2021 This article follows 2 earlier posts on power price spikes in May 2021 (Tomago alu smelter load shedding and Callide C4 explosion) It is easy enough to click on the following link of the National Electricity Market (NEM) to get the percentage […]
BP peak oil (UK decline, asset sales and decommissioning Part 1)
BP peak oil (UK decline, asset sales and decommissioning Part 1) West of the Shetland Islands, the battle against oil decline is over for BP. SPGlobal reports: BP halts production at oldest West of Shetland oil facility Foinaven on asset decline 15 Apr 2021 London — BP has halted production at its oldest West of […]
Exxon Mobil’s refinery closure in Australia: peak oil context
Exxon Mobil’s refinery closure in Australia: peak oil context Exxon Mobil’s Melbourne refinery is closing and will be converted into a fuel import terminal. The Australian public broadcaster has found the right title for its article: Australia loses another oil refinery, leaving our fuel supply vulnerable to regional crises 11/2/2021 https://www.abc.net.au/news/2021-02-11/australia-loses-another-oil-refinery-risking-fuel-supply/13139648 Fig 1: Exxon-Mobil Altona […]
Peak Oil in South & Central America
Peak Oil in South & Central America (1) Pre-Covid ..Fig 1: Oil production and peak years Production peaked 2015 due to Venezuela’s production collapse. Brazil’s production has not yet peaked but is unlikely to offset Venezuela’s decline. All other countries together are on a bumpy production plateau for the last 20 years. Fig 2: Oil […]
ASIA, AUSTRALIA, BP STATISTICAL REVIEW, SOUTH EAST ASIA, VIETNAM
Peak oil in Asia Update June 2020 (part 3) Fig 22: The peak of the largest producer China determined the Asian peak From the countries in Fig 22 the 3rd and 4th largest oil importers are Thailand and Indonesia with approximately 1 mb/d each. Fig 23: Thailand is the 3rd largest net importer in Asia […]
Peak oil in Asia Update June 2020 (part 1)
Peak oil in Asia Update June 2020 (part 1) Fig 1: Asian oil consumption is around 5 times higher than production The production decline after the peak in 2015 is very modest. The size of the gap between consumption and production is mainly determined by consumption growth rather than by production decline. Will the Corona […]
Australia outsources its oil reserve problem to the US
Australia outsources its oil reserve problem to the US From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve The Australian Government is boosting the nation’s long-term fuel security by taking advantage of dramatic falls in global oil prices and building on our historic agreement with the United States […]
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… Fig 1: Empty roads in Wuhan in February 2020 China Car Sales Slump 92% in First Half of February on Virus 21 Feb 2020 […]
