{"id":48673,"date":"2019-09-26T17:24:15","date_gmt":"2019-09-26T22:24:15","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48673"},"modified":"2019-09-26T17:24:17","modified_gmt":"2019-09-26T22:24:17","slug":"peak-oil-in-asia-where-will-the-oil-come-from-for-the-asian-century","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48673","title":{"rendered":"Peak oil in Asia: where will the oil come from for the Asian Century?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/crudeoilpeak.info\/peak-oil-in-asia-where-will-the-oil-come-from-for-the-asian-century\">Peak oil in Asia: where will the oil come from for the Asian Century?<\/a><\/h3>\n\n\n\n<p>Asian oil production peaked above 8 mb\/d for the period between 2008 and 2016 (with spikes in 2010 and 2015). The 2015 peak was mainly caused by peak oil in China. Since then Asia\u2019s decline &nbsp;was almost 800 kb\/d or 9%.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Asia-Pacific-oil-production_BP-1965_2018.jpg\" alt=\"Asia-Pacific-oil-production_BP-1965_2018\" class=\"wp-image-10145\"\/><figcaption>Fig 1: The Asian oil peak lasted 8 years<\/figcaption><\/figure><\/div>\n\n\n\n<p>The rest of Asia peaked already in 2000 (the year Australia peaked) followed by a very modest decline of 1.1% pa. Let\u2019s go through the countries one by one.<\/p>\n\n\n\n<p>In the following, net oil imports are defined as the difference between oil consumption and production. Please see the note at the end of this post.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Indonesia_oil_production_vs_consumption_1965-2018.jpg\" alt=\"Indonesia_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10146\"\/><figcaption>Fig 2: Indonesia is in terminal production decline since the 1990s<\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Australia_oil_production_vs_consumption_1965-2018.jpg\" alt=\"Australia_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10147\"\/><figcaption>Fig 3: Australia\u2019s net oil imports<\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Malaysia_oil_production_vs_consumption_1965-2018.jpg\" alt=\"Malaysia_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10148\"\/><figcaption>Fig 4: Malaysia is a net importer since 2010<\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Vietnam_oil_production_vs_consumption_1965-2018.jpg\" alt=\"Vietnam_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10149\"\/><figcaption>Fig 5: Vietnam\u2019s net imports are increasing fast<\/figcaption><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/Thailand_oil_production_vs_consumption_1965-2018.jpg\" alt=\"Thailand_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10150\"\/><figcaption>Fig 6: Thailand was always a net importer<\/figcaption><\/figure><\/div>\n\n\n\n<p>Thailand\u2019s consumption increases faster than production.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/India_oil_production_vs_consumption_1965-2018.jpg\" alt=\"India_oil_production_vs_consumption_1965-2018\" class=\"wp-image-10151\"\/><figcaption>Fig 7: India\u2019s consumption exceeded 5 mb\/d in 2018<\/figcaption><\/figure><\/div>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peak oil in Asia: where will the oil come from for the Asian Century? Asian oil production peaked above 8 mb\/d for the period between 2008 and 2016 (with spikes in 2010 and 2015). The 2015 peak was mainly caused by peak oil in China. Since then Asia\u2019s decline &nbsp;was almost 800 kb\/d or 9%. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[34,41,6657,130,441,442,1176,617,701,6658,851,1440],"class_list":["post-48673","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-asia","tag-australia","tag-bp-statistical-review","tag-china","tag-iran","tag-iraq","tag-latin-america","tag-peak-oil","tag-saudi-arabia","tag-south-east-asia","tag-venezuela","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48673"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48673\/revisions"}],"predecessor-version":[{"id":48674,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48673\/revisions\/48674"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}