28-29 November Fig 10: Temperatures in Sydney (8) More Lack-of-reserve warnings Fig 11: timeline of AEMO’s notices The table shows the sequence of LOR notices for 28-29 Nov 2020 and their final…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
NSW power supply problems November 2020 (part 1)
The summer hasn’t even started yet and the first lack-of-reserve and outage notices have appeared. 16 November 2020 (1) Line Outage Upper Tumut- Stockdill AEMO market notice 80022 16/11/2020 01:39:08 PM “An…
Australia’s BP Kwinana refinery closure: peak oil context
Fig 1: BP is in peak oil mode BP shuts down Kwinana refinery with 600 jobs expected to go, Commonwealth says no impact on fuel security 30 Oct 2020 Fig 2: Kwinana…
Peak oil in Asia Update June 2020 (part 4)
In the previous posts we have shown that the peak oil problem in Asia is mainly a problem of skyrocketing consumption at an additional 1 mb/d (2.8%) each year. Whereas in Europe…
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…
Peak oil in Asia Update June 2020 (part 2)
Continued from part 1 But there is another metric explaining China’s oil consumption growth: debt. The following graph is from an article by the Institute of International Finance in its weekly insight…
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…
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 22 April 2020 The Australian Government is boosting the nation’s long-term fuel security by taking advantage…
How the first phase of peak oil brought Virgin Australia into minus after 2008
Fig 1: The conventional crude oil plateau started in 2005 At the end of the high oil price period in June 2014, Virgin Australia had liabilities of $ 4.7 bn. Despite lower…
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…