The pervasive climate change denial of various Australian governments and its consequences in the energy sector now take terrible revenge. This article is about an incident on Sat 4th 2020. A Saturday…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
Australia’s oil consumption highly vulnerable to events in the Middle East
The world came very close to an escalating war in the Middle East. BBC asked: Iran missile attack: Did Tehran intentionally avoid US casualties? 8/1/2020 Fig 1: Damage to the US air…
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 2)
In part 1 we had a summary table comparing Rystad’s 1P (proven reserves), 2P (proven + probable reserves) and 2PC (2P reserves + mean contingent) for all countries outside the Middle East….
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 1)
The world has returned to business as usual after the Saudis assured oil markets that production will be back soon and as oil prices have returned to pre-attack levels and even lower,…
The Attacks on Abqaiq and Peak oil in Ghawar
Fig 1: The attackers hit at Fajr prayer time https://www.youtube.com/watch?v=sw_IwRPUZOQ When the late Houston based investment banker Matt Simmons wrote his 2005 book “Twilight in the desert, the coming Saudi oil shock…
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…
2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq
This post is an update of a graph done in 2015: Fig 1: Conventional oil production on bumpy plateau 2005-2014 In http://crudeoilpeak.info/latest-graphs When adding the new data for 2015-2018 it was discovered…
Persian Gulf oil export peak after tanker attacks?
Tankers holed and burning in the Gulf of Oman are not a good sign for future oil exports from the Persian Gulf. Fig 1: Norway’s Front Altair burning with 75,000 tons of…
World crude production outside US and Iraq is flat since 2005
In the year 2005, the global crude production curve shows a definitive kink, going horizontal for several years. This caused the 2008 oil price shock and the following financial crisis which permanently…
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Australia increased its internal oil dependency & vulnerability Let’s summarize what we covered in part 1 and 2 Australian oil production peaked in the year 2000 while oil consumption is going up…