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- Matt Mushalik (MEAust, CPEng) Sydney
![BP Statistical Review: proved reserves not so proven We start with what most people will do, the BP Statistical Review (latest version June 2016). The review’s Excel file contains a […]](http://crudeoilpeak.info/wp-content/uploads/Oil_reserves_function-of-price-115x115.jpg "Oil reserves and resources as function of oil price")
![A miracle happened 1 minute to 12. Two journos asked energy security questions at last week’s National Press Club in which Australia’s Prime Minister Malcolm Turnbull was given a last […]](http://crudeoilpeak.info/wp-content/uploads/Australian_crude_oil_imports_2004_Apr2016_by_country-115x115.jpg "Prime Minister Malcolm Turnbull’s exciting energy security in Australia")
![In this part on the budget 2016 series we have a look at the federal revenue: Fig 32: Time series of federal tax revenue Income tax was growing strongly at […]](http://crudeoilpeak.info/wp-content/uploads/Australian_taxation_revenue_2001-E2017-115x115.jpg "80 % of Australian budget deficit comes from lower company tax revenue after GFC (part 3)")
![We pick up the question from part 1: Fig 11: Homework for governments Let’s have a look where all the net imports into Asia have come from in the past: […]](http://crudeoilpeak.info/wp-content/uploads/Asia_oil_production_consumption_2005-2015_fill_in-2035-115x115.jpg "Peak Oil in Asia and oil import trends (part 2)")
![According to data recently published in BP’s 2016 Statistical Review Asian oil production remained at around 8.3 mb/d for 4 years now. Fig 1: Asian oil production We see the […]](http://crudeoilpeak.info/wp-content/uploads/Asia_oil_production_1965-2015-115x115.jpg "Peak Oil in Asia (part 1)")
![In part 1 we found that Treasury did not really explain why global growth is slower than expected given the oil price drop. We looked at some parameters like employment, […]](http://crudeoilpeak.info/wp-content/uploads/2016/06/Australian_oil_production_vs_exports_2000_2015-115x115.jpg "Australian budget 2016 underestimates role of oil (part 2)")
![Let’s see how the Budget 2016 deals with oil. http://www.budget.gov.au/2016-17/content/ The most important statement on oil in budget paper 1is summarised in the chapter “Economic Outlook” Box 5 Lower oil […]](http://crudeoilpeak.info/wp-content/uploads/2016/05/Australian_petroleum_exploration_expenditure_Dec2010-Dec20151-115x115.jpg "Australian budget 2016 underestimates role of oil part 1")
![Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and […]](http://crudeoilpeak.info/wp-content/uploads/2016/04/ABC_7pm_news_16-1-2016-115x115.jpg "Australian Public Broadcaster ABC unable to look at oil statistics")
![The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel […]](http://crudeoilpeak.info/wp-content/uploads/2016/03/US-crude_production_7regions_rest_2007-Mar2016-115x115.jpg "US shale oil peak in 2015")
![Imagine you are a stressed Sydney motorist and you have finally decided to leave your car at home and take a train to the city. You arrive at a major […]](http://crudeoilpeak.info/wp-content/uploads/2016/03/No_ticket_to_ride_Sydney_Trains-115x115.jpg "No ticket to ride at Sydney train station")
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