According to statistics published by the WA government in April 2011, WA’s crude oil resources including contingencies are depleted by around 75% at end 2010 up from 63% at end 2006. The…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
“Yes, Prime Minister” peak oil 2006 under your watch
Only weeks after the IEA conceded that crude oil peaked in 2006 we have another indicator for the peaking: The IEA was forced to release oil from the Strategic Reserve because…
Don Quijote and the (n)ever growing air traffic
Still looking for a 2nd Sydney airport? Want to spend millions on consultants? You can have it easier than that. Find out about the latest peak oil ignorant airport project by just…
Save, baby, save – in a hurry
7 years after crude oil production started to peak in 2005, desperate attempts are being made to continue business as usual as the US and the International Energy Agency decided to release…
War overshadows peak oil in Libya
As we read this IEA makes 60 million barrels of oil available to market to offset Libyan disruption 23/6/2011 The IEA estimates that the unrest in Libya had removed 132 mb of…
UK government report in 2009 picked late peak oil scenario – and got it wrong
Summary According to a 2009 report by the Department of Energy & Climate Change the UK Labour government thought their policies on climate change were sufficient to mitigate the impact of peak…
A disunited OPEC can’t control upward trend of oil prices
A meeting of oil ministers in Vienna broke up unexpectedly without an agreement to raise production. OPEC’s president said some members wanted three months to consider the issue. Iran, Venezuela and Algeria…
Iran needs $60 bn from foreign banks to stop 1 mb/d oil production drop by 2015. Anyone interested?
The Iranian Deputy Oil Minister needs $150 bn in the next 5 years to stop rampant decline in maturing oil fields. If current production declines and consumption growth in Iran continue on…
Sudan Nile blend in decline – why we should be concerned
Only months after the referendum on the independence of South Sudan – where most of Sudan’s oil is found – the fight over oil between the North and the South in Abyei…
ASPO: 2020 crude oil production down by around 8 mb/d
If everything goes well, that is. Armed conflicts in oil producing countries, socio economic unrest and other unforeseen events impacting on oil supplies are not included in this estimate. The production curves…