Fuel subsidies in oil producing countries are a big problem not only because they are a burden for budgets but also because they result in an inefficient oil supply environment. This problem…
Category: Global
System dynamics peak oil, financial and CO2 debt, ME geopolitics
(A) Why is the timeline for an orderly transition just 10 years? Oil: We have missed implementation windows for peak oil mitigation long ago: In Australia: “Yes, Prime Minister”, peak oil 2006…
Net crude oil exports – the shrinking commodity
Total crude oil exports peaked at 44.4 mb/d in 2005 and declined by 3.1 mb/d to 41.3 mb/d in 2009, double the rate at which crude production declined during the same period…
A glimpse into the era of fuel shortages
Last week’s fuel shortages in Malawi give us a glimpse into the future of what will happen when these shortages arrive at our own filling stations. While there are many speculations on…
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…
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…
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…
IEA oil crunch warning: governments should have worked on it 10 years ago
http://www.abc.net.au/catalyst/oilcrunch/ http://www.youtube.com/watch?v=RaNz3qS5WAo This is a short summary of the essential statements. The International Energy Agency’s chief economist Fatih Birol “When we look at the oil markets the news is not…