Saudi Arabia’s crude oil production will not increase beyond an average level of 8.7 mb/d (average last 20 years: 8.3 mb/d) until 2015. This is what OPEC Governor Majed al Moneef said…
Category: Global
IMF warns of oil scarcity and a 60% oil price increase within a year
In a benchmark scenario of its latest World Economic Outlook (April 2011) the International Monetary Fund (IMF) analyses what it calls oil scarcity (after “energy security” another code word for peak oil?)…
2010 vs. 2005: Pay 40% more for the same amount of crude oil
The EIA crude oil data for December 2010 have come out, giving us the total for 2010 which was practically on the same level as 2005, but the world paid US $80/barrel…
Japanese meltdown highlights energy dilemma as peak oil enters hot phase
In a frightening coincidence Fukushima reactors face – in the best case scenario – years of decommissioning while Saudi troops enter Bahrain, marking the start of fights between Shia and Sunni over…
WikiLeaks cable from Riyadh implied Saudis could pump only 9.8 mb/d in 2011
Can Saudi Arabia step in to replace oil production lost in Libya? When the Guardian published Wiki leaks cables from the US embassy in Riyadh in early February 2011 it sparked a…
What if unrest in North Africa, ME impacts on oil exports?
It is only a matter of time until the unrest in North Africa and the Middle East impacts on oil supplies as it did in the last years of the Shah regime…
Sydney’s suburban grid too weak for growth
There was a very dirty power cut in one of Sydney’s suburbs due to overload of the grid during a hot summer evening around 8:25 pm when all air-conditioners were running on…
2 oil exporters win soccer games for 2018 and 2022
At the time of the world cup soccer games in 2018 and 2022 the world will be in an oil and general energy crisis the magnitude of which will not allow us…
Fly, but leave your car at home
Under the new policies scenario in the IEA’s World Energy Outlook 2010, chapter 3 contains a graph showing aviation oil consumption going up from a current 4.95 mb/d to 7.75 mb/d in…
Sydney builds huge sustainable basement car park in Darling Harbour prone to flooding by sea level rise
The string of peak oil and global warming ignorant decisions of the NSW government shortly before elections in March 2011 is endless. On the same day the IEA released its WEO 2010…