Using latest monthly EIA and Jodi data. Fig 1: Asian crude production peaked 2010-2015 (where EIA data are not available, the annual BP Stat Review has been used) Asian oil production is…
Tag: South East Asia
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…
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Coming back to the 2019 Liquid Security Review https://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review…
Peak oil in the Asia Pacific (part 3)
We continue to look at the oil supply balances country by country. All oil producers in Asia are now in post-peak oil mode i.e. they are net oil importers. Fig 1: Indonesia…
Peak oil in Asia Pacific (part 1)
This post uses data released by the BP Statistical Review in June 2018 https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html Oil production seems to have left its bumpy 6 year long (2010-2015) plateau of 8.4 mb/d and is…
Peak Oil in Asia (part 1)
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 dominance of…
Peak oil in the South China Sea (part 1)
The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone…
Asia depends on Middle East for 66 % of its oil imports
This post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian oil consumption…
Peak oil and fuel subsidies in Indonesia
At the recent Asia Pacific Economic Cooperation (APEC) summit in Bali the main theme was “Towards Resilience and Growth”. Two years earlier, at the Honolulu APEC summit in 2011 it was agreed to…
South East Asian oil peak in the rear view mirror (part 1)
The title of this post refers to a term first used by the late Matt Simmons (2005 book “The coming Saudi oil shock and the world economy”) Grandiose statements about the “Asian…