- Description
- Matt Mushalik (MEAust, CPEng) Sydney
![Fig 22: The peak of the largest producer China determined the Asian peak From the countries in Fig 22 the 3rd and 4th largest oil importers are Thailand and Indonesia […]](https://crudeoilpeak.info/wp-content/uploads/Asia-Pacific-oil-production_BP-1965_2019-115x115.jpg "Peak oil in Asia Update June 2020 (part 3)")
![Continued from part 1 But there is another metric explaining China’s oil consumption growth: debt. The following graph is from an article by the Institute of International Finance in its […]](https://crudeoilpeak.info/wp-content/uploads/China_oil-consumption-debt_2000-18-115x115.jpg "Peak oil in Asia Update June 2020 (part 2)")
![Fig 1: Asian oil consumption is around 5 times higher than production The production decline after the peak in 2015 is very modest. The size of the gap between consumption […]](https://crudeoilpeak.info/wp-content/uploads/Asia_oil_production_consumption_1965-2019_fill_in-2039-115x115.jpg "Peak oil in Asia Update June 2020 (part 1)")
![From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve 22 April 2020 The Australian Government is boosting the nation’s long-term fuel security by […]](https://crudeoilpeak.info/wp-content/uploads/Strategic-Petroleum-Reserve_US-115x115.jpg "Australia outsources its oil reserve problem to the US")
![Fig 1: The conventional crude oil plateau started in 2005 At the end of the high oil price period in June 2014, Virgin Australia had liabilities of $ 4.7 bn. […]](https://crudeoilpeak.info/wp-content/uploads/Virgin-Australia_Profits_2003-1H20-115x115.jpg "How the first phase of peak oil brought Virgin Australia into minus after 2008")
![Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… Fig 1: Empty roads in Wuhan in February 2020 China […]](https://crudeoilpeak.info/wp-content/uploads/Wuhan-20Feb2020-115x115.jpg "Impact of Corona Virus similar to some earlier peak oil scenarios")
![The pervasive climate change denial of various Australian governments and its consequences in the energy sector now take terrible revenge. This article is about an incident on Sat 4th 2020. […]](https://crudeoilpeak.info/wp-content/uploads/Tumut3-Power-station-saved-115x115.jpg "Bush fires cause load shedding in New South Wales – January 2020")
![The world came very close to an escalating war in the Middle East. BBC asked: Iran missile attack: Did Tehran intentionally avoid US casualties? 8/1/2020 Fig 1: Damage to the […]](https://crudeoilpeak.info/wp-content/uploads/Assad-US-air-base-damage-115x115.png "Australia’s oil consumption highly vulnerable to events in the Middle East")
![In part 1 we had a summary table comparing Rystad’s 1P (proven reserves), 2P (proven + probable reserves) and 2PC (2P reserves + mean contingent) for all countries outside the […]](https://crudeoilpeak.info/wp-content/uploads/Oil-consumption_1965-2018-115x115.jpg "Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 2)")
![The world has returned to business as usual after the Saudis assured oil markets that production will be back soon and as oil prices have returned to pre-attack levels and […]](https://crudeoilpeak.info/wp-content/uploads/World_oil_production_ME_top_1965-2018-115x115.jpg "Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 1)")
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