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Asia Archive
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Peak oil in Asia Update June 2020 (part 2)
Posted on July 15, 2020 | No CommentsContinued 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 […] -
Peak oil in Asia Update June 2020 (part 1)
Posted on June 30, 2020 | No CommentsFig 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 […] -
Uncertainties following the Abqaiq attack have shrunk the world’s safe oil reserves by around half (part 2)
Posted on October 24, 2019 | No CommentsIn 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 […] -
Peak oil in Asia: where will the oil come from for the Asian Century?
Posted on September 10, 2019 | No CommentsAsian 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 […] -
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Posted on May 2, 2019 | No CommentsAustralia increased its internal oil dependency & vulnerability Let’s summarize what we covered in part 1 and 2 Australian oil production peaked in the year 2000 while oil consumption is […] -
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Posted on April 30, 2019 | No CommentsComing 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. […] -
Peak oil in the Asia Pacific (part 3)
Posted on August 15, 2018 | No CommentsWe 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 […] -
Peak oil in China and the Asia Pacific (part 2)
Posted on August 12, 2018 | No CommentsSouth China Sea: ‘Leave immediately and keep far off’ Fig 1: U.S. Navy P-8A Poseidon reconnaissance plane overflying disputed Spratly islands 11/8/2018 https://www.youtube.com/watch?v=dodbqgKn8js https://www.bbc.co.uk/news/av/world-asia-45152525/south-china-sea-leave-immediately-and-keep-far-off Fig 2: Subi reef location in […] -
South Korea’s crude oil imports from Iran
Posted on July 10, 2018 | No CommentsUS State Department Special Briefing by the Director of Policy Planning 2/7/2018 MR HOOK: “…..Our focus is on getting as many countries importing Iranian crude down to zero as soon […] -
Peak oil in Asia Pacific (part 1)
Posted on June 18, 2018 | No CommentsThis 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 […]