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…
Category: Asia
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Australia 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 going up…
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 China and the Asia Pacific (part 2)
South 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 the South…
South Korea’s crude oil imports from Iran
US 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 as possible”…
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…
Australian fuel imports from Asia are going sky high while non-compliance with IEA stock requirements continues (part 1)
From time to time the media takes some interest: Low emergency oil reserves ‘now pose a danger to security’ 16/2/2018 Australia’s failure to meet emergency oil reserves now posed a national security…
Former Prime Minister Howard assumes US shale oil will provide for China’s oil demand growth
At this event at the Australian Institute for Asian Affairs 31/10/2017 Australia in Today’s World – some observations from former PM John Howard https://www.internationalaffairs.org.au/news-item/australia-todays-world/ John Howard was happy to report that Chinese…
Almost half of Australia’s petrol, diesel and jet fuel imports come from South Korea and Japan
As the world wonders what comes next in the North Korean missile crisis we need to have a look what a military confrontation would mean for Australia. This article from the Sydney…