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United States Archive
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South Korea’s oil trade under threat
Posted on April 29, 2017 | No CommentsIn 2010 the China Sign Post blog published an article entitled “Playing with fire. Potential impact of a North Korean threat to South Korean oil refineries”, showing following map: Fig […] -
U.S. Storage Filling Up with Unaccounted-For Oil
Posted on October 7, 2016 | No CommentsThis is a joint post with Art Berman, a geological consultant based in Houston, Texas, and may be seen also on his website http://www.artberman.com/ U.S. crude oil storage is filling up […] -
Australian public broadcaster a true believer in US shale oil supremacy
Posted on September 27, 2016 | No CommentsIn yesterday’s 7 pm news ABC TV business presenter Alan Kohler got carried away with the news that the US drilling rig count increased by 2 rigs in the last […] -
China’s oil peak 45 years after the US peak
Posted on September 5, 2016 | No CommentsFig 1: Oil crisis in China like in 2005? No. By order: Free roads for G20 in Hangzhou https://www.theguardian.com/world/2016/aug/31/china-hangzhou-propaganda-facelift-g20-summit Strategically published only days before the G20 summit the Wall Street […] -
US shale oil peak in 2015
Posted on March 30, 2016 | No CommentsThe recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel […] -
World outside US and Canada doesn’t produce more crude oil than in 2005
Posted on February 14, 2016 | No CommentsAfter a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs […] -
The myth of US self-sufficiency in crude oil
Posted on January 21, 2016 | No CommentsGoogle for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, […] -
Where actually is that much-hyped global oil glut?
Posted on December 29, 2015 | No CommentsThe media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil […] -
IEA: US$ 40 oil means 3 mb/d less tight oil by 2020
Posted on November 16, 2015 | No CommentsYou want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US […] -
US shale oil too expensive, peaks 1H 2015
Posted on September 30, 2015 | No CommentsAccording to EIA data, monthly US crude oil production peaked in April 2015 at 9.6 mb/d. Fig 1: US crude oil production to June 2015 http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm The above graph shows […]