Qatar announces it will leave OPEC Fig 1: Qatar’s Minister for Energy 4/12/2018 Qatar to withdraw from OPEC in January 2019 Speaking at a news conference in the capital Doha, al-Kaabi said:…
European oil consumption after North Sea Peak Oil
Hors-d’oeuvre On the streets of Paris: 24 Nov 2018 Fuel price protests on the Champs Elysees https://france-inflation.com/prix-carburants.php 20 Nov 2018: The “gilets jaunes” have a hard time to convince truck drivers to…
Saudi Update October 2018
We do not know where the Khashoggi case will go but what is happening in Saudi Arabia is important for the world. Jodi data up to Aug 2018, released 19/10/2018 http://www.jodidb.org Fig…
Sydney playing risky and costly metropoly games amid oil price fears (part 1)
Sydney must be the only city in the world which closes its most modern heavy rail tunnel, 12.5 kms, designed for its ubiquitous double deckers and used by long distance commuters for…
What happened to crude oil production after the first peak in 2005?
The IEA (in Paris) proudly announced in its latest September 2018 Monthly Oil Market Report that global supplies (of liquids) have reached 100 mb/d in August, an impressive figure. What matters, however,…
Iran Update
September 2018 5/9/2018 4 scenarios by RBC Capital Markets (1) Waiting Game Oil price neutral. Iran honors its commitments under the nuclear deal attempting to wait out the Trump administration. Europe provides…
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…
Victoria brown coal power plant lost 1,600 MW over 4 hrs
Who can give a National Energy Guarantee? A better energy future for Australia https://www.energy.gov.au/government-priorities/better-energy-future-australia Something must have happened at a brown coal fired power plant in Victoria, on 2 August 2018 in…
Australia is exporting itself gas poor, plans LNG import terminals
3 complacent governments (Howard, Rudd/Gillard, Abbott) released 3 flawed Energy White Papers (2004, 2012 and 2015) which have promoted and facilitated massive LNG export projects on Australia’s West, North and East Coasts….