This is an analysis of late summer. Data are taken from Open NEM: http://opennem.org.au/# The graphs in this post are a bit different from those on the above website Fig 1: Generation…
Will Australia have a strategic oil reserve before it is too late? (part 2)
In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains…
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…
Energy guzzling NSW had to import up to 1,700 MW on 7 Jan 2018
On the first really hot day in 2018 Sydney experienced temperatures above 45 degrees. Fig 1: BOM Temperature map for NSW on 7 Jan 2018 http://www.bom.gov.au/web03/ncc/www/awap/temperature/maxave/daily/colour/history/ns/2018010720180107.hres.gif These were the temperatures in Sydney’s…
Impact of oil production decline and low oil prices: Venezuela
Venezuelan X’mas 2017 without petrol https://losbenjamins.com/2017/12/venezuela-sin-gasolina-navidades/ Petrol lines are nothing new in Venezuela. But the problem is getting deeper and deeper: Top Venezuelan refineries are running at 34% of their capacity 17/10/2017…
Shale gas revolution did not last long for BHP – the Fayetteville story
http://www.naturalgasintel.com/topics/101-fayetteville-shale We had these headlines a couple of months ago: BHP’s $50 billion shale oil blunder 23/8/2017 BHP slapped $US4.75 billion ($6 billion) down on the table to buy the rights from…
Does the IEA try to hide the conventional crude oil peak in its 2017 World Energy Outlook?
In this post we look at crude oil production in the World Energy Outlook released in November 2017 Fig 1: WEO 2017 oil supply Note that the 5 year interval table omits 2005…
The Fight for Northern Iraq’s remaining oil
Fig 1: Iraqi crude exports by SOMO The above graph shows Iraqi crude oil exports by the SOMO oil marketing company. Until March 2014 Kirkuk crude from North Oil Company (Avana and…
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…
Howard’s Energy Policy Failure 2004
This article is about a paper I handed over to former Prime Minister Howard during a seminar at the Australian Institute of International Affairs on 31/10/2017 Australia in Today’s World – some…