This is the 3rd article using data from the BP Statistical Review published in June 2015 Fig 1: Western Europe oil consumption, oil prices in $2014 Total oil consumption peaked 3 times…
Asia depends on Middle East for 66 % of its oil imports
This post uses data from the inter area oil movement section of the BP Statistical Review published in June 2015. It is a continuation of an earlier post on Asian oil consumption…
Asia’s oil consumption at record high while production peaked in 2010
The annual BP Statistical Review has come out, as usual in June. In this post we focus on the Asia Pacific region. This is important because the Australian government has offered the…
China’s offshore CNOOC started to peak in 2010
The China National Offshore Oil Corporation (CNOOC) is the largest producer of offshore oil and gas in China. Production statistics should therefore be pretty much indicative of what is happening along China’s…
Explosions cut Sydney – Brisbane rail tracks days after wild storm
In year 10 of peaking oil production and rising tensions in the Middle East, governments should be busy upgrading their rail lines. But look what’s happening here in Australia. Fig 1: Quarry…
Australia’s alternative transport fuel: The East Coast gas-ship has sailed
Introduction: Credit Suisse reported that there is not enough East coast gas for 3 LNG export terminals at Gladstone, Queensland. If that is the case then it is doubtful whether there will…
US enters undulating crude oil production plateau in 2015
This is a post on the EIA Short Term Energy Outlook March 2015 (STEO) The following graph shows total US crude production according to EIA statistics until Feb 2015 and then a…
IEA report: US shale oil growth practically zero in 2017
The International Energy Agency’s Medium Term Oil Market Report 2015 included an interesting graph showing changes in US and Russian oil production for the next 5 years: IEA MTOMR February 2015 Fig…
Free oil! Next stop free oil crunch
Buy 1 barrel of oil for $100, get one barrel free!That makes $50 a barrel. Looks like a sale. Hurry before it ends. Spare a thought for the poor oil industry losing…
NorthConnex road tunnel contract signed only days after US$ 150-200 oil price warnings in Davos
This post is for the record, to be used later in this website’s I-told-you-so menu. $3 billion NorthConnex tunnel contract signed and ground broken Fig 1: From left: NSW Roads Minister Gay,…