From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve 22 April 2020 The Australian Government is boosting the nation’s long-term fuel security by taking advantage…
Tag: US shale oil
Impact of Corona Virus similar to some earlier peak oil scenarios
Empty roads, grounded aircraft, falling tourist and international student numbers, plunging car sales, empty super market shelves, disrupted supply chains… Fig 1: Empty roads in Wuhan in February 2020 China Car Sales…
2005-2018 Conventional crude production on a bumpy plateau – with a little help from Iraq
This post is an update of a graph done in 2015: Fig 1: Conventional oil production on bumpy plateau 2005-2014 In http://crudeoilpeak.info/latest-graphs When adding the new data for 2015-2018 it was discovered…
World crude production outside US and Iraq is flat since 2005
In the year 2005, the global crude production curve shows a definitive kink, going horizontal for several years. This caused the 2008 oil price shock and the following financial crisis which permanently…
US crude oil imports and exports update April 2018 data
Contrary to common assumptions that the US is on the cusp of energy independence US crude oil imports averaged 7.8 mb/d in the last 12 months. 3.5 mb/d came from neighboring Canada, a…
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…
Australian ABC TV selectively quotes BP to match its own “no worries” narrative
On the 7 pm news of Friday, 26/5/2017, with 610K viewers, ABC TV quoted from BP’s Energy Outlook 2017 by cherry-picking parts of graphs, giving viewers the impression that there are no…
Australian public broadcaster a true believer in US shale oil supremacy
In 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 week: Fig…
US shale oil peak in 2015
The 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 shows that…
World outside US and Canada doesn’t produce more crude oil than in 2005
After 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 http://crudeoilpeak.info/latest-graphs Fig…