Google 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, 10/1/2016, titled…
Tag: US shale oil
Where actually is that much-hyped global oil glut?
The 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 glut stands…
US shale oil too expensive, peaks 1H 2015
According 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 that US…
World on drip of unconventional oil
Currently lower oil prices due to a combination of increasing oil supplies and subdued demand come at a high cost to the environment and the climate. Additional oil supplies are exclusively from…
US oil dependency on Middle East has hardly changed since 2007
This is part 2 of a series of articles on how US tight oil has impacted on oil markets The following graph shows US petroleum imports from OPEC countries starting in 1960….
US oil consumption did not increase as result of US tight oil boom
In part 1 of a series of articles on the impact of US tight (shale) oil we examine the impact on US oil consumption. Fig 1: US crude oil production with tight…
IEA report implies US crude production may start to peak 2016
The Medium Term Oil Market Report of the International Energy Agency (IEA, Paris), published in June 2014, contains a graph which implies that US crude production will start to peak in 2016….
Jean Laherrere uses Hubbert linearization to estimate Bakken shale oil peak in 2014
In his latest research on shale oil French oil geologist Jean Laherrere from ASPO France http://aspofrance.viabloga.com/texts/documents estimates a Bakken shale oil peak in 2014 He uses a Hubbert linearization to calculate a…
Unsustainable Sydney: cost of using M2 toll-way grows 4 times faster than traffic
Latest figures for the 4th quarter of 2013 show that for a 7.5% increase of traffic over 3 years after an additional 3rd lane was opened, the cost to motorists has jumped…
No number crunching in Alan Kohler opinion piece on premature peak oil death
This article is on Alan Kohler ‘s piece “The death of peak oil” http://www.abc.net.au/news/2012-02-29/kohler-oil-reserves-shift-global-markets/3859118 Contents: (1) Too many peaks to handle (2) US shale oil production and projections (3) Tough structural transformations…