Posted by Rune Likvern on November 12, 2010 - 10:21am in The Oil Drum: Europe
Tags: global oil supplies, non oecd oil consumption, oecd net oil imports, oecd oil consumption, oil prices, opec crude oil supplies, opec ngls, russian crude oil supplies [list all tags]
My post is mainly an update to Global Oil Supplies as Reported by EIA's International Petroleum Monthly for September 2010, based on data which the EIA reported in the past few days. I will also briefly present updated information regarding OECD and Non OECD oil supplies/consumption.
The stacked columns show crude oil and condensates supplies split among OPEC, Russia and ROW (Rest Of World which also includes OECD), from January 2001 through August 2010. The development in the average monthly oil price is plotted on the left hand y-axis.
Note that world oil production has been on a plateau, from late 2004 to the present, with a small dip when prices dropped in late 2008 to early 2009. This graph considers crude and condensate only, excluding natural gas liquids and other forms of liquid energy, such as biofuels.
This is a post that was originally written in 2007.
There are regularly stories in the media or in the blogosphere about various pipeline projects that are announced with much publicity, and are seen to have major strategic consequences, or conversely about projects that are more discreet but are seen as the "real" justification for various military or diplomatic acts. For instance, the announcement last month of an agreement between Russia and several central Asian republics about a new pipeline was widely interpreted as a major move against European energy security. Similarly, the war in Afghanistan has often been blamed on a long mooted Turkmenistan-Afghanistan-Pakistan pipeline.
These analyses (which are absurd to anyone with a basic knowledge of the oil&gas industry) completely ignore the dynamics of what it takes to actually get a pipeline deal done, and what it means for relations between the parties involved. Therefore they fail to understand the significance (or lack thereof) of announcements by energy companies or governments and wrongly interpret the geopolitical implications of both pipelines, and announcements of pipelines.
So, in order to help oildrummers better interpret pipeline news, here's a primer on why and how pipelines get built - which essentially means how they get financed.
This post was originally written by Rembrandt in 2006.
Will 730 billion barrels be added to the reserve pool from reserve growth between 1996 and 2025 as estimated by the United States Geological Survey?
This post is the third part in a three piece series about the phenomenon of reserve growth in found oil fields. Insight in future reserve growth, often attributed to technological advancement, is crucial in determining the peak of conventional oil production. Parts 1 and 2 can be found here and here.
This post was originally written by Rembrandt in 2006.
This post is the second part in a three piece series about the phenomenon of reserve growth in already found oil fields. Insight in future reserve growth, which is often attributed to advancement in technology, is crucial in determining the peak of conventional oil production. For those not familiar with reserve growth it would be best to read part 1 first:
In this second part various scientific studies about reserve growth in the United States, the North Sea and Russia are analysed. The third part will look at the reliability of the estimate from the United States Geological Survey in their World Petroleum Assessment 2000 with respect to future reserve growth.
This is a post by Rembrandt that was originally published in 2006.
The difference in vision between so called "optimists" and pessimists" with respect to the peak in world oil production is often caused by a view of future technological development in the oil industry. This development influences both conventional and unconventional oil production. Only a part of the oil in an oil field can be produced. It is claimed by oil companies and various institutes that technological advancement will increase the recoverable amount, thereby postponing the peak in conventional oil for several decades. In essence this means that the amount of recoverable reserve increases over time due to changes in technology, economy, insights. But also expected recoverable reserves increase over time due to past underestimates. This is why the term is called "reserve growth".
Posted by Euan Mearns on October 21, 2010 - 10:40am in The Oil Drum: Europe
Tags: bio fuel, ccs, coal, electricity, fertilizer, fish, food, gas, nuclear, oil, peak gas, peak oil, uk trade balance, uranium [list all tags]
Over the years I have drawn attention to concerns about the impact that peak oil (1999) and gas (2000) in the UK North Sea would have on UK trade balance. In the space of a decade, the UK has gone from oil and gas exporter to importer. In articles such as UK Energy Security (July 2007) and A State of Emergency (June 2008) I speculated about the financial cost and in today's article I put real numbers on the cost of UK energy imports.
Figure 1 Data compiled from tables published by the UK Office for National Statistics.
This is a guest post by Jean-Luc Wingert from ASPO-France. Jean-Luc is a sustainability consultant and author of the book "La vie après le pétrole". He is presently the president of the Association Challenge 1 litre 100km.
Anyone interested in “peak oil” or oil future scarcity knows that transportation is soon going to be a difficult issue. This is one of the main motivations for launching the Challenge 1 litre 100 kilometer contest. It is a car race where participants will have only 1 litre of petrol to travel 100 kilometers. Of course, trying to take up the challenge with your regular car doesn’t make sense. It will be necessary to build a vehicle especially for this contest.
Massimo Ippolito, president of KiteGen Research (KGR) s.r.l., poses in front of parts of the prototype being built near Torino, in Italy. The Kitegen is an ambitious and innovative research project that promises high efficiency in energy production from high altitude winds.
Below the fold you will find an English translation of this article.