Category Archives: Oil Shocks

Reserves exaggerated, Financial crash — new oil projects can’t get funding, any kind of war whether cyber or nuclear, key chokepoints strangled by regional wars, Ghawar and other giants begin their 9% decline per year, infrastructure rusting, Export Land Model — one way or another oil shocks are on the way and Peak Oil will create fear and panic across the world and crash the stock markets if that hasn’t already happened on its own from corruption

Oil Choke Points vulnerable to war, chaos, terrorism, piracy

Posted on July 5, 2015 by

Source: Ballout, D. 2013. Choke Points: Our energy access points. Oil Change. Million Barrels per day / 2009 world Oil Transit Chokepoints 15.5 / Strait of Hormuz, 20 to 25% of the world’s daily crude oil production 13.6 / Strait … Continue reading →

Posted in Chokepoints, Infrastructure Attacks, Oil & Gas, Oil Shocks, Threats to oil supply | Tagged , , , | 3 Comments

The difference between depletion and decline rate in oil fields

Posted on June 9, 2015 by

Notes from 26 page: Höök, M., Davidsson, S., Johansson, S., Tang, X. 2014. Decline and depletion rates of oil production: a comprehensive investigation. Philosophical Transactions. Series A: Mathematical, physical, and engineering science, 372 Depletion rate is the rate that the … Continue reading →

Posted in Flow Rate, Oil, Peak Oil | Comments Off on The difference between depletion and decline rate in oil fields

Coal-to-liquids (CTL) can not compensate for declining oil & natural gas production

Posted on June 6, 2015 by

Notes from 23 page: Höök, M. & Aleklett, K. 2010. A review on coal-to-liquid fuels & its coal consumption. International journal of energy research Vol. 34 10:848-864 Annual decline in existing crude oil production is around 4-8%, equivalent to an … Continue reading →

Posted in Coal to Liquids (CTL), Flow Rate | Tagged , , , , | Comments Off on Coal-to-liquids (CTL) can not compensate for declining oil & natural gas production

Giant oil field decline rates and their influence on world oil production

Posted on April 2, 2015 by

Excerpts from: Hook, M., Hirsch, R., Aleklett, K. June 2009. Giant oil field decline rates and their influence on world oil production. Energy Policy 37(6): 2262-2272 Future trends in giant oil field decline rates             … Continue reading →

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , , , , | Comments Off on Giant oil field decline rates and their influence on world oil production

Giant Oil Field Decline Rates

Posted on November 22, 2014 by

Summary of article 1, Cobb’s “Aging Giant Oil Fields” 2013 The world’s 507 giant oil fields comprise a little over 1% of all oil fields, but produce 60% of current world supply Of the 331 largest fields, 261, or 79%, … Continue reading →

Posted in Flow Rate, How Much Left | Comments Off on Giant Oil Field Decline Rates

Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Posted on October 23, 2014 by

Eight Pieces of Our Oil Price Predicament October 22, 2014, by Gail Tverberg A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of … Continue reading →

Posted in Flow Rate, Gail Tverberg | Comments Off on Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Super Rust Corrodes hundreds of ships and could sink the oil industry

Posted on October 4, 2014 by

Blame it on super-rust, a virulent form of corrosion that has destroyed hundreds of ships and could sink the oil industry. By Richard Martin, June 2002. Wired Magazine. Key points (see the full article at http://archive.wired.com/wired/archive/10.06/superrust.html): Ships that cost hundreds … Continue reading →

Posted in Exports decline to ZERO, Ships and Barges, Transportation | Tagged , , , , | Comments Off on Super Rust Corrodes hundreds of ships and could sink the oil industry

Domestic sources integral to U.S. energy security, but may be vulnerable By Elizabeth Bunn

Posted on May 15, 2014 by

Domestic sources integral to U.S. energy security, but may be vulnerable By Elizabeth Bunn U.S. Vulnerabilities The following facilities represent some the most important oil and petroleum infrastructure in the United States. The vulnerability of these systems depends on several … Continue reading →

Posted in Chokepoints | Comments Off on Domestic sources integral to U.S. energy security, but may be vulnerable By Elizabeth Bunn

No More Oil Exports by 2030

Posted on May 13, 2014 by

Jeffery J. Brown. 10 Jun 2013. Commentary: Is it only a question of when the US once again becomes a net oil exporter?  ASPO-USA   Key points made in this article: In just 17 years given current trends, China and … Continue reading →

Posted in Exports decline to ZERO | Comments Off on No More Oil Exports by 2030

Russian energy to highest bidder US$ no longer reserve currency, Europe threatened

Posted on May 8, 2014 by

“Russia and the Ukraine – The Worrisome Connection to World Oil and Gas Problems”  May 7, 2014 by Gail Tverberg What is behind the Russia/Ukraine problem? It seems we are seeing Russia’s attempt to fix a 2-part problem: Some oil … Continue reading →

Posted in Exports decline to ZERO, Gail Tverberg, PetroDollars | Comments Off on Russian energy to highest bidder US$ no longer reserve currency, Europe threatened