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

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

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The difference between depletion and decline rate in oil fields

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

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

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

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

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

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Giant Oil Field Decline Rates

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

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Gail Tverberg: Eight Pieces of Our Oil Price Predicament

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

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

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

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

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

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No More Oil Exports by 2030

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

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

“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

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