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

2nd largest oil field in the world, Mexico’s Cantarell, declining rapidly

Posted on April 4, 2014 by

Mexican oil exports: start saying adios! by Martin Payne, 19 Mar 2008. Energy Bulletin. 1)      This story illustrates the problem of RATE of production – you might have a lot of oil, but if you can only produce it at … Continue reading →

Posted in Flow Rate | Comments Off on 2nd largest oil field in the world, Mexico’s Cantarell, declining rapidly

What is “our” oil doing in their economy? — Saudi oil consumption trends

Posted on April 4, 2014 by

What is “our” oil doing in their economy? — Saudi oil consumption trends April 8, 2011. Jonathan Callahan Oil importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies. In 2005, Matt Simmon’s book … Continue reading →

Posted in Exports decline to ZERO | Comments Off on What is “our” oil doing in their economy? — Saudi oil consumption trends

Oil Reserve Estimates are WAY too high

Posted on April 3, 2014 by

Old Math Casts Doubt on Accuracy of Oil Reserve Estimates Asjylyn Loder. april 3, 2014. Bloomberg News Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing … Continue reading →

Posted in Reserves Lower than stated | Comments Off on Oil Reserve Estimates are WAY too high

Charles Hall on EROEI

Posted on April 1, 2014 by

[ For a full understanding of EROI, which Hall invented in 1973 as a way of evaluating which energy resources could best replace fossil fuels, see Hall’s latest book: Hall, Charles A.S. 2017. Energy Return on Investment: A Unifying Principle … Continue reading →

Posted in Charles A. S. Hall, EROEI Energy Returned on Energy Invested, EROEI remaining oil too low | Tagged , , | Comments Off on Charles Hall on EROEI

Export Land Model and Energy Prices

Posted on March 27, 2014 by

What the Export Land Model Means for Energy Prices David Galland, Managing Director Casey Research June 5th, 2008 To understand the importance of exports when discussing peak oil, ask yourself the question: “What’s more important: the fact that global oil … Continue reading →

Posted in Exports decline to ZERO, How Much Left, Oil Shocks | Comments Off on Export Land Model and Energy Prices

Oil and Gas Infrastructure are Rusting Apart

Posted on March 27, 2014 by

Oil And Gas “Rust”: An Evil Worse Than Depletion Offshore Technology Conference May 5, 2008 Houston, Texas by Matthew R. Simmons Chairman Simmons & Company International Some of the slides are: If Infrastructure Not Rebuilt It Creates A Double Whammy … Continue reading →

Posted in Oil & Gas, Oil Shocks | Comments Off on Oil and Gas Infrastructure are Rusting Apart

Why is oil production peak the problem and not when the oil runs out?

Posted on March 19, 2014 by

First, a little history The exponential growth of population from 1 billion to 7 billion in less than 200 years was fueled by fossil fuels, especially oil, which does the actual work of a society and is as necessary as … Continue reading →

Posted in Flow Rate, How Much Left | Comments Off on Why is oil production peak the problem and not when the oil runs out?

A financial crash would stop new oil production, sending us over the net energy cliff with a 10% decline rate per year

Posted on March 5, 2014 by

Gail Tverberg’s March 4, 2014 “Reasons for our Energy Predicament – an overview” gave me this sudden insight: There is the potential for a sudden drop of 10 to 30% in oil production.  That magnitude of world-wide oil shocks would … Continue reading →

Posted in Energy Markets, Flow Rate, Net Energy Cliff, Oil Shocks, Threats to oil supply | Comments Off on A financial crash would stop new oil production, sending us over the net energy cliff with a 10% decline rate per year

Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?

Posted on March 1, 2014 by

Once the large fields peak in Saudi Arabia oil shocks will reverberate throughout the world Best up-to-date status of oil fields in Saudi Arabia. Ghawar is in decline, but 2 new fields filled in, once they’re in decline, there are … Continue reading →

Posted in Energy Books, Flow Rate, How Much Left, Oil Shocks, Reserves Lower than stated | Comments Off on Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?

Science Magazine: Peak Oil Production may have happened in 2005

Posted on February 21, 2014 by

[It’s widely known that peak conventional oil arrived in 2005. Yet it appears in EIA and IEA statistics that oil production has risen. This is because unconventional oil from natural gas liquids (mostly used to make plastic, not transportation fuel),  … Continue reading →

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , | 2 Comments