George Baker – Peak Oil in Mexico Outlook to 2015

George Baker – Publisher, Mexico Energy Intelligence 2007 Peak Oil Conference – Houston, We Have an Opportunity Houston, TX, October 17-20 Association for the Study of Peak Oil & Gas USA See all ASPO-USA conference videos at tv.aspousa.org

Peak Oil: The Basics of Oil Depletion in 5 minutes

A really well put together video by Sustainable Guidance january 2011

The Petroleum Rollercoaster

I wrote the following in a previous posting http://ergobalance.blogspot.co.uk/2012/03/can-solar-fuels-avert-imminent.html but there are a number of points of issue, which I shall now address. In particular, the aspect of the apparent rate of decline of oil production needs clarification, and indeed what exactly is meant by “oil”. “It has been estimated that the world’s road transportation […]

BP Energy Outlook 2030: An exercise in wish fulfillment

“Like dreams, statistics are a form of wish fulfillment,” French philosopher Jean Baudrillard once said.  Substitute “forecasts” for the word “statistics,” and you’ll have a good understanding of the public reaction to the recently released BP Energy Outlook 2030. The psychoanalytic definition of wish fulfillment is “the satisfaction of a desire, a need, or an […]

The Myth of “Saudi America”

Like swallows returning to San Juan Capistrano, every December some 20,000 geoscientists flock to San Francisco for the fall meeting of the American Geophysical Union. Slate readers have already heard about a presentation with a particularly eye-catching title, but for me some of the most thought-provoking news came in a prestigious all-Union session with the […]

China sees 2011 resource gains, more growth by 2030

Chenglin Liu Chinese Academy of Geological Science Beijing Changbo Che Jie Zhu Fulin Yang Ministry of Land and Resources Beijing Shaoqing Wang China University of Petroleum Beijing China has begun the annual national oil and gas resources assessment after China’s National Petroleum Assessment 2007. Based on previous assessments, China’s National Petroleum Assessment 2011 has evaluated […]

The Twilight of Petroleum

In this post, Antonio Turiel examines the perspectives of oil production in light of some often neglected parameters: the energy density, the energy yield (EROEI), and realistic estimates of new discoveries. As expected, the result are far from supporting the optimism that seems to be prevalent today. The Twilight of Petroleum Original post by Antonio […]

Peak Oil: This Probably Isn’t Good News

Lost in the all the recent news about shale gas, tight oil, technology, ingenuity, etc., etc., have been discussions about production outside of North America. While it’s hardly an ignored subject, it was easy for media to get caught up in what seems such good news about our own “vast” resources and massive “potential” and […]

The Truth about U.S. Oil Reserve Ranking: 89th from the Top!

My blog post of November 19, 2012, showed that it was highly unlikely that the United States could produce more oil than Russia and China by 2020. To underscore that point even further, the table below provides a listing of proved oil and gas reserves for Saudi Arabia, Russia and the United States. Notice that […]

Australia to rival Saudi Arabia in oil reserves?

An Australian company claims it has found an untapped shale oil field with estimated reserves that could potentially put the country next to remarkably oil-rich Saudi Arabia. Still, extracting the discovered treasure poses a huge technical challenge. ­Brisbane-based company Linc Energy has presented two estimates by respected independent consultants claiming that drilling and seismic exploration […]

Peak Oil: Reserves Nonsense

Peak oil deniers always talk about reserves, not production rates, for the same reason a squid squirts ink when it is threatened. Either they haven’t the foggiest idea what ‘peak oil’ means, nor a grip on production data (let alone the key production/reserves ratios). . . or clouding the issue, and painting peak oil analysts […]

Russian Oil Production to Peak Soon

Russian oil production will probably peak in the next few years as the gains from new oil fields are offset by falling output from brownfield sites, according to Fitch Ratings. The ratings agency said Russia posted another post-Soviet oil production record in 2012, but added that significant new exploration, in particular on the Russian continental […]

Iraq Claims Billion Barrel Oil Discovery

Iraq said Sunday it has discovered deposits of crude, equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years. The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad’s already […]

US DOE/EIA Forecast Estimates Face Reality

In mid-November of 2012, the International Energy Agency (IEA) released a statement claiming that the United States (U.S.) would surpass Saudi Arabia in oil production by 2017 (to be clear, they mean liquid hydrocarbons, not crude oil or crude + condensate).  I assume the IEA obtained its U.S. oil production forecast from the U.S. Department […]

Peak oil theories ‘increasingly groundless’, says BP chief

The US will be self-sufficient in energy by 2030, with only 1% coming from imports, the company’s analysts predict Warnings that the world is headed for “peak oil” – when oil supplies decline after reaching the highest rates of extraction – appear “increasingly groundless”, BP‘s chief executive said on Wednesday. Bob Dudley’s remarks came as […]

California could be next oil boom state

California is sitting on a massive amount of shale oil and could become the next oil boom state. But only if the industry can get the stuff out of the ground without upsetting the state’s powerful environmental lobby. Running from Los Angeles to San Francisco, California’s Monterey Shale is thought to contain more oil than […]

Geography in the News: Arctic Dangers to Oil Platforms

 Shell Oil’s Grounded Platform Confirms Worries About Arctic Oil The Arctic Ocean is a formidable foe to ships, even in the summer. Nonetheless, oil exploration continues despite the dangerous conditions created by wind and ice floes, particularly in the winter. Concerns by Alaskans and Canadians have been expressed often about the exposure of oil platforms […]

Iran to relocate airport after oil found under runway

Iran plans to relocate an airport in the southwest of the country after discovering oil deposits under its runway, media reported on Saturday. The National Iranian Oil Company “intends to buy Ahvaz airport due to the existence of oil deposits under the airport’s tarmac,” the state broadcaster’s website quoted Mohammad Rasoulinejad, managing director of the […]

Chevron Has Two More Natural-Gas Discoveries Offshore Australia

Chevron Corp. (CVX) said its Australian unit made two more natural-gas discoveries in the Exmouth Plateau area of the Carnarvon Basin, a hydrocarbon basin offshore western Australia. The oil and gas producer has now reported 19 discoveries in Australia since mid-2009. Chevron said the Pinhoe-1 exploration discovery well encountered roughly 197 feet of net gas […]

Peak oil group presses EIA to temper optimistic crude outlook

In a first-ever meeting, peak oil proponents met with the US Energy Information Administration earlier this month to urge the nation’s top statistical agency to temper its rosy outlook on future US energy production. Representatives from The Association for the Study of Peak Oil & Gas USA (ASPO) met for two hours on December 17 […]

Looking for a Post Peak Career? Forget Law, Consider Geology

In 2007, Byron King was chatting with Mr. Wang, a marine geologist from China, and what he learned knocked his socks off: “[T]here are about 40,000 or 50,000 students studying geology in China today at the university level. Maybe more, but I do not want to give you a number that is too high.” That’s […]

ExxonMobil Set to Explore Offshore South Africa

Exxon Mobil Corporation announced Monday that its affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa. The ExxonMobil affiliate signed an agreement with Impact Africa Limited (Impact), a subsidiary of Impact Oil & Gas Limited, to acquire a 75 percent participating interest in the Tugela South Exploration Right […]

Exploration, development spending fuels growth in worldwide oil and gas reserves

As a result of growth in Asia-Pacific gas reserves, investments in Canada’s oil sands and the dramatic increase of US shale reserves, worldwide oil and gas reserves increased in 2011. Worldwide oil reserves grew by 1% in 2011, while gas reserves rose by 4%. Oil and gas revenues experienced 27% growth in 2011. Nearly 20% […]

Hofmeister: US Could Tap into 1.6 Trillion Barrels of Oil Resource

I, along with my editor Sam Avro, recently conducted a broad-ranging interview with John Hofmeister, former President of Shell Oil and currently the head of Citizens for Affordable Energy, a non-profit group whose aim is to promote sound U.S. energy security solutions for the nation. Previous interviews with Mr. Hofmeister were: A Difficult Decade Ahead […]

Identifying the “oil” we’re most worried about

World “oil” has been defined in different ways by different entities. IEA and EIA have defined it as total hydrocarbon liquids—including crude oil, lease condensates, natural gas liquids, heavy oil, oil sands, biofuels, and refinery processing gains. For his detailed studies, Colin Campbell has used the following categories: 1) regular conventional oil and gas; 2) […]

Kjell Aleklett: An analysis of World Energy Outlook 2012 as preparation for an interview with Science

  On 12 November the IEA’s World Energy Outlook report for 2012 (WEO-2012) was presented by the chief economist of that organisation, Dr Fatih Birol. When he did so there was one idea that the journalists in the audience latched on to – that by 2020 the USA would become the world’s largest oil producer. […]

Pemex announces light crude oil discovery in southern Mexico

Mexico’s state oil monopoly Pemex said on Sunday it had made a new discovery of light crude oil in an onshore well in Southern Mexico. The oil was found at a depth of 6 kilometers in the “Navegante 1” well in the state of Tabasco. Pemex estimates the reserve contains up to 500 million barrels. […]

A Closer Look at Bakken and U.S. Oil Production

Recent US news reports have highlighted the fact that US oil production has been rising and is now higher than it has been in years. Reports that highlight the recent US oil production increase don’t mention that oil production outside of Texas and North Dakota has actually declined in the last few years. Occasionally the […]

Peak Oil, Meet 3 Trillion Barrels Oil Equivalent: Bringing the Heat

There’s no question, says Rusco, that the oil is there, all 3 trillion barrels of it… …Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels. “In the past 100 years — in all of human history — we have consumed 1 trillion barrels of oil. There are […]

An American Oil Find That Holds More Than All of OPEC

Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are so vast they would swamp OPEC. A recent report by the U.S. Government Accountability Office estimated that if half of the oil bound up in the rock of the Green River Formation […]

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