[Pops]

We're sick! I checked on this myself just the other day!

[wisconsin_cur]

$this->bbcode_second_pass_quote('Pops', 'W')e're sick! I checked on this myself just the other day!

[bratticus]

$this->bbcode_second_pass_quote('Pops', 'W')e're sick! I checked on this myself just the other day!

[rockdoc123]

apparently an important point to come out in the review is that in 2010 China advanced in front of the US as the largest energy consumer. This may speak somewhat to the divergence between Brent and WTI

[bratticus]

Does BP know it has fanboys? If they opened a store to sell the review



would we camp out overnight in a line to the door?

[bratticus]

The report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.

The real issue is the "C & C Effect". Almost all the statistics merge crude oil with condensates and condensates do not imply oil production as natural gas wells can be sources of condensates. Gas wells are not "dry" as the condensates that accompany them are liquids like butane in a cigarette lighter is. It helps to think of natural gas as "deeper oil"; the reactions that form oil if they occur at deeper levels underground progress from crude to natural gas.

Coal bed methane is purportedly not a source for condensates: Unlike much natural gas from conventional reservoirs, coalbed methane contains very little heavier hydrocarbons such as propane or butane, and no natural gas condensate.

But shale is: $this->bbcode_second_pass_quote('', '[')b]Range Resources Issues Marcellus Shale Update For Third Quarter Of 2010
Marcellus Shale (blog) / Oct 21, 2010

Range Resources (RRC) issued an operations update for the third quarter of 2010 on its properties in the Marcellus Shale. The company has been increasing its acreage in the Marcellus Shale and recently added 42,00 net acres in southwestern Pennsylvania. Range Resources exchanged 55,000 net acres in other parts of West Virginia and Pennsylvania as part of the deal.

Range Resources reported that the company exited the third quarter of 2010 producing at a net rate of 191 million cubic feet equivalent per day. The company said that 71% of this production was natural gas and 29% was composed of natural gas liquids and condensate.

$this->bbcode_second_pass_quote('bratticus', 'T')he report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.

[pup55]

ah, my favorite day of the year, only a week or two away.

Things to check:

North sea output and decline rate, if it is still declining
Mexico and Iran net exports
Iraq production
Saudi and Kuwait production vs. the rest of OPEC--did they absorb all of the "cutbacks".
Indonesia net production declines
Japan consumption decline
US consumption decline.

GDP per barrel of oil, that is alwasy a good one.

[Pops]

Actually it's already up...

http://www.bp.com/sectionbodycopy.do?ca ... Id=7068481



Edit: Sorry, that's the Oil R/P chart...

[Pops]

World primary energy consumption which includes commercial renewable energy grew by 5.6%. The largest increase (in percentage terms) since 1973

--

Nat Gas R/P


$this->bbcode_second_pass_quote('', 'W')orld natural gas proved reserves in 2010 were sufficient to meet 58.6 years of global production. R/P ratios declined for each region, driven by rising production. The Middle East once again had the highest regional R/P ratio, while Middle East and Former Soviet Union regions jointly hold 72% of the world’s gas reserves

[Pops]

Cool new charting tool interface and save chart feature:

[bratticus]

$this->bbcode_second_pass_quote('bratticus', 'T')he report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('bratticus', 'T')he report could show that 2010 was a really, really good year for oil production. We could see incredible increases in production, say, even as much as 0.05% or so.

[bratticus]

$this->bbcode_second_pass_quote('OilFinder2', '7')4906 (2001) -> 82095 (2010) is up 7,189 a 9.5974% increase!!!

Wow, they almost got world oil production to rise ten percent!

$this->bbcode_second_pass_quote('bratticus', 'W')hat happened to the change, the growth?

[bratticus]

$this->bbcode_second_pass_quote('OilFinder2', '[')b]Growth was the largest since 2004

[bratticus]

in 2008 6.7 billion people, 82015 thousand barrels daily is 12244 per-capita thousand barrels daily
in 2010 6.9 billion people, 82095 thousand barrels daily is 11822 per-capita thousand barrels daily

(click)

[Pops]

I updated my energy/person chart using consumption figures since they go back to '65. this first one is total consumption stacked values:



No Olduvai yet.

The second one shows consumption by type better:



Obviously we passed peak oil use per capita way back.
Coal use is way up again.

Gas continues a steady climb.

My old chart which was based on production and had shown a couple year drop in "other" but using consumption figures that drop doesn't show up, need to look into that...

[bratticus]

The new 2009 is so much better than last years 2009.
$this->bbcode_second_pass_code('', '
year 2010 2011 change
2001 74813 74906 94
2002 74533 74700 167
2003 76916 77075 159
2004 80371 80568 197
2005 81261 81485 225
2006 81557 81729 172
2007 81446 81544 98
2008 81995 82015 20
2009 79948 80278 300')
I can't wait for the 2012 2009. By then it might be update to say 81934.

[infinity7]

Why in BP Statistical Reveiw oil consumption is higher than consumption since 1982? For example, in 2013:

Consumption: 91,331 mbpd
Production: 86,754 mbpd