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IEA: US$ 40 oil means 3 mb/d less tight oil by 2020
You want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US tight (shale) oil by 2020....
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IEA in Davos 2016 warns of higher oil prices in a few years’ time
World Economic Forum The Transformation of Energy Fig 1: WEF energy panellists 22/1/2016 From right to left: moderator Daniel Yergin (IHS), Fatih Birol (IEA), Hiroaki Nakanishi (Hitachi), Ignacio...
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Peak oil in the South China Sea (part 1)
The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone...
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Oil reserves and resources as function of oil price
BP Statistical Review: proved reserves not so proven We start with what most people will do, the BP Statistical Review (latest version June 2016). The review’s Excel file contains a work sheet named...
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China’s oil peak 45 years after the US peak
Fig 1: Oil crisis in China like in 2005? No. By order: Free roads for G20 in Hangzhou https://www.theguardian.com/world/2016/aug/31/china-hangzhou-propaganda-facelift-g20-summit Strategically...
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