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US Oil Dependency on Middle East has Hardly Changed Since 2007

 US imports started to drop following the 2007 recession and the financial crisis in 2008.

US Oil Consumption and the US Tight Oil Boom

There is no statistical evidence that US oil consumption increased as a result of skyrocketing tight oil production which one would expect in an oil boom.

Scots lost out in UK oil and gas endgame

Those 24 Gboe (oil and gas) hotly debated during the independence campaign appear to be largely exagerated because half of that includes additional and yet-to-find resources the development of which is uncertain.

US shale oil growth covers up production drop in rest-of-world

The world is transfixed on growing world crude production driven by US shale oil but forgets to look what is happening under this remarkable growth curve.

IEA report implies US crude production may start to peak 2016

When it becomes apparent that US tight (shale) oil has peaked, there will be a public confidence crisis because the media are parroting the oil and gas industry’s claim that shale oil is an energy revolution and game changer. Indeed, the game will change, but in unexpected ways.

The Ukraine conflict, peak cheap gas and the MH17 tragedy

The number of countries with fossil fuel conflicts and wars is increasing. Libya, Sudan, Egypt (Sinai), Yemen, Syria, Iraq and now Ukraine. The result is that many innocent people die and that actual oil/gas production drops.

Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline

The seemingly ever growing oil production is deceiving. The process of peaking is happening right under the growth curve. One has only to look for it

Banking on Iraq

Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled South, from where the bulk of Iraq’s oil exports come from.

Asian Century sails into troubled waters in the South China Sea

The focus of this post is not the legal situation but the underlying cause for this conflict: Vietnamese oil production has peaked and Chinese oil production is not growing commensurate with demand.

Why the closure of BP’s Brisbane Bulwer refinery reduces Australia’s energy security

This post shows statistical evidence that BP, like all other International Oil Companies, is in full peak oil mode.
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