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Oil - Nov 26

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The IEA announces the decline of a number of major oil producing countries

Matthieu Auzanneau, The Oil Man blog, Le Monde blogs
French original
L’Agence internationale de l’énergie annonce le déclin de nombreux pays pétroliers majeurs
Le dernier rapport annuel de l'Agence internationale de l'énergie (AIE) se révèle être truffé de références, discrètes mais explicites, à un déclin imminent de la production de bon nombre des principaux pays producteurs de la planète, notamment la Russie, l'Iran, le Mexique, le Nigeria ou encore la Chine.

Seuls l'Irak, le Canada, les Etats-Unis et le Brésil offrent une pleine garantie de développement des extractions au cours de la prochaine décennie, estime l'AIE. Mezza voce, la source mondiale de référence dans le domaine de l'énergie émet des mises en garde sévères concernant tous les autres poids lourds, notamment l'Arabie Saoudite et le Venezuela, ou bien encore l'Angola, l'Algérie et la Libye.

English summary (this is slighty edited google translation)

The latest annual report from the International Energy Agency (IEA) turns out to be full of references, which discreetly but explicitly point to an an impending decline in the production of many major producing countries of the world, notably Russia, Iran, Mexico, Nigeria even China.

Only Iraq, Canada, the United States and Brazil offer a full guarantee for the development of production during the next decade, says the IEA. Mezza voce , the global source of reference in the field of energy issues dire warnings about all the other heavyweights such as Saudi Arabia and Venezuela, and even Angola, Algeria and Libya.
(21 November 2012)

See the complete article in French at Oil Man. Bloggers and journalists, please cite that URL and give proper attribution. Matthieu Auzanneau is an independent journalists and needs recognition tand support to continue with his work.

If you can do an English translation for this article, you might contact Matthieu via his blog, Oil Man. Note that parts of the article are translated into French from the English original of the IEA WEO 2012 - Matthieu can supply the quotes.



Oil Watch - OPEC Crude Oil Production (IEA)

Euan Mearns, The Oil Drum
OPEC is currently pumping at close to near term and historic highs of 31.2 mmbpd of crude oil. Outside of Saudi Arabia, the majority of spare capacity is deemed to lie in Iran and Nigeria. Iran could certainly pump more if permitted to do so by the international community. It is doubtful that Nigeria could. The UAE Kuwait, Qatar, Libya, Algeria and Venezuela are all pumping at close to capacity levels. Saudi Arabia alone has meaningful spare capacity of 2.1 mmbpd.

Embedded in the production stack (Figure 1) is an intriguing tale of general strike, international conflict, civil war and sanctions combined with masterly control of oil supply that has kept global markets in balance.

 

Monthly crude oil production for 12 OPEC countries

Figure 1 Monthly crude oil production for 12 OPEC countries. All data published in this interim report are taken from the monthly IEA Oil Market Reports.

From May 2007 to August 2010, Rembrandt Koppelaar published an e-report called Oil Watch Monthly that summarised global and national oil production and consumption data from the International Energy Agency (IEA) of the OECD and Energy Information Agency (EIA) of the USA. This is the second in a series of new Oil Watch reports, co-authored with Rembrandt and details crude oil production data for 12 OPEC countries (includes Angola and Ecuador, excludes Indonesia) as reported by the International Energy Agency. Earlier editions:

Oil Watch - World Total Liquids Production...

(26 November 2012) 


Offshore Oil-Drilling Primer for Concerned People of All Ages [new textbook's chapter]

Jan Lundberg, Culture Change
David E. Newton, a science professor and writer who has been extensively published, contacted me as an alternative oil industry analyst to write a new textbook's chapter on offshore oil drilling. The publisher, ABC-CLIO of Santa Barbara, CA, Denver, Colorado and Oxford, England just issued the book, World Energy Crisis. It is ambitious, authoritative and yet contains controversial positions.

ABC-CLIO gave permission for Culture Change's website to present my chapter, "Offshore Oil-Drilling Primer for Concerned People of All Ages." The book is subtitled "A Reference Handbook." The series is "Contemporary World Issues: Science, Technology and Medicine."

The book has many, diverse contributors, including a few pro-industry sources including peak oil denialist Mike Lynch. Such things are commonly done for scholastic balance or to please special interests. But the true thrust of the book is its concern over a "crippling fuel-supply catastrophe in the future," as made clear in the publisher's webpage for the book.

When editor David Newton contacted me and said the textbook was for young people, it was from this that I included in my chapter title "people of all ages." This would be best restated as "for young adults and the older generation," because young children would have a problem reading my chapter, although it is more simply written than most of my works...
(20 November 2012)
Read chapter at source 

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