Click on the headline (link) for the full text.
Many more articles are available through the Energy Bulletin homepage
A Nosedive Into the Desert
…Or, Why the Decline in Saudi Oil Production is Not Voluntary
Stuart Staniford, The Oil Drum
In this post, I extend my analysis of Saudi Arabian production backwards four years earlier than my post of last week. I explain in detail how the evidence strongly suggests that since late 2004, the Kingdom of Saudi Arabia (KSA) has entered rapid decline of their oil production, at least for the time being. ..
(8 Mar 2007)
Staniford considerably beefs up the evidence and doubles his wager ($2000 staked that the international oil agencies will never report sustained Saudi production of crude+condensate of 10.7 million barrels or more). I find The Oil Drum always good value, but they’re edging on legend status again.-LJ
Three new presentations from Matthew Simmons
Matthew R. Simmons, Simmons & Co., Intl.
Is The World Supply Of Oil & Gas Peaking?
Red Sails in the Sunset: As Energy Twilight Approaches West Coast States
Do “We” Face An Energy Crisis?
Energy Markets Ring Out 2006 And Face A Daunting Future
(March 2007)
All presentations are in PDF. Westexas reports at The Oil Drum:
Matt was on CNBC this afternoon, in rebuttal to ExxonMobil. Matt reiterated that we peaked last year. Interestingly enough, Matt said that he personally owns no major oil company stocks–his investments are in smaller independent oil companies and service companies. He said that major oil companies won’t be able to replace their reserves, whereas smaller companies can make a lot of money from the smaller fields that are still to be found (I agree).
He said that the problem is that almost everyone assumes that we are going from 85 mbpd to 120 mbpd (he didn’t specify Total Liquids or C + C + NGL), when in reality we are going to 70 mbpd.
As I have said, everything is great for energy producers–until the angry soccer moms start rioting at the gates of the mansions of the energy producers.
Announcing the CERA News Center Archive
Cambridge Energy Research Associates (CERA)
Cambridge Energy Research Associates (CERA) cera.ecnext.com is introducing an information and news archive where readers can find current energy-related articles and media postings.
Compiled articles cover topics such as energy security measures, oil-related economics and utility research. One archive citation by Industrial Manufacturing reveals that recent CERA research analysis suggests that the remaining global oil resource base is actually three times as large as the “Peak Oil” theory suggests.
Additional article sources include The Wall Street Journal, Houston Chronicle, Reuters and San Diego Tribune. This archive will be regularly maintained in order to keep readers well-informed on CERA affairs and energy-related events. CERA is an IHS company and is an advisor to international energy companies, governments, financial institutions, and technology providers.
CERA’s team of experts is headed by Daniel Yergin, Chairman and Pulitzer Prize-winning author of The Prize: The Epic Quest for Oil, Money and Power. Dr. Yergin is also coauthor of the critically acclaimed book The Commanding Heights: The Battle for the World Economy, which was produced as a three-part series for PBS.
CERA has over 200 staff worldwide, with offices in Cambridge, Massachusetts; Beijing; Calgary; Mexico City; Moscow; Oakland, California; Oslo; Paris; Rio de Janeiro; and Washington, DC.
(7 March 2007)
I checked the CERA news site, but found they hadn’t put up the links yet to critical analyses of CERA studies from The Oil Drum, Energy Bulletin, ASPO-USA, et al. We would be very happy to publish any responses that CERA may have to peak oil. -BA
New documentary: “Escape from Suburbia”
filmmakers website
Gregory Greene, director/writer of the acclaimed 2004 documentary End of Suburbia has released the first trailer of the 2007 sequel Escape from Suburbia. -Chris Vernon at TOD/Europe
Suburbia, and all it promises, has become the American Dream. With brutal honesty and a touch of irony, The END of SUBURBIA explored the American Way of Life and its prospects as the planet enters the age of Peak Oil.
In ESCAPE From SUBURBIA director Greg Greene once again takes us “through the looking glass” on a journey of discovery – a sobering yet vital and ultimately positive exploration of what the second half of the Oil Age has in store for us.
Through personal stories and interviews we examine how declining world oil production has already begun to affect modern life in North America. Expert scientific opinion is balanced with “on the street” portraits from an emerging global movement of citizen’s groups who are confronting the challenges of Peak Oil in extraordinary ways.
The clock is ticking. ESCAPE From SUBURBIA asks the tough questions: Are we approaching Peak Oil now? What are the controversies surrounding our future energy options? Why are a growing number of specialists and citizens skeptical of these options? What are ordinary people across North America doing in their own communities to prepare for Peak Oil? And what will YOU do as energy prices skyrocket and the Oil Age draws to a close?
(5 March 2007)
See original website for other video formats.
Hubbert speaks! video clip and transcript
Jason Brenno, M King Hubbert Tribute site
Happy Birthday Peak Oil!
Commemorating the 51st Anniversary of M. King Hubbert’s Seminal Speech, the Hubbert Tribute site ( www.mkinghubbert.com) has released a 1976 video clip of Hubbert speaking about world oil depletion and explaining the concept of peak oil. Several years after his startlingly accurate prediction that the U.S. would peak in 1970 and in the context of the 1970s energy crisis, Hubbert speaks about the theoretical Hubbert curve which suggested a worldwide peak of oil extraction in 1995. In the past several years, Hubbert and his predictive model have been roundly criticized by detractors such as CERA (Cambridge Energy Research Associates) because world oil extraction did not peak in 1995 and still has yet to peak.
Hubbert clearly articulates that the OPEC countries had already by 1976 changed their production profiles such that his world production curve would likely be shifted by about ten years. He also speculates that the growth rate at the time could also be flattened in the future which could also change the curve.
(8 Mar 2007)
