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Snapshot from the EIA Monthly Review
Dave Cohen, The Oil Drum (DrumBeat comment)
EIA Monthly Energy Review Quick Snapshot: 
Remarks:
- The two dips since 1983 represent 1-year drop-offs in world oil production. The current gradually declining plateau is unique since that date.
- The big geopolitical events that drove production down in the 1970’s & early 80’s have obvious causes when seen in retrospect. There is no such obvious external cause driving things now, and the stagnant supply is taking place during a period of global economic growth driven primarily by Asia. Hence the oil price.
- I’ve put this graph up merely to serve as a reminder that all is not well with the oil supply. So when one Jack Z. Smith (linked in by Leanan) says
Don’t count me among the “peak oil” theorists who believe that world oil production will reach its ultimate zenith any day now. My guess is that is more likely to happen 25 or more years from now.
all I can do is ask him to stare real hard at this graph, which I’m quite sure Jack has never seen. I’m not saying oil production can not go up again in the next 2-3 years. That could happen, given new projects coming on-stream. However, there have been similar forward-looking statements made since 2005 that have not panned out at all.
(21 September 2007)
Peak Oil Update – September 2007: Production Forecasts and EIA Oil Production Numbers
Khebab, The Oil Drum
An update on the latest production numbers from the EIA along with graphs/charts of different oil production forecasts.
(22 September 2007)
Canada Round-Up
Stoneleigh, The Oil Drum: Canada
Canada’s economy is moving and shaking. The loonie reached parity with the US dollar for the first time since the Gerald Ford presidency. But don’t be fooled: it’s not the Canadian economy that does so great, it’s the US that sinks ever further ever faster, and the rest of the world is sinking with it, including Canada.
The long-awaited report on the royalty rates for the Alberta tar sands was published, and it recommends raising the royalties significantly. Both the industry and the business-friendly media in Canada cry foul, and worse. Just a few months ago, Shell said their tar sands operation was immensely profitable, but now the tune has changed.
Some voices say raising the royalties reeks of too-big government, and comparisons with Hugo Chavez fly everywhere. But those same voices do want the government to pay for the Mackenzie Valley pipeline.
(21 September 2007)
Tidbits from the WEC Report
SamuM, The Oil Drum (DrumBeat comment)
I wonder if anybody read/skimmed through the WEC Survey of World Energy sources 2007 report (linked via the Strahan’s WEC secretary interview ).
It had some interesting graphs, although admittedly most of them from BP/IEA/EIA.
Sampling with comments:
LNG Flows in the world
Strait of Hormuz is a choke point not just for crude oil, but for future growing LNG shipments. No wonder Kissinger et al want control of that area. Iran has no change, I’m afraid. One way or another, US wants to ensure control of that area.
Share of LNG shipments of world Natural Gas trade
As per above, LNG is becoming more important in years to come, if the industry moves to this direction as estimated.
World Nuclear Electricity Generation Capacity up-to 2050
Looks like there is a BIG uncertainty. Sure 50 years is way off, but even 2030 is so different between IEA and WETO estimates. Interesting.
World production of Uranium vs Reactor requirements
Again, discussed here a TOD before, but a good reminder about some short-term issues on the uranium spot market.
There are also worthwhile summaries on geothermal, solar, tidal energy. Recommended reading if one is interested in the global energy mix. The study pulls several data sources together.
(22 September 2007)
