Keeping Oil Production From Falling
Production flows from a given oil field naturally decline over time, but we keep trying harder and technology keeps improving. Which force is winning the race?
Oil
Peak Oil Review – July 21
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Ukraine, Quote of the Week, The Briefs.
Peak Oil Notes – July 17
After falling steadily for three weeks, New York oil futures reversed on Wednesday as US crude stocks dropped and China reported some better economic numbers.
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
Iraq on the Precipice
The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states.
Energy Crunch: Turmoil in Iraq
The possibility of a new global energy shock moved closer this week as ISIS forces made major territorial gains in Iraq, the speed of events taking world leaders by surprise.
It’s the oil, stupid! Insurgency and war on a sea of oil
Events in Iraq are headline news everywhere, and once again, there is no mention of the issue that underlies much of the violence: control of Iraqi oil.
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.
Peak Oil Review – Jun 16
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
We will never run out of oil (which is entirely beside the point)
What if technology does advance, but not enough, and what if the price of oil is high, but not high enough to justify bringing it out of the ground at the RATE required for the smooth functioning of global society? What then?
Peak Oil Notes – Jun 12
New York oil prices rose sharply on Monday due to the usual hopes for an economic recovery and threats to Middle Eastern oil exports.
Peak Oil Review – Jun 9
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
