Crisis, crunch or crumble: after Yukos, it’s time we started fearing for the future of Saudi oil
Sixty per cent of Saudi production comes from the ‘King of Kings’ field. If this starts to decline, production has peaked.
Oil
Indonesia and Oman
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
Indonesia and Oman – their declines will outweigh Saudi increase
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.
Simmons hopes he’s wrong
Leading energy analyst believes Saudi Arabia’s crude oil supply near peak; calls for greater global reserve transparency to anticipate ‘cataclysm’
Global oil production now flat out
By the time this is being read, currently available oil production capacity all around the world will be producing flat out. How sustainable this proves to be remains to be seen.
ASPO August Newsletter
ASPO’s August Newsletter makes some essential, if bleak, reading. The projected peak date has been moved forward, the collapse of global financial systems and human populations are discussed and much more.
Getting warm in the search for future energy supply
Once production peaks then it can’t meet demand and then prices will rise and it will be the equivalent of the oil shock in the 1970s. That will be a huge boost to renewables.
Stark choices face us on energy use
Human nature is such that we tend to wait for a crisis to happen before we react. However, as the current series of articles on the looming energy crisis highlight, we do so at our peril.
New Book: Powerdown by Richard Heinberg
Powerdown is a brilliant analysis of the options available to a civilization facing resource depletion, biosphere collapse, and financial insolvency.
Trouble in the World’s Largest Oil Field-Ghawar
The data I am being told by engineers who have worked on Ghawar suggests that this decade will see it’s peak. As Ghawar goes, so goes the world.
Globe’s growing thirst poses challenge to big oil
In best-case scenarios, like Exxon Mobil, production is relatively flat. Many more energy companies are pumping less oil than they were a year ago.
Nigeria’s oil crisis
Nigeria’s oil industry – Africa’s largest and the fifth-biggest source of US oil imports – is concerned for its future after a yearlong spree of bloodletting that has killed more than 1 000 people in the Niger Delta.
