Industrialized Cyclist Notepad


More Peak Driving

Continuation of recent trend suggesting American driving may have peaked.

http://www.fhwa.dot.gov/policyinformation/travel_monitoring/14martvt/figure1.cfm

vmtmarch2014



Jet Fuel

via the tweetbox



Oil Companies Spending More, Producing Less

via James Hamilton via WSJ: http://econbrowser.com/archives/2014/01/big-oil-companies-spending-more-and-producing-less

costlyquestwsj
click to enlarge



That’s some tricky math

Attention news reporters, editors, producers and quacking heads: The US burns about 18.5 million barrels per day, and produces 7.7.

18.5 – 7.7 is 10.8.

These numbers are from the freakin EIA itself: http://www.eia.gov/petroleum/supply/weekly/pdf/table1.pdf

No wonder the Koreans are kicking our tails in math. We get reports like this, all over the internet and on NPR:

In October, for the first time since February 1995, the U.S. produced more crude oil than it imported, the Energy Information Administration said this week.

EIA, the Energy Department’s nonpartisan statistical arm, said U.S. crude oil production averaged 7.7 million barrels per day in October while 7.6 million barrels per day were imported.

via U.S. oil output tops imports for first time since 1995 – Andrew Restuccia – POLITICO.com.

Even if that were true, all it would mean is that we still have to import half the oil we burn. But we’re not there yet, and may never be (again).



Shell giving up on Colorado “oil shale”

Said spokesman Martin Skrtel, speaking at Shell’s headquarters in Den Hague, “It was always just a really stupid, non-starter of an idea. You’d have to be a scientific illiterate to believe that cooking “oil shale” to create crude oil could have a positive energy balance. Still, we thought we could buy off enough legislators to create, how should we say, a conducive fiscal atmosphere that would make the scheme a profit-maker for us. But now we have abandoned even those plans…”

Ha ha that was satire. What they really said was different:

A month after Royal Dutch Shell’s U.S. subsidiary said it would pursue its oil shale research project in Colorado while selling off other oil and gas assets, the company has reversed its decision.

“There’s been a shift in our oil shale project,” spokeswoman Carolyn Tucker said Tuesday.

“The energy market has evolved since Shell first started its oil shale research project in 1981. We plan to exit our Colorado oil shale research project in order to focus on other opportunities and producing assets in our broad global portfolio,” she said in an email.

“Our current focus is to work with staff and contractors as we safely and methodically stop research activities at the site,” she said.

The announcement regarding the closure of Shell’s oil shale research and development work comes as the company announces plans to put its assets on the market across the United States, including oil and gas assets in northwestern and southeastern Colorado.

Shell on Aug. 1 reported a 60 percent drop in second-quarter results — largely due to a $2 billion write-down of its North American shale assets due to “the latest insights from exploration and appraisal drilling results and production information.”

via Shell pulling out of Colorado oil shale research project – Denver Business Journal.



North Sea

Long peaked, declining rapidly and getting really expensive.

The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders.

Trade body Oil and Gas UK says there is record investment this year of £13.5bn.

But its annual report on the industry’s economic impact highlights the sharp fall in output of 19% during 2011 and 14% in 2012.

It says the industry’s latest estimates of the continuing decline suggest a further fall of at least 8.5% during this year, with no recovery next year.

[…]

Because of challenging geology and unplanned shutdowns on offshore platforms, the unit cost per barrel for extracting oil from British waters, known as the UK Continental Shelf (UKCS), has gone up four-fold over the past decade.

via BBC News – 'Worrying' decline in oil and gas production.



More Peak Car
August 18, 2013, 10:56
Filed under: Uncategorized | Tags: , , , , , ,

It’s not about efficiency.

Has Motorization in the US Peaked? Part 2 — Sivak (pdf).

sivakchart




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