Filed under: Uncategorized | Tags: crude oil production, depletion, energy, King, Murray, oil production, peak oil
A new article in Nature acknowledges apparent peak in crude oil supply around 2005, and associated bits of nasty math, including depletion of existing supergiant fields and sharp decline in shale gas wells. Here’s the citation for the article:
http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
Murray and King say “we need to start immediately” to mitigate the effects of Peak Oil. But the effects of Peak Oil are already mitigating us.
via Energy Bulletin:
Filed under: Uncategorized | Tags: China, consumption, energy, oil demand, peak oil, petroleum demand
…In 2011, was up, but apparently slowing down. The Chinese are using about 9.6 mbd, about half of the American total.
From Rigzone.
Filed under: Uncategorized | Tags: Coryton, gasoline supply, London gasoline shortage, London petrol shorgage, refinery shutdown
Via Reuters.
Filed under: Uncategorized | Tags: average, Friedman, globalization, The World is Flat But I am Fat
From Beat the Press.
So why are we still saddled with these mediocre and expensive professionals in the U.S.?