Filed under: Uncategorized | Tags: Cantarell, crude oil production, energy, Ku Maloob Zaap, Mexican oil exports, Mexican oil production, Mexico, peak oil, Peak Oil is dead
I guess they haven’t heard that Peak Oil is dead. Once they get word, exports should jolly well pick right back up again.
State-owned Pemex said Friday the country exported 1.191 million barrels per day in the first month of 2012, the lowest level in 19 months and a drop from the 1.282 million bpd shipped in December.
The company sent 1.254 million bpd to refineries in Mexico in January, compared with 1.164 million in December.
via UPDATE 2-Mexico's January oil exports lowest since mid-2010 | Reuters.
Filed under: Uncategorized | Tags: energy, gasoline, Jevon's Paradox, mustachio'd, oil exports, OPEC, peak oil, porn 'stache, taco time, tacos, thoughtful man, Tom Friedman, transportation, Verleger
That’s what oil exporters do! Yup, we’re going to frack our production up about 200% over its current level, and get more efficient of course, and, of course, “do it right,” and then we’ll start exporting crude to those suckers in Japan and Europe. But first —
But all of this depends on an understanding between the oil industry and the environmentalists. If President Obama could pull that off, it would be a huge contribution to America’s security, economy and environment.
Yeah, that’s it. If we can just come to an understanding with the environmentalists, it’s OPEC time!
Friedman is unbelievably bad sometimes. Other times, believably so.
via http://www.nytimes.com/2012/02/26/opinion/sunday/friedman-a-good-question.html
You may also intensely dislike: THOMAS L. FRIEDMAN IS UNSUSTAINABLE
Filed under: Uncategorized | Tags: Brent, crude oil, crude oil prices, EIA, energy, Energy Information Administration, NYMEX, oil price, oil price predictions, oil prices, peak oil, WTI
Via http://www.eia.gov/forecasts/aeo/er/early_prices.cfm
Consider in light of their historical track record, which has … not been good.
Filed under: Uncategorized | Tags: average gas prices in US, Barry Ritholtz, energy, gas prices, gasoline supplies, historic gasoline price chart, oil consumption, peak oil, retail prices for gasoline, the Big Picture, transportation
Another look, via Barry Ritholtz’ Big Picture Blog:
http://www.ritholtz.com/blog/2012/02/prices-at-the-pump-on-the-rise/
Filed under: Uncategorized | Tags: Brent, crack spread, crude oil and gasoline prices, energy, fuel prices, gas prices, James Hamilton, oil price, peak oil, petrol, petroleum, WTI
My rule of thumb has been that for every $1 increase in the price of a barrel of crude oil, U.S. consumers are likely to pay 2-1/2 more cents for a gallon of gasoline.
Hamilton points to the lack of adequate pipeline infrastructure in the US to explain the gap between Brent and WTI.
via http://www.econbrowser.com/archives/2012/02/crude_oil_and_g.html
Filed under: maps | Tags: Alaska, BOP, Chukchi Sea, corexit, Deepwater Horizon, energy, North Slope, oil drilling, peak oil, Shell
Via North Alaska Environmental Center.
click to enlarge
Filed under: maps, Uncategorized | Tags: Alaska, Beaufort Sea, Chukchi Sea, crude oil, energy, North Slope, oil, oil drilling, oil production, peak oil, Prudhoe Bay, Siberia, Trans-Alaskan Pipeline
click to enlarge
Filed under: Uncategorized | Tags: AAA, energy, fuel gauge report, fuel prices, gas prices, gasoline, Hubbert's Peak, peak oil
Filed under: Uncategorized | Tags: Brent, Brent crude, energy, Greece, Iran, North Sea, oil price, oil production, peak oil, price of oil, Reuters, WTI
Crude oil output from the North Sea, home of the global Brent benchmark, is set to fall in March for a third month due to maintenance work and natural aging of oilfields there.
Supply will average 2.18 million barrels per day in March, down 1.4 percent from 2.12 million bpd the previous month, data compiled by Reuters showed on Tuesday.
via Brent tops $120 on Iran, North Sea, Greece | Reuters.
This report was the product of at least four reporters and two editors.
Filed under: Uncategorized | Tags: EIA, energy, historic price predictions, make-a me laugh, oil price predictions, peak oil, petroleum, Super Wrong, wrong
This was the EIA’s thought on future oil prices just nine years ago:
From an article on EIA predictions at Seeking Alpha: http://seekingalpha.com/article/363431-flawed-oil-forecasts-hide-continued-upward-pressure-on-prices
Filed under: Uncategorized | Tags: energy, gas prices, january 2012 gas prices, oil consumption, oil demand, peak oil
From Zero Hedge: http://www.zerohedge.com/news/january-gas-prices-all-time-highs
Filed under: Uncategorized | Tags: CBO, Congressional Budget Office, energy, gas tax, Highway Trust Fund, House transportation bill, transportation
That’s the CBO’s projected shortfall for the Highway Trust Fund in 10 years, if the House Transportation Bill passes.
click to enlarge
Filed under: Uncategorized | Tags: Cove Point, energy, fracking, hydraulic fracturing, LNG, LNG exports, natural gas exports
East Coast LNG import facility will probably be changed to an export facility. This development results in higher prices for American consumers, while our water gets fracked. In contrast — it is illegal to export crude oil produced in the US.
Dominion, based in Richmond, Va., has won approval from the Department of Energy to use Cove Point for exporting liquefied natural gas to about 20 nations with which the United States has free-trade agreements. The company is now seeking federal permission to allow shipments to virtually any foreign country, except those barred because of trade embargoes.
via Marcellus shale fracking: Natural gas exports eyed through Calvert County – Baltimore Sun.
Filed under: Uncategorized | Tags: energy, Japan, kurashiki, kurashiki refinery, refineries, refinery accident
Five men are missing here after an undersea tunnel collapsed during construction: http://news.yahoo.com/five-missing-japan-refinery-tunnel-collapse-055445790.html
Filed under: Uncategorized | Tags: energy, EU energy, peak oil, renewable energy, wind energy
Wind energy: over 21% of all new power capacity in 2011 | EU Reporter.
Filed under: maps | Tags: energy, Iran, Iranian exports, Iraq-Turkey pipeline, kurdistan, Middle East oil pipelines, oil exports, oil pipelines, oil production, oil trade, Strait of Hormuz
Via the Guardian‘s DataBlog: http://www.guardian.co.uk/news/datablog/2012/feb/06/iran-oil-exports-destination#_
Filed under: Uncategorized | Tags: China, energy, Iran, Iran sanctions, oil exports, oil imports, oil shipments
But so far Iran seems to be hanging tough.
http://www.businessworld.ie/livenews.htm?a=2905826;s=rollingnews.htm
See also: China Benefits from US Sanctions
Filed under: maps | Tags: energy, European natural gas trade, Gazprom, Natural gas, natural gas pipelines, natural gas trade
Lots of people searching for info on natural gas trade movements.
Here is the link to the IEA’s interactive map of the Euro gas trade. If you can figure out the difference between a “transmission line” and a “transit line” there is some good information here.
http://www.iea.org/gtf/index.asp
Also: BP’s map of the nat gas trade
Filed under: Uncategorized | Tags: Alberta, British Columbia, CNOOC, energy, Greenbirch, oil sands, PetroChina, Sinopec, tar sands
Adding to their already massive holdings in Alberta.
Via Rigzone: http://www.rigzone.com/news/article.asp?a_id=114805&hmpn=1
Filed under: Uncategorized | Tags: cost per foot, drilling costs, drilling rigs, EIA, energy, oil production costs, peak oil, production costs
Cost per foot of oil wells, United States. Stunning chart.
From EIA: http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=E_ERTWO_XWPN_NUS_DF&f=A
Industrialized Cyclist Notepad 
