Filed under: Uncategorized | Tags: Asia, China, Chindia, oil consumption, oil demand, oil imports, peak oil
via the Export Data Browser:
Filed under: Uncategorized | Tags: Brent, Chris Cook, cornucopianism, EROI, market manipulation, Naked Capitalism, peak oil, refineries, WTI
…has little to do with geology, EROI and all that, and everything to do with manipulation by market players. An interesting take, although I don’t get on board with any analyst that completely ignores an entire wing of the mental hospital of energy ideas.
http://www.nakedcapitalism.com/2012/02/chris-cook-the-oil-end-game.html
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: exploding minivan, gas siphoning, gasoline theft, Peak minivan, peak oil, siphon, stealin' gas, Tampa
In Tampa, Fla., authorities say criminals used a minivan with a cutout floorboard, a pump and a big plastic container in an elaborate scheme to siphon gas directly from a gas station’s underground storage tank.
via U.S. News – Pain at the pump: Deputy interrupts elaborate gasoline theft.
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: Uncategorized | Tags: albatross, Brent, crude oil, fuel costs, gas prices, gasoline, Jevon's Paradox, Peak Demand, Peak Everything, peak oil, vehicle miles traveled, Vmt, WTI
VMT (Vehicle Miles Traveled) up slightly in December relative to last December, but down overall for the year, and below its previous peak now for 49 months. With fuel prices on the rise it doesn’t look like it will break above that for quite some time — if ever.
But what do I know.. People are buying cars again. It’s Halftime in America and “the SUV is back.”
From the DOT:
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: carbon emissions, Carnegie Mellon, CO2, delusion and desperation, EVs, Green Car Congress, green cars, greenhouse gases, LDVs, Mashayekh, oil consumption, peak oil, transportation
The impossibility of “green cars” must be apparent at this point. EVen to people at websites called “Green Car Congress:” http://www.greencarcongress.com/2012/02/mashayekh-20120212.html
After considering a wide range of possible strategies to reduce light-duty vehicle greenhouse gas emissions, a team from Carnegie Mellon University, RAND Corporation and the University of Toronto has concluded that no one strategy will be sufficient to meet GHG emissions reduction goals to avoid climate change. Strategies considered included fuel and vehicle options; low-carbon and renewable power; travel demand management; and land use changes.
However, they also found that many of these changes have positive combinatorial effects, “so the best strategy is to pursue combinations of transportation GHG reduction strategies to meet reduction goals.” As a result, they recommended that agencies need to broaden their agendas to incorporate such combinations in their planning. Their policy paper is published in the ACS journal Environmental Science & Technology.
So, if we still want to drive around everywhere , we’re left with all these non-effective strategies for reducing emissions. Solution? Implement all these non-effective strategies at the same time!
…
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: Uncategorized | Tags: auto subsidies, Chevy Volt, Dan Lungren, energy efficiency, Ford, GM, Mike Kelley, mpg, peak oil, The Excellence in Energy Efficiency Act
This sets the bar pretty high, but it’s only February. I bet the other congressmen can put their heads together and come up with something even stupider than this.
GOP lawmaker offers $1 billion prize to first 100 mpg gasoline car – The Hill's Floor Action.
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
Filed under: maps, Uncategorized | Tags: China, Darfur, peak oil, South Sudan, South Sudan oil production, Sudan, Sudan map, Sudan oil production
South Sudan became a thing in 2011. Much dispute. Oil exports now held up, China under pressure.
Industrialized Cyclist Notepad 
