Filed under: maps, Uncategorized | Tags: congressional research service, CRS, energy, petroleum, strategic petroleum reserve
(Congressional Research Service)
(Strategic Petroleum Reserve)
Via http://www.fas.org/sgp/crs/misc/R42460.pdf
click to enlarge
I believe they reversed or will reverse the Seaway.
Filed under: Uncategorized | Tags: energy, Iran, Iran oil exports, Iran oil production, Iran oil trade, Iran sanctions, Pakistan, petroleum, sanctions
First one’s free. Yeah.. If you like it, you know where to find me. Tell your friends.
“It is only an initial offer of 80,000 barrels on deferred payment at the moment,” Irfan Qazi, a spokesman for Pakistan’s Ministry of Petroleum and Natural Resources, told Reuters.
via Iran offers Pakistan 80,000 bpd of oil – official | Reuters.
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: 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: Benzene, broken pipeline, denver, energy, oil sands, peak oil, petroleum, Platte River, refinery, Sand Creek, Suncor, toxic leak
From a new article by Bruce Finley in the Denver Post.
Yes, this is Denver drinking water. They don’t even know where the leak is.
Filed under: Uncategorized | Tags: API, Canada, consumption, energy, fracking, imports, oil imports, oil sands, peak oil, petroleum, tar sands
…show US, though producing more and consuming less, still importing over 11 mbd in 2011, with just over 2 mbd from Canada.
Via Oil & Gas Journal.
click to enlarge
Filed under: Uncategorized | Tags: consumption, energy, energy consumption, energy demand, IEA, International Energy Agency, oil demand, Peak Demand, peak oil, petroleum
IEA forecasts flat global oil demand for 2012.
http://www.rigzone.com/news/article.asp?a_id=114374&hmpn=1
Filed under: Uncategorized | Tags: China, exports, Geithner, Iran, Iran sanctions, oil imports, petroleum
The terms of the sanctions set arbitrarily by US govt. Could see this coming from the cheap seats.
http://www.nytimes.com/2012/01/12/world/asia/china-balks-as-geithner-presses-on-iran-curbs.html
And let’s just keep this little bit handy —
Filed under: maps | Tags: exploration, Iraqi civil war, Kirkuk, kurdistan, Kurds, Natural gas, oil, petroleum, Shamaran Petroleum
High-res pdf from Shamaran Petroleum.
Added to the I.C. Energy & Transport Page.
Filed under: maps, Uncategorized | Tags: energy, New Zealand, oil spill, petroleum, Rena, tanker, transport
“The wreck of the Greek-owned Rena was described as New Zealand’s worst maritime environmental disaster even before the rear section of the ship, lashed by pounding seas, broke away yesterday. The ship has already spilled heavy fuel oil that fouled pristine North Island beaches and killed up to 20,000 seabirds, and despite salvage efforts nearly 400 tonnes of oil remain onboard.”
via New Zealand braces for oil spill as Rena splits on reef | The Australian
Filed under: Uncategorized | Tags: crude oil, depletion, IEA, oil predictions, peak oil, petroleum, production, Rech
Q: What do you foresee? Let’s begin with the non-OPEC producers (which represent 58% of production and 23% of global reserves).
Rech: Outside OPEC, things are clear: of 40 million barrels per day (mb/d) of conventional petroleum extracted from existing fields, we face an annual decline on the order of 1 to 2 mb/d.
via Oil will decline shortly after 2015, says former oil expert of International Energy Agency | Oil Man.
Roughly 5% annual decline in conventional supply ongoing.
Filed under: maps, Uncategorized | Tags: exports, James Hamilton, petroleum, pipelines, product pipelines, Suncor, transport, transportation, United States
click to enlarge
The blue lines are product pipelines. Greens are oil and reds are gas.
From this James Hamilton post on the petroleum product net export situation.
…in the U.S. Down to 18.5 million barrels per day.
WEEKLY PETROLEUM SUMMARY FOR WEEK ENDING DEC. 16 — EIA http://ir.eia.gov/wpsr/wpsrsummary.pdf
“Total products supplied over the last four-week period have averaged nearly 18.5 million barrels per day, down by 5.8 percent compared to the similar period last year. Over the last four weeks, motor gasoline product supplied has averaged 8.7 million barrels per day, down by 4.7 percent from the same period last year.”
Filed under: Uncategorized | Tags: crude plus condensate, Jeffrey Brown, oil production, peak oil, petroleum, production prediction, westtexas, Yergin
Chart by Jeffrey Brown (aka “westtexas”).
Filed under: maps, Uncategorized | Tags: embargo, exports, Iran, oil, OPEC, petroleum, production
Iran – Analysis – U.S. Energy Information Administration (EIA).
Filed under: Uncategorized | Tags: exports, gas prices, Iran, oil, oil supply, OPEC, petroleum, Senate, war
Iran Faces Oil Curbs as U.S. Targets Central Bank While EU Adds Sanctions – Bloomberg.
I don’t know if these guys realize. Iran produces a lot of oil, and exports about 2.2 million barrels per day. This is a very strange/interesting development. “Choking off” Iranian exports will not only send prices to the stratosphere here, but could also cause very serious supply disruptions around the world, gas lines, rationing, general chaos. Now why would they want to do that?
Industrialized Cyclist Notepad 