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Wednesday, October 31, 2007

Presentations from the ASPO* USA Conference

Take some time after your busy day and read these presentations from respected people in oil business, science and politics - Read about the topic of peak oil:

2007 Houston World Oil Conference: http://www.aspousa.org/proceedings/houston/presentations/

*) ASPO - Association of the Study of Peak Oil

CNN talks about Peak Oil --- Again!

On March 18, 2006, CNN has hosted a show on the topic of Energy: CNN Presents - ''We Were Warned Tommorrow's Oil Crisis'' . This presentation revealed the vulnerability in regards to energy security in the US.

Now, October 30, 2007, CNN reports about the topic of peak oil and is quoting experts* who claim the world crude oil production has already peaked and any crude oil disruption will create a supply disruption and this might trigger an energy crisis - Today. Tomorrow seems to be Today now!

CNN Report: 'World at peak oil output'

(http://edition.cnn.com/2007/BUSINESS/10/24/oil.decline)


*) Experts from the Energy Watch Group in Germany. You can read the entire October 2007 report at:

http://www.energywatchgroup.org/fileadmin/global/pdf/EWG_Oilreport_10-2007.pdf

Tuesday, October 30, 2007

What are Petro Dollars ?

United Emirates of Arabia Oil Revenue Per Year: 5,000,000 million barrels per day * 360 days * 80 dollars oil price = 144,000,000,000 USD = 144 billion US dollars in one year.

144 billion US dollars per year, that is 400 million US dollars per day in revenue that the United Emirates of Arabia earns revenue from crude oil production. What are they doing with all that money? Discover these astonishing projects in Dubai:


Palm Jebel Ali (PJA) and Dubai Waterfront (DWF)

http://www.ssqq.com/archive/vinlin23dubai.htm

http://archive.gulfnews.com/megaprojects/index.html

Friday, October 26, 2007

News Agency Reuters Speaks the Language of Peak Oil

Before you read this article, consider that the USA imports around 1 million barrels of oil from the Mexican Cantarell Oil field per day. That is around 5% of the US oil consumption per day. Now, this oil field is in serious decline and there are no other oil fields which cover these oil production losses. Reuters now speaks a clear peak oil language for the Cantarell Oil FIeld. Oil prices exceeded $91 toady again and it is obvious that we see the effects of peak oil world wide. It is not the time of debating or questions. It is the time for answers.

Mexico's Cantarell oil output recovers in Sept
Reuters - USA
MEXICO CITY, Oct 26 (Reuters) - Crude oil output from Mexico's declining Cantarell offshore field recovered to 1.461 million barrels per day in September ...


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Thursday, October 18, 2007

Will People Ever Know About Peak Oil ?

Seattle, October 17, 2007. I don't believe the public will ever learn about the peak oil phenomenon or understand the concept. The reason is that tensions in the world politics are tightening, things are getting uglier and will escalate, a war might break out between some countries, spread, and actual day-to-day problems will consume all attention the public can show. There might just not be enough time for the people to analyze how we got into this mess.
 
One day, history will be written and we might ask ourselves how this all could have happened and who is to blame for world war III. It might always remain the big mystery of their life for most of the people and different reasons for the decline of this great civil system will be found.
 
Sounds exaggerated? Read the following article on Bloomberg:
 

Burned Out - Ausgebrannt - A Thriller about Peak Oil

Seattle, October 17, 2007: Do you want to know how the world could look like in a couple of months, maybe years? Andreas Eschbach has written a thrilling book about a world with oil becoming scarcer and scarcer, and costlier and costlier.

When you read this book, or if you listen to the great audio tape, you will get introduced to very personal effects peak oil has on the characters in the book. Markus Westermann plays the main character in this thriller. He moves from Germany to the United States to start a new life. He works at a huge software company but he is not staying long at this software company because he meets Block who claims to know how to discover new oil fields. And there the adventure begins ...

The story is a based on extremly well researched information and tells in scary details how the world oil market, politics and geological facts work all together to leave us with this devastating situation of peak oil. This book is a must-read!

Ausgebrannt Andreas Eschbach, Schriftsteller
Andreas Eschbach, Ausgebrannt - Burned Out

Read a review on Energy Bulletin
Watch a video on Google Video
Read a blog on Peakoil.Blospot

Order the book at Amazon
Order the audio tape at Amazon.

Exxon Mobil and Chevron is paying for your gas at the pump

Los Angeles Oct. 17, 2007. Thank you Exxon Mobil, thank you Chevron, thank you Valero Oil Refinery for taking up the slack between the gas prices at the pump and the real price for gas. Have you ever wondered why the same gas price at the pump has not changed significantly over the last year while at the same time the price for crude oil has increased by around 40% since January this year?

All these billions of dollars, oil companies make in the business of oil production (upstream) due to high crude oil prices are now spent on subisdy funds (price subsidies) for crude oil refineries (downstream) to keep the gas priceses at the pump low - all that for you the consumer, so you would not see the real impact of peak oil.

As a consequence oil refineries and oil companies involved in the downstream business (oil refining) report a profit warning for the 3rd quarter of 2007:

Read about Exxon Mobil's Profit Warning on International Haralb Tribune.
Read about Chevron's Profit Warnings on Marketwatch.com.

Conventional Regular Gasoline Prices Graph. NYMEX Crude Oil Near-Month Futures Contract Prices Hit Record Highs

Figure 1 depicts a gasoline pump divided into segments of what we pay for in a gallon of gasoline at the pump. The pump on the left is for year 2004: 12% goes for distribution & marketing; 18% goes for refining costs & profits; 23% is for Federal & State taxes; and 47% is for the crude oil, itself. The gasoline pump on the right for 2005 shows 9% for distribution & marketing; 19% for refining costs & profits; 19% for Federal & State taxes; and 53% for the cost of crude oil, itself. For more information, contact the National Energy Information Center at 202-586-8800.

Thursday, October 11, 2007

The Peak Freak - A Peak Moment Experience

Jenna Orkin is Co-Founder of World Trade Center Environmental Organization and mother of a 17-year-old boy who was a student at Stuyvesant High School four blocks north of Ground Zero on September 11. Jenna learned about Peak Oil in 2002 and she published this touching testimony about her own Peak Moment Experience (PME):
http://www.wtceo.org/wtcenvironmentalorganizationpeakfreakpeakoil.htm



Further information about and from Jenna:
Jenna is actively involved at http://www.petrocollapse.org/
Jenna wrote an article about the Petrocollapse Conference: http://www.energybulletin.net/8457.html
Jenna also started the following blog: http://mikeruppert.blogspot.com/

The U.S. Department of Energy provides Educational Peak Oil Poster

"All about Oil and Gas", this is how the Guy Caruso, head of the U.S. Department of Energy in 2005 titled a series of 10 educational posers, which are available for download as pdf files. One of these posters is called " Peak Oil - the Turning Point". The poster is very informative and lists the basic facts about peak oil. However, the Energy Information Agency (EIA) states that they believe that the peak in world in oil production is decades away although the poster also shows forecasts by respected authorities in the field of energy, which claim that the peak is just years away or is even happening right now.*)

So, although somewhat confusing in terms of the actual peaking time, it is remarkable that the U.S. Government comments on the topic of peak oil, and more importantly agrees with the fact of peak oil.

You can download the peak oil poster here and the entire selection of 10 posters about energy can be viewed here.

*) Also compare the EIA report of 2007, which gives very different picture of the peak oil event.

Wednesday, October 10, 2007

Economic Impact of Peak Oil - What If ...?

Have you ever asked your self what would happen if you cannot get to work because there is no fuel to fill the tank of your car or if your phone company is not able to maintain their phone line networks because they are not able to drive the maintanance team to the phone lines that broke after a storm in your area? Have you ever asked your self what would happen if crude oil was not freely available anymore?

Gail Tverberg is working on a booklet on the topic of peak oil consequences, which can be found at http://gailtheactuary.wordpress.com/. Gail posted some of her answers to peak oil impacts on the economy, which could guide you in your personal actions regarding the peak oil event and shape your peak moments.

*) GailTheActuary's real name is Gail Tverberg. She has a M. S. from the University of Illinois in Mathematics, is a Fellow of the Casualty Actuarial Society, and is a Member of the American Academy of Actuaries. You can read more about Gail at her page at worldpress.com: http://gailtheactuary.wordpress.com/about . Gail hosts also a meeting group at oilawareness.meetup.com/67/members/2199059/.

You can read Gail's three parts of the Economic Impact of Peak Oil on The Oil Drum pages:

Part I: http://www.theoildrum.com/node/2977
Part II: http://www.theoildrum.com/node/2983
Part III: http://www.theoildrum.com/node/2984

Thursday, October 4, 2007

Video about an Introduction of Peak Oil by M. King Huppert

Watch a video of M. King Huppert explaining peak oil and compare it with the current world events. The evidence of peak oil is obvious and fossil fuel in human history seems to be a blink in time:

Click on this link: http://peristaltor.livejournal.com/54865.html

Tuesday, October 2, 2007

Crude Oil Alerts - October 02 2007

Here are some of my best weekly reads about the world's crude oil situation, which I would like to share. They give a good picture of where peak oil is today and how to determine when peak oil production has or will actually happen depending on the method of calculation the date, the definition which crude oil is taken into account (light sweet, heavy, tar sand).

AlterNet - Hindu News
The theories for predicting timing of peak oil, despite using different methodologies, have arrived at remarkably similar conclusions. Whether peak oil occurred in 2006 or will occur in 2010, what is certain is a shoot-up in prices, given the enormous appetite for energy in China and India, say RAM VENKATACHALAM and SHANMUGANATHAN N.

How to Address Humanity's Global Crises? Challenge Corporate Power ...
AlterNet - San Francisco,CA,USA
Editor's note: the following remarks were made this September at a conference on "Confronting the Global Triple Crisis -- Climate Change, Peak Oil, ...

The Peak Oil Crisis: Has the Media Become the Message?
Falls Church News Press - Falls Church,VA,USA
Last week, the world peak oil conference in Ireland, heard that the best available data now suggests there may only be about 250 billion barrels of oil left ...

UPDATE: The Shift To Alternative Fuels Is Moving Beyond Ethanol
CNNMoney.com - USA
Global demand for oil is increasing exponentially and supplies are dwindling, and whether you subscribe to the " Peak Oil" theory or not, the bottom line is ...

Shut up about the deckchairs!
New Statesman - London,England,UK
Within the peak oil community, the experience of realising this very simple but paradigm-altering truth is coming to be called 'peak moments'. ...

Is the US oil resource running out?
Commodity Online - Kochi,Kerala,India
By Edward Tapamor If we think of peak oil as a subject in itself, rather than a subset of general discourse about oil and energy, then we can see it has ...

Russia is far from oil's peak
Asia Times Online - Kowloon,Hong Kong
"Peak Oil" is not our problem. Politics is. Big Oil wants to sustain high oil prices. US Vice President Dick Cheney and friends are all too willing to ...

BLOGS ALERTS

To Grandmother's House We Go: Peak Oil Is Here
By aotearoan
I have intentionally paraphrased this wonderful Christmas song because it has much to say about the future after peak oil which I am now ready to say has already happened. As energy declines, we will indeed go to our grandmother's ...

Free Peak Oil Lecture Online Tomorrow - Tuesday October 2.
By david
If you are interested in learning more about Peak Oil and it's consequences, you might want to check out this free online lecture from Steve Andrews, Co-Founder of the American Association for the Study of Peak Oil. ...

Peak Oil Review - October 1st, 2007
Tom Whipple, ASPO-USA. An executive summary of weekly news from a peak oil perspective, featuring: - Production and Prices - The Falling Dollar - Venezuela - Energy Briefs.
EnergyBulletin.net Latest News - http://www.energybulletin.net

Economic Impact of Peak Oil Part 3: What's Ahead?
By Gail the Actuary
A little more squeeze in oil availability, or a sharp drop in the value of the dollar, or even widespread knowledge of the likelihood of peak oil and its effects could further destabilize the debt market. ...
The Oil Drum - Discussions about... - http://www.theoildrum.com

Peak-oil - The Turning Point
By James Fraser
Peak Oil - The Turning Point, a poster, is available as a pdf download from the Department of Energy. It is an interesting commentary on peak oil , including a very brief explanation of Hubbert's theory and the various predictions of ...
The Energy Blog - http://thefraserdomain.typepad.com/energy/

Monday, October 1, 2007

Can it be any clearer?

Oil fields do decline! And only very few new oil field discoveries have been made worldwide. David Pauly from Bloomberg News comments on the new development amongst the big oil companies and the notion of peak oil:

Bloomberg on Slow Liquidation of World Oil Industry

Welcome to the Crude-Oil-Alerts Blog!

You might have heard: oil is a finite resource. So, it will run out one day. But before that happens crude oil production rates will decline and world oil supply is at risk. Some say peak production is already at hand and the curde oil markets are out of control. The goal of this blog is to provide the most comprehensive and updated platform on the topic of peak oil.

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