TrivCap Energy Almanac

Iraq excludes Kurds from ambitious 2014 oil output target

2013-06-18T21:57:55Z

Iraq aims to ramp up oil production by nearly 45 percent by the end of next year – without any input from its autonomous Kurdistan region – which suggests a lasting compromise in their long-running oil feud may be a way off. Baghdad’s ambitious 4.5 million barrels per day (bpd) target specifically excludes output from [...]

Did Global Oil Consumption Slow in 2012?

2013-06-18T21:56:06Z

I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The correct phrasing — which practically nobody uses — is “Presumed innocent until proven guilty.” Yet nearly everyone says that a person is innocent until proven [...]

To power up or power down? That is the question

2013-06-18T13:48:00Z

Recently I read that our challenge in the twenty-first century is to triple global energy demand “so that the world’s poorest can enjoy modern living standards, while reducing our carbon emissions from energy production to zero”.

Former Soviet Union crude oil exports declined by 5.5 % in last 2 years

2013-06-18T13:26:00Z

Russia is at its 2nd and last oil peak. The easy oil is gone. The FSU export peak comes ahead of the production peak.

China takes cautious step toward carbon trading

2013-06-18T10:17:40Z

China launched its first pilot carbon emissions exchange on Tuesday, though plans for a nationwide rollout and efforts to apply the scheme to some polluting heavy industries could be undermined by a slowdown in the world’s No.2 economy. High-emission industries such as aluminum and steel are likely to resist higher costs as they are already [...]

Did Israel Attack Syria Again?

2013-06-18T10:16:25Z

The IDF is refusing to comment on reports that Israel attacked the Al-Miza military airbase near Damascus last night, which if true could lead to a Syrian response and a massive escalation of the 27 month conflict. Image: Wikimedia Commons A Syrian television station sympathetic to anti-Assad rebels reported that Israel was responsible for the [...]

The American Oil & Gas Industry Is Rescuing The Obama Economy

2013-06-18T10:11:21Z

In Comeback: America’s New Economic Boom, author Charles Morris refers to “the new X-factor, the American energy advantage.” The “game changer”—shale oil and gas technology and production—has put the United States and Canada in the world’s leading economic saddle. An Oil Pump in western North Dakota (Photo credit: Wikipedia) Noted expert Daniel Yergin concurs. “Abundant [...]

Americans Exporting More Oil First Time Since ’70s

2013-06-18T10:09:34Z

The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fracturing are leading to record production that may outstrip refinery capacity within 18 months to three years, said Benjamin Salisbury, a senior [...]

75-Year Pemex Oil Monopoly to End This Year

2013-06-18T10:08:20Z

Mexican President Enrique Pena Nieto said he’s confident Congress will end the state oil monopoly this year, opening the way for companies such as Exxon Mobil Corp. and Royal Dutch Shell Plc (RDSA) to tap the nation’s reserves. In the model envisioned by Pena Nieto, state-owned Petroleos Mexicanos would develop some fields, while others are [...]

Energy Export Databrowser Updated to BP 2013 data

2013-06-18T10:06:35Z

The Energy Export Databrowser has been updated to the latest version of the BP Statistical Review. A few charts are provided below the fold that help illuminate the following stories evident in the data: The US is less reliant on imports from across the globe UK energy production from all sources continues its decline Brazil [...]

Energy Export Databrowser Updated to BP 2013 data

2013-06-18T06:31:56Z

The US is less reliant on imports from across the globe
UK energy production from all sources continues its decline
Brazil is unlikely to become a major oil exporter

The databrowser is available in the following languages:

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Happy Exploring!

A few of the stories found in the data include:

1) The US is less reliant on imports from across the globe

North American oil production (including natural gas liquids) is up while consumption is steady, leading to reduced imports from overseas. Individual components include

Increased production of Canadian tar sands.
Increased production of US tight oil and gas.
Minimal declines in Mexican oil fields.
Reduced consumption in the US.

2) UK energy production from all sources continues its decline

Excluding alternative fuels, the United Kingdom now produces only 40% of the energy it did in 2000. This is energy poverty on a national scale!

3) Brazil is unlikely to become a major oil exporter
Despite the hoopla a few years a go about Brazil’s offshore, sub-salt discoveries, Brazil looks unlikely to become an oil exporter any time soon.

Entropia: Life Beyond Industrial Civilisation

2013-06-17T22:15:33Z

Samuel Alexander, from the Simplicity Institute, Australia, just published, “Entropia: Life Beyond Industrial Civilisation”, which is a fictional account of a post-carbon ‘utopia of sufficiency’ that emerges on the other side of civilisation’s demise. However grim the world looks, it is important to try to envision a better future. More info below: “Entropia is a [...]

The “Green” Line

2013-06-17T22:15:31Z

The recent release of the UN World Population Prospects: The 2012 Revision contains some sobering reading. The global population projection for 2050 has been revised up from 9.3 to 9.6 billion and for 2100 from 10.1 to 10.9 billion. The reason is that fertility levels in a number of developing countries, particularly those in Sub-Saharan [...]

“All of the Above” Energy Policy Must Be Weighted by Common Sense

2013-06-17T22:14:23Z

“All of the Above” is just a cliché if not tempered by an appreciation of the strengths and weaknesses of different energy sources, and a standard basis of comparison. Renewable energy is gaining market share, but fossil fuels–especially oil and gas–will play crucial roles in the energy mix for decades. Last month, Real Clear Politics [...]

Additional Iranian Oil Sanctions May Be Counterproductive

2013-06-17T22:12:27Z

A June 6, 2013, article from Reuters is titled, “Lawmakers in new drive to slash Iran’s oil sales to a trickle.” According to it, U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran’s diminishing oil exports, and while they are still working out the details, analysts say the ultimate goal [...]

Different Peak Oil Denial Nonsense Is Still Nonsense

2013-06-17T22:11:15Z

Some day (soon, I hope) audiences for whom peak oil denial nonsense is intended will ask themselves: what are the reasons—and supporting evidence—for these kinds of assertions? Good to have dreams, I say. (While they’re at it, audiences can also ask the same re: NRA-paranoid crazy statements and the idiotic pronouncements on a wide range [...]

US and the Middle East

2013-06-17T22:08:37Z

Of all the mistakes the US can make about an especially turbulent Middle East, one should be especially easy to describe and avoid. The mistake is to assume that a surge in production of oil and gas from unconventional resources in North America means the US has diminishing reason to worry about Middle Eastern affairs. [...]

Unconventional oil, gas continues to change US energy landscape

2013-06-17T22:07:54Z

While unconventional oil and gas technology breakthroughs have dramatically changed the US oil and gas outlook in the last 5 years, US Sec. of Energy Ernest Moniz said it will be important to recognize and continue progress in other forms of energy as well. “The energy security problems of many of our allies could become [...]

The End Of OPEC

2013-06-17T22:06:51Z

Saudi Arabian oil fields are drying up at a rapid pace, and the world isn’t quite ready for the end of “Old Oil.” Now, this hasn’t been very well publicized, for good reason. The fall of OPEC could lead to further instability in a region already facing considerable unrest. In fact, the biggest worry comes [...]

Peak oil review - June 17

2013-06-17T16:02:00Z

A weekly update including: Oil and the Global Economy, The Middle East North Africa, China, Quote of the Week, The Briefs

TrivCap Energy Almanac

Iraq excludes Kurds from ambitious 2014 oil output target

Did Global Oil Consumption Slow in 2012?

To power up or power down? That is the question

Former Soviet Union crude oil exports declined by 5.5 % in last 2 years

China takes cautious step toward carbon trading

Did Israel Attack Syria Again?

The American Oil & Gas Industry Is Rescuing The Obama Economy

Americans Exporting More Oil First Time Since ’70s

75-Year Pemex Oil Monopoly to End This Year

Energy Export Databrowser Updated to BP 2013 data

Energy Export Databrowser Updated to BP 2013 data

1) The US is less reliant on imports from across the globe

2) UK energy production from all sources continues its decline

3) Brazil is unlikely to become a major oil exporter Despite the hoopla a few years a go about Brazil’s offshore, sub-salt discoveries, Brazil looks unlikely to become an oil exporter any time soon.

Entropia: Life Beyond Industrial Civilisation

The “Green” Line

“All of the Above” Energy Policy Must Be Weighted by Common Sense

Additional Iranian Oil Sanctions May Be Counterproductive

Different Peak Oil Denial Nonsense Is Still Nonsense

US and the Middle East

Unconventional oil, gas continues to change US energy landscape

The End Of OPEC

Peak oil review - June 17

3) Brazil is unlikely to become a major oil exporter
Despite the hoopla a few years a go about Brazil’s offshore, sub-salt discoveries, Brazil looks unlikely to become an oil exporter any time soon.