Tag Archives: oil production

What the new 2011 EIA oil supply data shows

Posted on April 9, 2012 by Gail Tverberg

The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some views as to where this leads with respect to future production. … Continue reading →

Posted in Oil and Its Future | Tagged , , , , , , , | 78 Comments

Why oil prices are so high: Production shortfall, Iran concerns, and low interest rates

Posted on February 26, 2012 by Gail Tverberg

Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: “Stalled out” growth in world oil supply Concerns about Iran Artificially low interest rates Stalled Out Oil Supply Leads to Five Million … Continue reading →

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Businessweek Gets it Wrong—Everything You Know About Peak Oil is ‘Not’ Wrong

Posted on February 6, 2012 by Gail Tverberg

On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, “Everything You Know About Peak Oil Is Wrong”. This editorial reflects several common misunderstandings. According to Kenny: Titled Limits to Growth, their report suggested the world was heading … Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , , , , , , , , | 139 Comments

Saudi Arabia – Headed for a Downfall?

Posted on December 5, 2011 by Gail Tverberg

Saudi Arabia recently announced that it had halted a $100 billion oil production expansion plan to raise capacity to 15 million barrels a day by 2020. At this point, the country claims to have capacity of 12 million barrels a day. What … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , | 30 Comments

Kidding ourselves about future MENA oil production

Posted on October 19, 2011 by Gail Tverberg

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA [Middle East and North African] countries. There … Continue reading →

Posted in Food issues, News Related Post, Oil and Its Future | Tagged , , , , , , | 57 Comments