What’s happened to Peak Oil since Peak Oil….

2 10 2018

The latest news that Mexico has this month switched from being a net oil exporter to a net oil importer prompted me to do some more research on what stage we all are with Peak Oil…….  and as expected, the news are not good. Since the peak of conventional oil in 2005, ALL the major producing nations except for Iraq and the US have been producing less and less in real terms, and let’s face it, half the US’ production is unviable shale oil which since the GFC has lost the oil industry $280 billion and counting…..

Meanwhile, pundits on TV are expressing disbelief at how the price of fuel is skyrocketing in Australia (with our dollar struggling to remain above $US0.70) while oil is simultaneously surging under all sorts of pressures.

Crude_prod_changes_2005-May_2018Fig 2: Crude production changes between 2005 and 2018 by country

Group A
Countries where average oil production Jan-May 2018 was lower than the average in 2005. At the bottom is Mexico with the highest rate of decline. This group started to peak in 1997, entering a long bumpy production plateau at around 25 mb/d, ending – you guessed it – in 2005. This is down now to 16 mb/d, a decline of 700 kb/d pa (-2.8% pa).

Decline-group_1994-May2018Fig 3: Group A countries

Group B

Countries where average oil production Jan-May 2018 was higher than the average in 2005. At the top of the stack are Iraq and the US, where growth was highest. Group B compensated for the decline in group A and provided for growth above the red dashed line in Fig 1.
The 2018 data have not been seasonally adjusted.
In group B we have a subgroup of countries which peaked after 2005

Crude_post-2005-peaking_1994-May2018Fig 4: Countries peaking after 2005

A production plateau above 7 mb/d lasted for 6 years between 2010 and 2016. The average was 7.1 mb/d, around +1.8 mb/d higher than in 2005. Another country in this subgroup is China, here shown separately because of its importance and consequences.

Cumulative_crude_prod_changes_2005-May_2018Fig 13: Cumulative crude production changes since 2005

This is a cumulative curve of Fig 2 with changes in ascending order (from negative to positive). On the left, declining production from group A adds up to -9 mb/d (column at Ecuador). Then moving to the right, countries with growing production reduce the cumulative (still negative) until the system is in balance (column at Canada). Only Iraq and the US provide for growth.

According to Crude Oil Peak, where all the above charts came from, the only viable conclusion is…..:

Assuming that the balancing act between declining and growing countries continues (from Mexico through to Canada) the whole system will peak when the US shale oil peaks (in the Permian) as a result of geology or other factors and/or lack of finance in the next credit crunch and when Iraq peaks due to social unrest or other military confrontation in the oil producing Basra region. There are added risks from continuing disruptions in Nigeria and Libya, steeper declines in Venezuela and the impact of sanctions on Iran.

Assuming that the balancing act between declining and growing countries continues (from Mexico through to Canada) the whole system will peak when the US shale oil peaks (in the Permian) as a result of geology or other factors and/or lack of finance in the next credit crunch and when Iraq peaks due to social unrest or other military confrontation in the oil producing Basra region. There are added risks from continuing disruptions in Nigeria and Libya, steeper declines in Venezuela and the impact of sanctions on Iran.

To top it off, here’s a video clip of this guy I’ve never heard of before but which, whilst not peak oil specific, seems on the money to me…….

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Harquebus’ latest newsletter….

30 06 2016

Howdy all.

The state and quality of main stream journalism (MSJ), including that at our own ABC and despite what they might think of themselves, has deteriorated to the point of being totally useless. Instead of news, we get stories about cats in schools, fanfares about stupid celebrities making stupid remarks and any other triviality that might distract their audiences from the real world and the little that does resemble credible news, is either government propaganda, incomplete, misleading or a combination of all three. The credibility of MSJ is now non existent.

The collapse of Venezuela, shattered climate records, the release of Arctic methane and CO2, unsustainable global debt, Bilderberg meetings and the sixth mass extinction event currently under way are never mentioned. Our environment continues to be destroyed, the oceans polluted and fished to exhaustion, finite resources are wasted on corporate profits while poverty and overcrowding due to unsustainable population growth continue unabated and the fault lies squarely with MSJ which, has failed to hold those responsible to account.
Tony Jones, Australia’s most popular TV journalist, is the worst of the lot. For decades he has reveled in his popularity while all that sustains us is destroyed in the pursuit of growth and profit. He and his MSJ peers must change or we can kiss our sorry little behinds goodbye and if they think that they and theirs are somehow going to be exempt from the bloody mess that will inevitably befall us then, they are even more stupid than the ignorant fools who govern us.
Aussie journalists are only slightly more trustworthy than the corporate bought and paid for politicians that they serve. How proud they must be.

https://au.finance.yahoo.com/news/top-10-most-untrustworthy-aussie-professions-050959497.html

“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.” — Mark Twain Here is my usual list of links which, also proves my point.

Cheers.

———————————

“As the economy unwinds, doctors are now stealing hospital food to feed their families.”
http://www.naturalnews.com/054383_Venezuela_starvation_food_shortage.html
“”We want food!” Looting and riots rock Venezuela daily”
http://www.reuters.com/article/us-venezuela-looting-idUSKCN0YY0IR
“With delivery trucks under constant attack, the nation’s food is now transported under armed guard. Soldiers stand watch over bakeries. The police fire rubber bullets at desperate mobs storming grocery stores, pharmacies and butcher shops. A 4-year-old girl was shot to death as street gangs fought over food.”
http://www.nytimes.com/2016/06/20/world/americas/venezuelans-ransack-stores-as-hunger-stalks-crumbling-nation.html

“Half of the world has passed the point of maximum energy consumption. This point is marked by large scale economic crisis. Asia Pacific is approaching that point now.”

http://wakeup.stubbornbull.com.au/the-environment/industrial-issues/have-we-reached-peak-oil/

Trans-Pacific Partnership will barely benefit Australia, says World Bank report”
The average Australian worker will not benefit in any way shape or form from this agreement.”
http://wakeup.stubbornbull.com.au/society/financial-system/trans-pacific-partnership-ttp-what-is-it/

“The EPA states that methane is a greenhouse gas that could have 25 times the impact of carbon dioxide over the next century.”
http://www.businessinsider.com/russian-exploding-permafrost-methane-craters-global-warming-2016-6

“The melting of the permafrost represents one of humanity’s greatest fears for it contains vast amounts of methane, a greenhouse gas much more potent than carbon dioxide.”
http://www.independent.co.uk/environment/gateway-to-the-underworld-siberia-batagaika-siberia-russia-permafrost-melting-a7063936.html
“we are now experiencing the highest level of relative and absolute global inequality at any point in human history.”
“the 21st Century will be a new dark age of luxury for a few and barbaric suffering for most. ”
http://www.greanvillepost.com/2016/06/07/planetary-crisis-we-are-not-all-in-this-together/
“the UN warns bluntly that world population, now well over seven billion ‘has reached a stage where the amount of resources needed to sustain it exceeds what is available
http://churchandstate.org.uk/2016/06/there-are-not-enough-resources-to-support-the-worlds-population/
“Mexico’s wells are running dry.
You would almost not know if you took your news from television or the mainstream media. It is like a closely guarded secret — the aunt in the attic.”
http://peaksurfer.blogspot.com.au/2016/06/the-aunt-in-attic.html

“We have forgotten the lessons of the 1760s, 1850s, and 1920s. We have let Economic Royalists hijack our democracy, and turn our economy into their money machine. Now the middle class is evaporating, infrastructure is crumbling, and pressure is reaching a breaking point. Anti-establishment candidates are on the rise, and no one knows how things will turn out.”
http://evonomics.com/trump-phenomenon-is-a-sign-of-oligarchy/

“Australian scientists report that many surviving corals affected by mass bleaching from high sea temperatures on the northern Great Barrier Reef are the sickest they have ever seen.
http://www.eurekalert.org/pub_releases/2016-06/acoe-hsc062016.php

“In 2009, Obama promised to help “rid the world of nuclear weapons” and was awarded the Nobel Peace Prize. No American president has built more nuclear warheads than Obama.”
https://newmatilda.com/2016/05/30/silencing-america-as-it-prepares-for-war-john-pilger/

“Thus, if tomorrow a war were to break out between the US and Russia, it is guaranteed that the US would be obliterated.”
“If attacked, Russia will not back down; she will retaliate, and she will utterly annihilate the United States.”
http://www.paulcraigroberts.org/2016/06/03/41522/

“Whether we believe that innovation and technology ultimately make the world better or worse, there is now overwhelming evidence that they are unsustainable in any case. Between economic over-extension, energy over-dependence, and the ruination of our atmosphere and other environments by our civilization and its technologies, it is now almost inevitable that we will soon see a collapse that will make the Great Depression, and perhaps even the five previous great extinctions of life on Earth, look like nothing.
“Modern technology requires cheap energy, and, notwithstanding the recent power games between the US and Russia temporarily and artificially driving down oil prices, we are quickly running out of it.”
http://howtosavetheworld.ca/2016/06/06/technologys-false-hope-and-the-wisdom-of-crows-repost/
“the evidence supports their theory that his death was in no possible way a suicide, as has been reported by police and the mainstream media.”
http://www.naturalnews.com/054302_Jeff_Bradstreet_murder_autism.html

“Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion .”
http://www.paulcraigroberts.org/2016/05/25/we-have-entered-the-looting-stage-of-capitalism-paul-craig-roberts/

“All references to climate change’s impact on World Heritage sites in Australia have been removed from a United Nations report.”
“Australia’s Department of the Environment requested that Unesco scrub these sections from the final version.”
http://www.bbc.com/news/world-australia-36376226

Peak oil mates, peak oil. Those that deny it do not understand it.
“when oil companies (and governments) talk about oil supply, they include all sorts of things that cannot be sold as oil on the world market including biofuels, refinery gains and natural gas plant liquids as well as lease condensate.”
“If what you’re selling cannot be sold on the world market as crude oil, then it’s not crude oil.”
http://oilprice.com/Energy/Energy-General/The-Condensate-Con-How-Real-Is-The-Oil-Glut.html

“You’d think this would be pretty big news.  The Prime Minister of one of the biggest economies in the world just made a presentation saying we are on the brink of collapse not only in Japan but worldwide and it was mostly swept under the rug.
“The same globalist elites who are orchestrating the coming collapse own all the major media companies.  They don’t want Joe the Plumber and main street to get an inkling that something is wrong until it is too late… just like in 2008.”
https://www.dollarvigilante.com/blog/2016/06/01/now-japanese-prime-minister-abe-predicts-global-economic-catastrophe-imminent.html

“Neoliberalism hasn’t delivered economic growth – it has only made a few people a lot better off.”
http://www.theguardian.com/commentisfree/2016/may/31/witnessing-death-neoliberalism-imf-economists
“Ocean plastic has turned up literally everywhere. It has been found in the deep sea and buried in Arctic ice. It has been ingested with dire consequences by some 700 species of marine wildlife.”
http://news.nationalgeographic.com/news/2015/02/150212-ocean-debris-plastic-garbage-patches-science/
“inflate another bubble. In other words, do more of what failed spectacularly.
This process of doing more of what failed spectacularly appears sustainable for a time, but this superficial success masks the underlying dynamic of diminishing returns:”
http://www.oftwominds.com/blogjune16/collapse6-16.html
“If our leaders had made better decisions since the last crisis, things could have turned out differently.  But instead, they continued to conduct business as usual, and now we will reap what they have sown.”
http://theeconomiccollapseblog.com/archives/worst-jobs-report-in-nearly-6-years-102-million-working-age-americans-do-not-have-jobs

“The high-profit, low-risk nature of environmental crime is matched by the low funds and uncertain priorities given to fighting it by many decision-takers.”
http://www.theguardian.com/environment/2016/jun/03/value-eco-crimes-soars-26-with-devastating-impacts-natural-world

“That $1.3 trillion bubble was enough to bring down several major banks and cause cascading damage across the global financial system.
Today’s bubble is EIGHT TIMES the size of the last one”
https://www.sovereignman.com/trends/this-financial-bubble-is-8-times-bigger-than-the-2008-subprime-crisis-19590/

“The Arctic is on track to be free of sea ice this year or next for the first time in more than 100,000 years”
“Scientists have monitored greenhouse gas methane – once frozen on the sea bed – bubbling up to the surface at an alarming rate.”
“We’re on a runaway train, scientists are blowing the whistle, but politicians are still shovelling coal into the engine.”
http://www.independent.co.uk/environment/climate-change/arctic-could-become-ice-free-for-first-time-in-more-than-100000-years-claims-leading-scientist-a7065781.html

“A husband should be allowed to lightly beat his wife if she defies his commands and refuses to dress up as per his desires; turns down demand of intercourse without any religious excuse or does not take bath after intercourse or menstrual periods.”
http://www.shtfplan.com/headline-news/husbands-can-beat-their-wives-if-they-refuse-sex-according-to-islamic-council-of-clerics-and-scholars_06042016

“That has left economists and fund managers worried the unconventional measures are setting the stage for exactly what central banks are trying to prevent—another financial crisis.”
http://www.marketwatch.com/story/fund-managers-fear-central-banks-will-create-next-lehman-moment-2016-06-08

“Australia has amassed a huge pile of debt—over 120% of GDP—and most of it is mortgage debt on overvalued real estate. Now that Australia’s economy, which was driven by commodity exports to China, has tanked, a lot of this debt is being turned into interest-only loans, because Australians no longer have the money to repay any of the principal.”
“as conditions deteriorate further, the Australians will become unable to afford taxes and utilities.”
http://cluborlov.blogspot.com.au/2016/06/the-money-cult.html

“the internet has fallen into the hands of large corporations and governments and become the “world’s largest surveillance network”.”
http://www.theinquirer.net/inquirer/news/2460894/sir-tim-berners-lee-internet-has-become-world-s-largest-surveillance-network

“if you care to avoid vaporization and, assuming we do avoid it, live a life other than serfdom, you must wake up and realize that your most deadly enemy is Washington, not the hoax of “Russian aggression,” not the hoax of “Muslim terrorism,” not the hoax of “domestic extremism,” not the hoax of welfare bankrupting America, not the hoax of democracy voting away your wealth, which Wall Street and the corporations have already stolen and stuck in their pockets.”
http://www.paulcraigroberts.org/2016/06/09/where-do-matters-stand-paul-craig-roberts/

“We are heading into a very dark time…a time where technology will be used to enslave, not enlighten or uplift mankind.”
http://www.shtfplan.com/headline-news/economic-collapse-will-serve-one-purpose-global-governance-and-the-enslavement-of-mankind_06112016

“Its fast-growing stalk yields one of the strongest and most useful fibers known, used in superior paper, canvas, ropes, insulation, cardboard, clothing, shoes and plastic — plastic that is, by the way, biodegradable. This one plant can provide many of the products an industrial society needs, sustainably, while drastically reducing pollution, energy consumption, deforestation, fossil fuel use and providing income for millions of farmers”
“Both hemp and marijuana are cannabis plants. Hemp is cannabis sativa and marijuana is cannabis indica. So when regulators wanted to prevent people from getting high on cannabis indica, they criminalized cannabis, which included cannabis sativa, which made it illegal to use one of the most useful and sustainable crops the world has ever known.”
http://www.dailyimpact.net/2016/06/07/the-war-on-hemp/

“There is no such thing as sustainable agriculture. It does not exist.”
http://dark-mountain.net/blog/how-did-things-get-to-be-this-way/

“The economic reality, evident to anyone who isn’t a spin doctor for the Coalition or a journalist for The Australian, is that we have a weak economy, unable to finance our expected living standards.”
https://newmatilda.com/2016/06/06/australias-open-for-business-and-yet-incomes-are-down-and-were-basically-in-recession/

“The last station on Earth without a 400 parts per million (ppm) [CO2] reading has reached it.”
“That’s the first time it’s passed that level in 4 million years (no, that’s not a typo).”
“the planet as a whole has likely crossed the 400 ppm threshold permanently”
http://www.climatecentral.org/news/antarctica-co2-400-ppm-million-years-20451

“Seven climate records set so far in 2016”
https://www.theguardian.com/environment/2016/jun/17/seven-climate-records-set-so-far-in-2016

“What will corporations blame when they can’t use “tighter money supplies” as an excuse?”
http://imgur.com/bbwlZZF

———————————

Harry aka Harquebus
Salisbury North.
South Australia.
harrycebex@hotmail.com




Will it be enough….??

19 04 2015

Mark Cochrane

Mark Cochrane

Another guest post from resident climate scientist Mark Cochrane who asks “will it be enough?”

We are now in the build up period to the 21st Session of the Conference of the Parties (COP21/CMP11) to the United Nations Framework Convention on Climate Change (UNFCCC), otherwise known as “Paris 2015” from November 30th to December 11th. This conference will be critical, as it needs to achieve a new international agreement on the climate, applicable to all countries, with the aim of keeping global warming below 2°C. It follows on the debacle that was the Copenhagen Summit (COP 15) in 2009 where the whole thing dissolved in disarray when a weak statement, the “Copenhagen Accord” was rammed through by the US, China, India, Brazil and South Africa” to no effect. As weak as it was the US did not adopt it, choosing instead to officially “take note of” it, whatever that means. Courtesy of Edward Snowden, the world now knows that the US was spying on all of the other countries delegations and effectively scuttling any chance for meaningful accords arising from the Copenhagen Summit (link). To keep the public out of the debate we were treated to the fabricated spectacle of “Climategate” where hackers grabbed thousands of emails from climate researchers and selectively used bits and pieces out of context to spin the idea of a great conspiracy to mislead the public.

There have now been eight major investigations of the various allegations and published reports, finding no evidence of fraud or scientific misconduct (link) including:

House of Commons Science and Technology Committee (UK); Independent Climate Change Review (UK); International Science Assessment Panel (UK); Pennsylvania State University first panel and second panel (US); United States Environmental Protection Agency (US); Department of Commerce (US); National Science Foundation (US).

Despite this you will find the same false allegations spun by the same sources.

However, this time around there appears to be some movement toward actually attempting to reach a global accord. The world has been without such an accord since the expiration of the Kyoto Protocol in 2012, though a shadow of it has limped on until now. Started in 1997, the Kyoto Protocol languished without effect until 2002 due to the intransigence of the United States. However, in 2004, Russia ratified the agreement and the world officially overrode the United States to bring the agreement into effect. At this point, of the 196 countries/parties within the UNFCCC, 192 have ratified the Kyoto Protocol. The United States never has, Canada did, but then dropped out in 2012.

At present, the world’s countries are putting forth their Intended Nationally Determined Contributions (INDCs), with developed countries expected to lead and developing countries to follow. You can monitor the growing list of submitted INDCs here. So far they include, in order of submission, Switzerland, The European Union, Norway, Mexico, the US, Gabon, and Russia. There are a hodgepodge of commitments including:

Switzerland commits to reduce greenhouse gas (GHG) emissions 35 percent below 1990 levels by 2025, 50 percent below 1990 levels by 2030, and 70-85 percent below 1990 levels by 2050. (link)

The EU’s INDC puts forward a legally binding commitment to reduce its overall emissions at least 40 percent below 1990 levels by 2030. (link)

The submission, referred to as an Intended Nationally Determined Contribution (INDC), is a formal statement of the U.S. target, announced in China last year, to reduce our emissions by 26-28% below 2005 levels by 2025, and to make best efforts to reduce by 28%. (link)

The intent is for all of these commitments to come in to effect by 2020 as the world’s governments ratify the hoped for agreement. Assuming that all of this goes according to plan, is there any hope that these actions will limit warming of the planet to 2C or less? In a word No. No one has any illusions that they will. From the UNFCCC website:

“In October we will produce a synthesis report aggregating the effect of all the INDCs submitted. The initial INDCs will clearly not add up to the emissions reductions needed to keep the global temperature rise under 2 degrees C, which is one reason why the Paris agreement must factor in a long term emission trajectory based on science”. (link)

However, although the total commitments may be disappointing, I am encouraged that there is momentum to get something done. It is a lot easier to adjust targets over time than to create a global agreement from scratch. Regardless, any effort to actually start reducing emissions levels would buy more time to adapt to and mitigate climate change effects. Is it enough, no, but it could be a step in the right direction. Even if the agreement is made and ratified, each country would then face the challenge of determining how to implement or incentivate the results they they hope to achieve.

My personal hope is that a sea change in global commitments to actually do something with regards to climate change will provide outlets for human creativity to look for better ways of diminishing the problem rather than new ways to accelerate it.

As such, I am keeping my fingers crossed for the Paris 2015 conference producing some sort of global accord. It will undoubtedly come out weaker than hoped, take longer than expected to ratify, and disappoint on all fronts, but it would at least be something other than the vacuum that we have been inhabiting. Maybe the NSA won’t be in everybody’s conference rooms this time around, maybe another false flag disinformation campaign won’t derail the public perception of the messages coming out of the meeting, maybe, just maybe, humanity will fleetingly try to live up to our self-proclaimed name of Homo sapiens sapiens (translation being – wise wise man).

Mark