Crude and Condensate Reached New Highs in Jan  

Posted by Big Gav in

Stuart at Early Warning has a post on global oil production, showing oil production has managed to reach a new high after a long plateau - Crude and Condensate Reached New Highs in Jan.

The EIA helpfully produces a breakdown of the global liquid fuel supply into components. This allows us to distinguish change in the supply of "oil" - narrowly defined as crude oil plus condensates (hydrocarbons which come out of the ground as liquid) - from changes in other things (natural gas "liquids", most of which are actually gases like ethane, propane, and butane, ethanol, and refinery volume changes.

The above graph shows these four substreams - the crude and condensate (C&C) is on the right scale and the others on the left scale. This approach is designed to make it easiest to compare changes. The interesting news is that crude+ condensate, which has been pretty much plateaued since late 2004, has now made new highs. So clearly "peak monthly oil" is not behind us.

At the same time, the data still seem to me to be consistent with the overall "peak oil moderate" worldview - that in 2005 we entered into a situation in which it became very difficult to raise oil production and that placed significant constraints on the global economy and made recessions more likely, but that the decline in global production will be slow and fears that this would lead to an abrupt collapse of the global economy were overblown (the "doomer" view).

At the moment, the plateau in C&C has a slight upward tilt and it's not possible to say declines in global oil production have begun.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (604) global warming (381) solar power (365) peak oil (335) renewable energy (228) electric vehicles (210) wind power (181) ocean energy (160) csp (153) geothermal energy (143) solar thermal power (140) smart grids (139) tidal power (135) coal seam gas (129) nuclear power (125) oil (123) energy storage (122) solar pv (119) lng (114) geothermal power (112) china (111) iraq (111) green buildings (107) natural gas (106) agriculture (87) oil price (79) biofuel (77) smart meters (72) wave power (70) electricity grid (66) uk (66) energy efficiency (63) coal (57) google (57) internet (51) bicycle (49) shale gas (49) surveillance (49) food prices (48) big brother (47) thin film solar (42) canada (40) biomimicry (39) scotland (38) ocean power (37) politics (37) new zealand (35) shale oil (35) air transport (34) algae (34) water (34) concentrating solar power (32) queensland (32) california (31) credit crunch (31) saudi arabia (31) bioplastic (30) offshore wind power (29) population (29) tesla (29) cogeneration (28) geoengineering (28) arctic ice (26) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) economics (22) limits to growth (21) carbon tax (20) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) lithium (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) exxon (17) michael klare (17) cellulosic ethanol (16) collapse (16) electric bikes (16) mapping (16) ucg (16) atlantis (15) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) iceland (15) psychology (15) brazil (14) fertiliser (14) lithium ion batteries (14) al gore (13) ambient energy (13) biodiesel (13) bucky fuller (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) internet of things (12) otec (12) texas (12) victoria (12) cradle to cradle (11) desertec (11) energy policy (11) hybrid car (11) terra preta (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) tinfoil (10) toyota (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) antarctica (8) arrow energy (8) big oil (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)