Conventional Oil News

A shell game of coal dust and green olympics
David DuByne, Language Instinct
China has leapfrogged to where we in the West will be within a decade: using coal to power our economies and cities as conventional worldwide oil production continues to decline.
first published January 17, 2008.

Who has the oil?
Aaron Pava, Civic Actions
The size of each country on this map reflects the relative size of its oil reserves.
first published November 17, 2007.

As oil flirts with $100, industry CEOs issue warnings, dead enders take cover in last foxhole
Randy Udall and Steve Andrews, ASPO-USA
It’s as if, facing the firing squad of $100/barrel oil, some CEOs, oil ministers, and energy experts have decided to come clean. Still, in some boardrooms, at the U.S. Energy Information Administration, and at Cambridge Energy Research Associates, denial still rules. The last foxhole of the dead enders remains “increased recovery factors.”
first published November 12, 2007.

Oil prices - Oct 31
Staff, Energy Bulletin
Oil jumps $4 on Fed, supplies (now over $94)
The new math of oil
OPEC says pumping more won't bring oil price down
Get used to $100 oil, OPEC warns
first published October 31, 2007.

IEA reviews reliance on USGS resource estimates
David Strahan, Last Oil Shock
The chief economist of the International Energy Association (IEA), Fatih Birol, has told lastoilshock.com that the agency will review its use of resource estimates from the United States Geological Survey, in a move that seems certain to prompt a major downward revision of its long term oil production forecast.
first published October 31, 2007.

Where is Alberta? Why should you care?
Peter McKenzie-Brown, Language Matters
Can it really be true that the Canadian petroleum industry is almost in crisis with oil at $90 per barrel? Americans in particular should understand the critical economic issues now facing Canada’s petroleum industry.
first published October 25, 2007.

The New Silk Road: rail links from China
David DuByne, Peter McKenzie-Brown
As energy jitters continue to rattle the global economy, regional alliances are being solidified to ensure that China will remain a viable and growing economy as oil depletion becomes a permanent fixture of our daily lives.
first published October 21, 2007.

Russian Oil - a Depletion Rate Model estimate of the future Russian oil production and export
Aram Mäkivierikko, Uppsala Hydrocarbon Depletion Study Group
The fall of the Soviet Union in 1991 caused the Russian oil production to drop by 50%. The production is currently growing again – but how will it develop in the future? (Diploma thesis written under the supervision of Professor Kjell Aleklett and Dr Colin Campbell of ASPO.)
first published October 14, 2007.

Interview with Richard Nehring
Steve Andrews, ASPO-USA
Richard Nehring, an expert on U.S. and world oil reserves, chaired the Hedberg Conference, which received much attention at the recent ASPO-6 conference. Nehring has been a critical observer of peak oil theory, and has been following discussion at The Oil Drum. He comments: "The main difference between the imminent peakists and the delayed peakists is our view of recovery growth. But growing net production additions is hard."
first published October 8, 2007.

Limits to growth and the Hedberg conference
Dave Cohen, ASPO-USA / Energy Bulletin
The Hedberg meeting brought together the world's experts on the future oil supply. Unfortunately, no one from the peak oil research community was invited to attend. Representatives of government organizations, the world's oil companies, consultancies and independent geologists shared their proprietary data to assess what our oil future is, and thereby examine the peak oil question. ...The good news about the Hedberg conference results is the recognition of limits to growth in future oil production, a recognition that is absent in EIA forecasts.
first published October 3, 2007.

Declining net oil exports--a temporary decline or a long term trend?
Jeffrey J. Brown and Samuel Foucher, ASPO-USA
The current decline in world net oil exports is probably the start of a long term trend, as a result of declining production and/or increasing consumption in key exporting countries.
first published September 24, 2007.

Sixth annual ASPO conference - Cork, Ireland Sept 17-18
Chris Vernon, The Oil Drum: Europe
On Monday 17th and Tuesday 18th of September, Cork, Ireland hosts the sixth annual international conference of the Association for the Study of Peak Oil & Gas (ASPO).
first published September 13, 2007.