Deep water oil

A weekly roundup of peak oil news, including:
-Prices and production
-From the IEA
-China
-CERA week
-Quote of the week
-Briefs

"as mankind proceeded to get bigger and bigger we silently crossed a threshold"

We cannot be lulled into a false sense of security: though oil prices have declined from their historic highs, there is little doubt that peak oil is real. A 2008 research project completed at Washington University in St. Louis found strong evidence in support of the theory. Please feel free to circulate this academic document as a primer on peak oil.

George Will had quite a few figures in his commentary “There is still no alternative to oil” that suggested there are no supply problems concerning oil. I think there are a few more figures that should be added to assess the oil supply situation.

-Oilwatch Monthly October 2009
-A post-oil world gets less sci-fi by the day
-The Truth About Energy
-Global oil supply: Separating fact from fiction

A weekly roundup of peak oil news, including:
-Production and prices
-Another price spike?
-ASPO-USA Conference
-Briefs

At the end of the first day of the ASPO conference in Denver, we were treated to a fantastic presentation on the oil potential of the sub-salt basins on the margins of the South Atlantic Ocean given by Dr Marcio Mello who presented the evidence for a half trillion barrels of reserves in this new frontier province. So has a new Saudi Arabia been found?

Evolution demands short-term thinking focused on individual survival. Most attempts to overcome our evolutionarily hardwired absorption with self are selected against. The Overman is dead, killed by a high-fat diet and unwillingness to exercise. Reflexively, we follow him into the grave.

-The Era of Xtreme Energy
-Cantarell Update 2009: The Peak Oil PosterChild Continues to Plummet
-Finding new oil gets ever more expensive
-Oil Industry Sets a Brisk Pace of New Discoveries
-The Peak Oil Downside Will Be Steeper Than The Upside

Recently, we have had two new articles aiming to put to rest people's fears about peak oil. One is from the New York Times: Oil Industry Sets a Brisk Pace of New Discoveries It talks about the many discoveries this year, and how, if they continue at the pace they have in the first half, they will be the best since 2000. The other is from the October Scientific American, called Squeezing More Oil from the Ground...Its premise seems to be that there are a lot of promising areas that we have not yet explored. When you put this together with advances in drilling and the promises of secondary and tertiary recovery, there is a good chance that oil production will not peak for many years.

-Debate about peak oil is misleading
-Saudi provides realistic outlook on energy future
-OAPEC to spend $133 bn on boosting refinery output
-Abu Dhabi to invest $10 bn on green projects
-UNDP Arab Human Development Report 2009

-Oil Spin
-Oil still has us over a barrel
-Maribynong Peak Oil Contingency Plan

A weekly roundup of peak oil news, including:
-Production and prices
-New discoveries
-Nationalism
-Briefs

-BP hails 'giant' oil find
-Giant Indian oil field comes on stream
-Canada's Oil Sands - Part 2

The CEO Poll: On black gold
Shell's Willem Schulte says we have enough oil, for now
High oil prices and the end of globalization really?
An Alternative National Energy Security Assessment for Australia