"Recent US shale oil growth sits on top of a bumpy production plateau of the rest-of-the-world (ROW) ... Other Middle East (Syria, Yemen, Oman) was in long term decline until
2007. Just when Oman experienced a rebound, did production in Syria and
Yemen collapse due to civil unrest which was at least in part caused by
production having peaked in these countries. Iran’s production drop due
to sanctions could not be offset by production gains in Iraq. Saudi
production increased in response to Libya’s production losses. Despite
production spikes, Saudi’s average crude production 2006-2013 was 450
kb/d lower than in 2005! ... [Europe is] in full decline ... Africa has peaked ... Chinese crude production increased by just 1 mb/d over a long period of
12 years, basically offsetting steady decline in the rest of Asia ... Crude production in Brazil had a maximum in January 2012. Colombia has a
hard time to increase production. Venezuela’s production remains on
exactly the same plateau for several years, suggesting that the data may
not be accurate ... While Mexico’s production has peaked, US shale oil and Canada’s syncrude from tar sands are increasing ... While Mexico’s production has peaked, US shale oil and Canada’s syncrude from tar sands are increasing."
Zum Artikel von Matt Mushalik, erschienen auf CrudeOilPeak (11. September 2013) »
Zum Artikel von Matt Mushalik, erschienen auf CrudeOilPeak (11. September 2013) »
