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Category Archives: peak oil

110

The pixels are hardly dry on the 105, when we have 110.
This is turning out to be a very bumpy year.

105

Now that oil is again on a record high of 106 dollars per barrel, and Russia is replacing Saudi Arabia as the biggest oil producer, and the all time peak of crude oil production is still May 2005, it is good to revisit the good old Olduvai theory:

Vertailun vuoksi

Pisti silmiin sattumoisin vinkeä vertailu, kun eilen surffailin. Vuonna 2004 Suomi kulutti arviolta 220 000 barrelia öljyä päivässä. Samana vuonna Yhdysvaltain armeija kulutti 395 000 barrelia öljyä päivässä. Melkein kaksinkertaisen määrän.

100

So, the soon-to-be-decisive 2008 is off with a quick start: oil trades for over 100 dollars for the first time in history.

And now Russia…

… is abandoning the dollar in oil sales. “Resource nationalism” on the rise, free trade on the fall.

Lots of stuff happening…

… in global geopolitics these days.
Like, Iran has completely stopped selling oil in dollars. Yuan and euro are fine.

95

Now its is around 95$/bbl; the highest ever, even taking into account the value of the dollar.
And PetroChina is now the biggest.
A good summary from ITV:

93

Getting frantic.
93, and the winter is coming.
So maybe the PKK are reading this?
Meanwhile, PetroChina becomes the secong biggest company on earth, second only to Exxon-Mobil. PetroChina being the company active in –– Darfur.

86

Did’t have time to notice the 85$/barrel price before it was 86$.
More on peak minerals.

81

New record, 81 dollars per barrel.