Browsing All Posts published on »July, 2013«

How to report resources and reserves

July 21, 2013


The discussion of Israel’s oil reserves gives me reason to discuss the rules that exist for reporting of resources and reserves of conventional oil. It is this oil that still dominates world production and it is production of this oil that has now reached peak oil and has slowly begun to decline. A bright future […]

The reported oil discoveries in Israel are meaningless in terms of global oil production

July 18, 2013


An article in the economics section of the leading Swedish broadsheet newspaper Dagens Nyheter (DN) has the headline, “Enormous oil discoveries in Israel” and has raised a number of questions such as, “Is this something that will delay Peak Oil significantly?” The background material to the article is a segment from Radio Sweden’s (SR’s) economic […]

Lundin runs EOR screening test at Sverdrup appraisal

July 13, 2013


Now and then I use to refer to some article in Oil & Gas Journal. This time I chose an article about a successful appraisal well drilled by the Swedish oil company Lundin Petroleum AB in the Johan Sverdrup field in the North Sea. “A unit of Lundin Petroleum AB, Stockholm, reported positive results from […]

Egypt condemned to continued chaos without its earnings from oil! / Egypten dömt till fortsatt kaos utan sina oljeintäkter!

July 9, 2013


On the ASPO Sweden website Martin Saar has written a good article on Egypt and how declining income from oil production is a source of that nation’s current problems. It is definitely a problem for their future. (The text is translated to English by Michael Lardelli). Egypt condemned to continued chaos without its earnings from […]

Global ”Peak Water”

July 8, 2013


Colin Campbell and I first changed the order of the words “Oil Peak” to “Peak Oil” when we thought it would give a better acronym for the name of the NGO we were considering forming. When we did that we had no idea that the “Peak-” descriptor would one day have the impact it has […]

Shale Truth Interview with Arthur Berman

July 6, 2013


The Delaware Riverkeeper has made a ”Shale Truth Interview series with Arthur Berman. You should listen to them: Shale Truth Interview Arthur Berman segment #1 Shale Truth Interviews Arthur Berman segment #2 Profitability Shale Truth Interview series Arthur Berman segment #3 price uncertainty

”Global Energy Systems 2013” and ASPO

July 3, 2013


The conference, “Global Energy Systems 2013” in Edinburgh, UK, has now concluded with great success. The initiative to hold a conference in Scotland was taken when ASPO International met in Vienna in 2012 after the successful conference there. According to our regulations a meeting of ASPO International members should occur when an ASPO conference is […]