Production at the world’s oil fields will decline faster in coming years, putting more pressure on future oil supplies, the International Energy Agency said on Wednesday.
As current fields fade with age and the industry moves offshore and into smaller fields, decline rates will accelerate, the agency found, and more investment will be required to make [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
IEA Says Fading Oil Production Threatens Supply
Posted by Matt in November 13th, 2008 | no comment
Published in Oil, Crunch, Decline Rates, Iea, International Energy Agency, New Oil, Oil Fields, Oil Production, Oil Supply, peak oil, Peak Year, Shortfall
Thirst for petroleum forges a new oil reality
Posted by Matt in July 27th, 2008 | no comment
Published in Oil, Cantarell Field, Crude Oil, Gas Prices, Gulf Coast Refineries, Mexico, New Oil, Oil Enterprise, Oil Output, petroleum, Thirst, United States, Valero, Valero Energy
Drivers unlikely to see gas prices retreat to levels enjoyed for a generation
The two events, half a world apart, went largely unheralded.
Early this month, Valero Energy in Texas got the unwelcome news that Mexico would be cutting supplies to one of the company’s Gulf Coast refineries by up to 15 percent. Mexico’s state-owned oil enterprise [...]
There Will Be Water
Posted by Matt in June 14th, 2008 | no comment
Published in Water, 100 Million, Blue Gold, climate change, Control, Decades, Drought, Economic Cooperation, Gathering Speed, Groundwater, Half Of The World, New Oil, Rush, Scarce Resource, T Boone Pickens, Urban Areas, Water Resources, Water Stress, World Population, World S Population
T. Boone Pickens thinks water is the new oil—and he’s betting $100 million that he’s right.
In the coming decades, as growing numbers of people live in urban areas and climate change makes some regions much more prone to drought, water—or what many are calling “blue gold”—will become an increasingly scarce resource. By 2030 nearly half [...]
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