228 comments on DrumBeat: August 7, 2008
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228 comments on DrumBeat: August 7, 2008
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GAIA Host Collective
Chalk one up for Westexas and Khebab
Norway's Crude Oil Exports Likely to Cease by 2030, E24 Reports
And here's a link to the Googlish translation of the E24 article
End of the Norwegian Petroleum Export in 2030
Our middle case for Norway has them approaching zero net oil exports is around 2025.
Regarding the Saudi article linked up top, note that there was no mention of: (1) Net Oil Exports; (2) The annual rate of production for 2008, which will almost certainly be below their 2005 rate; (3) A monthly production rate of 9.7 mbpd, if accurate, would only be about 100,000 bpd above their peak 2005 monthly rate. It would appear that we will find out in 2009 if 2005 was the final annual peak for Saudi Arabia, but I estimate that if they wanted, in 2009, to match their 2005 net export rate, they would have to boost their 2009 total liquids production to about 11.8 mbpd, versus 11.1 mbpd in 2005 (2005 C+C average annual rate was 9.6 mbpd).
BTW, if anyone is interested, the Dallas Morning News is sponsoring a discussion of "The Long Emergency" by JHK:
http://bookclubblog.dallasnews.com/