The October 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.37 MB, 33 pp).

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports.

A summary and latest graphics below the fold.

The August 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.3 MB, 33 pp).

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email address and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

The July 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.3 MB, 32 pp).

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email address and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

Part 1 can be found here. This series of posts will be co-authored by phoenix, who is an Engineer heavily involved in the energy sector. It will be based on a submission we made recently to the Australian Government. Obviously, projections of this type are difficult. This is an attempt to provide a model for this kind of projection. We then use the model to provide some insights into just how hard the conversion will be for Australia.

How Much Time Do We Have?

Since Australia has one of the largest per capita endowments of energy resources, it is easy to be lulled into a false security that this benefit will last forever. This impression is boosted by quoted production vs. demand figures exceeding 100 years. The reality of our energy security is not so rosy.

As discussed above, most production vs. resource figures are established by assuming a continuation of the current demand or extraction rate. While this may be a reasonable methodology for determination of the life of a mine or the value of the resource it is patently false for determination of our overall resource security. Demand rates for all of our energy resources are climbing year by year.

The paradigm of continually increasing growth driven by an increasing population and an expectation of improving standards of living demands a continuing increase in production of our natural resources. The following table shows Australia’s major non renewable energy resources together with their expected life calculated on this basis.