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Topic: Oil supplies

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Hubbert peak

Oil

Oil industry

Petroleum

Crude oil

Petroleum disaster

List of oil fields

Saudi Aramco

Oil well

Spindletop

Oil refinery

Athabasca Tar Sands

Oil imperialism

Olduvai theory

Oil field

	Oil supplies - Wikipedia, the free encyclopedia
		It has been estimated that there is a total of 2,390 billion barrels (380 km³) of crude oil on Earth, of which about 30% has been used so far.
		Most known reserves are concentrated in the Middle East — around 41%, and the Saudi national oil company controls the largest amount of proven oil reserves in the world.
		Estimates of undiscovered reserves range widely from 275 to 1,469 billion barrels (44 to 234 km³), with Current estimates are that oil reserves will become scarce by the 2050s, although this date has been pushed forward many times as new oil fields are discovered.
	en.wikipedia.org /wiki/Oil_supplies (325 words)

	Prognosticating oil supplies - The Washington Times: Editorials/OP-ED - November 03, 2004 (Site not responding. Last check: 2007-10-21)
		Very briefly, peak oil theorists state that world reserves of fossil fuels are much smaller and less recoverable than generally accepted estimates, and that prices will soon sharply increase as we reach a global halfway point in extraction of available supplies.
		Oil at $100 a barrel and climbing by 2006 is a typical scenario thrown around by some peak alarmists.
		The extension of this supply choking strategy to global oil is a stated goal of al Qaeda, and related attacks in Saudi Arabia have already impacted world oil markets at the margins.
	washingtontimes.com /op-ed/20041102-073519-7107r.htm (636 words)

	FUTURE WORLD OIL SUPPLIES (Site not responding. Last check: 2007-10-21)
		The 1,311 known major and giant oil fields contain 94% of the world's known oil, and are, accordingly, the most critical for future global oil supplies.
		When the world oil price collapsed in 1986, exploration funds and efforts were cut back drastically everywhere; and by 1989, all major companies were consolidating and eliminating most of their geological/geophysical staffs.
		This next paralyzing and permanent oil shock will not be solved by any redistribution patterns or by economic cleverness, because it will be a consequence of pending and inexorable depletion of the world's inexpensive conventional crude oil supply.
	www.tombender.org /ivanhoe.html (2616 words)

	Robert Bryce \| America's Achilles' Heel (Site not responding. Last check: 2007-10-21)
		The bad news from the oil fields continued last week when men loyal to Sadr surrounded several Iraqi government buildings and threatened to attack pipelines and other oil facilities unless the government stopped pumping oil through the pipes that feed Iraq's oil export terminals in the Persian Gulf, Mina al-Bakr and Khor al-Amaya.
		Oil was a key factor in the second Iraq war from the get-go.
		The attempted bombings of the oil terminals were the first waterborne suicide attacks on American forces since 2000, when al-Qaida engineered the attack on the USS Cole in Yemen, which killed 17 American sailors.
	www.truthout.org /docs_04/printer_081704K.shtml (2521 words)

	Peak Oil: Life After the Oil Crash
		Oil is increasingly plentiful on the upslope of the bell curve, increasingly scarce and expensive on the down slope.
		A shortfall between demand and supply as little as 10-15 percent is enough to wholly shatter an oil-dependent economy and reduce its citizenry to poverty.
		Without an abundant and reliable supply of oil, we have no way of scaling these alternatives to the degree necessary to power the modern world.
	www.lifeaftertheoilcrash.net (2784 words)

	C4 News - World - Economy - Oil supplies 'over-estimated' (Site not responding. Last check: 2007-10-21)
		Channel 4 News has been told by a top Saudi oil industry insider that the American government's forecast for future oil supplies are a "dangerous over-estimate".
		The Saudis very rarely speak publicly about future oil capacity but there are signs the Kingdom is worried their fields are being pushed too hard.
		Al-Husseini's opinion is a view that is growing in the oil markets, but which no-one wants to admit, that population growth and the emergence of China and India means oil prices are now going to be structurally higher than they have been.
	www.channel4.com /news/2004/10/week_5/26_oil.html (434 words)

	Bloomberg.com: U.S. (Site not responding. Last check: 2007-10-21)
		Supplies were expected to drop 400,000 barrels, according to the median of forecasts by 13 analysts in a Bloomberg survey.
		Crude oil inventories were up 2.4 percent from a year ago compared with a surplus of 4.6 percent a week earlier, according to the department.
		Oil plunged after Shiite militants loyal to Moqtada al-Sadr and government forces agreed to a cease-fire on Aug. 26 in Iraq, easing concern about attacks on pipelines.
	quote.bloomberg.com /apps/news?pid=10000103&sid=a9DuJ8ywdPBU&refer=us (692 words)

	Supplies of oil may be inexhaustible - 05/29/02 (Site not responding. Last check: 2007-10-21)
		That is, new oil was being discovered in fields where it previously had not existed.
		He argues that oil and gas are in fact the remains of methane left over from the Earth's origin.
		At current price levels, only about 40 percent of oil can be extracted from existing fields; the remaining 60 percent, which is known to exist, cannot be produced economically and is therefore not included in proven reserve estimates.
	www.detnews.com /2002/editorial/0205/29/a11-500860.htm (856 words)

	Bloomberg.com: Energy
		The IEA expects the kingdom ``will have no problem in funding the capital expenditures needed in the energy sector to boost supply.'' Total investments needed, including gas and power, will be of $332 billion from 2004 through 2030, with oil accounting for 52 percent, or $174 billion, the agency says.
		Some 101 ``giant'' oil fields in the Middle East and North Africa, including 19 in Saudi Arabia, together pumped 21.7 million barrels a day last year, or 75 percent of the region's output, and had proven reserves of 567 billion barrels.
		By not injecting water close to the center, Saudi Aramco, the world's largest oil company, is lengthening the life of the field, maintaining enough pressure for the oil to flow out, the IEA said.
	www.bloomberg.com /apps/news?pid=10001099&sid=agIb7ByeRijs&refer=energy (1077 words)

	Future world oil supplies -- Ivanhoe on Hubbert
		For example, the peak year for discoveries of world-class oil field giants, i.e, ultimate recovery of 500 million bbl oil, in the U.S. was 1930—in the world, 1962.
		[2] The 1,311 known major and giant oil fields contain 94% of the world's known oil, and are, accordingly, the most critical for future global oil supplies.
		The basic assumption is unrealistic that all of the world's, non-U.S. (48), oil fields (mostly discovered since 1962) should have the same reserve increase pattern as the older U.S. (48) oil fields, most of which date from the 1930s or are of tiny size.
	dieoff.org /page85.htm (2639 words)

	USATODAY.com - Oil inventories hit lowest level since '75 (Site not responding. Last check: 2007-10-21)
		Supplies of crude oil, which is used to make heating oil, gasoline, diesel and other fuels, fell 0.6% in the week ended Jan. 2 to 269 million barrels, the Energy Department said.
		While heating oil supplies rose last week, the low level of crude oil on hand — effectively, the cushion against heating oil shortages — raises concern about adequate supplies for this winter.
		That has kept worldwide supplies low at a time when other countries are also seeing increases in oil demand to fuel reviving economies.
	www.usatoday.com /money/industries/energy/2004-01-08-energy_x.htm (559 words)

	COMING SOON TO A LOCATION NEAR YOU! "Fossilgate" -- as soon as the year 2000!
		The remaining oil does not occur in some vast underground cavern from which is could be quickly pumped, but it is held in the minute pore space of the reservoir rocks, in the same way as rising damp can flow through the walls of old stone buildings.
		Supply shortages, particularly during the 1976-77 winter, were responsible for periodic curtailments of gas deliveries that caused considerable economic hardship to industrial and commercial users, and occasionally even to residential customers.
		Oil prices and rates of drilling hide this decline at times, but these factors cannot alter the geological fact that the United States has discovered most of the fields from which it will produce economically significant quantities of oil.
	dieoff.org /page122.htm (7013 words)

	The Coming Global Oil Crisis
		Beyond Oil: Intelligent Response to Peak Oil Impacts: A Dialog with the Experts, Denver, November 11, 12
		This will be painful in the industrialized countries which have become totally dependent upon oil, and in the less developed countries where oil use is extremely sensitive to price escalation.
		This change may justly be called a revolution, but it differs from all the preceding ones in that there is no likelihood of its leading to increases of population, but even perhaps to the reverse.
	www.oilcrisis.com (494 words)

	The Looming Crisis in Worldwide Oil Supplies
		Factor 1 - Remaining Oil from Previous Discoveries: Oil and Gas Journal, the most widely consulted publication on the subject of oil supply and demand, reports that 807 billion barrels were produced by 1998, with almost half of that amount since the supply shocks of the 1970s.
		So if oil consumption remains constant with 995 billion barrels still remaining to be produced, the world's oil supplies will last another 40 years.
		Potential solutions to this looming oil supply crisis are discussed in a follow-up report.
	www.petroleumequities.com /OilSupplyReport.htm (1016 words)

	Al Qaeda targets US oil supplies \| csmonitor.com (Site not responding. Last check: 2007-10-21)
		Oil prices hit 20-year highs of $41.85 per barrel in May but eased last week after Saudi Arabia pledged to increase production and urged OPEC to do the same.
		Oil markets, closed Monday, are expected to experience a slight spike because of the Khobar attacks.
		Miqrin also criticized the Saudi government for "supplying the United States with oil for the cheapest prices, according to their master's wish, so that their economy does not collapse." A Westerner killed during the operation was dragged though the streets, the statement said.
	www.csmonitor.com /2004/0601/p01s03-wome.html (1117 words)

	Oil supplies seen vulnerable to attack - Oil & Energy - MSNBC.com
		The wonder, say some, is that oil facilities have not been more heavily attacked to date.
		But protecting oil facilities around the world is only part of the task of defending against terrorist attacks; oil workers are also being targeted.
		The attack, seen as part of ongoing efforts to sabotage Iraq’s main oil export pipeline to Turkey, has succeeded in slowing the flow of oil out of the country, according to a top oil ministry official quoted by Reuters.
	msnbc.msn.com /id/3403877 (864 words)

	NRDC: Reducing U.S. Oil Dependence
		Our vulnerability to oil price spikes and supply disruptions is due to our excessive dependence on oil from all sources, foreign and domestic.
		Fuel-efficient oils are marked with an "Energy Conserving" label by the American Petroleum Institute.
		Oil companies starting exploring for oil at the Alpine oil field west of Prudhoe Bay in 1991.
	www.nrdc.org /air/energy/fensec.asp (3547 words)

	This Week In Petroleum
		Overall, heating oil and propane supplies appear adequate at this early juncture in the 2005-06 winter heating season based on current inventory levels.
		That is, since diesel fuel is often used during cold weather to supplement heating oil supplies, and since a still strong U.S. economy continues to support a tight balance between diesel supply and consumption, incremental volumes of diesel fuel may be attracted to heating markets only at relatively high prices.
		In short, the overall message for heating oil and propane markets this winter would be one of caution as mixed signals and continued recovery of storm-damaged refineries and other petroleum infrastructure add a new level of uncertainty over heating fuel conditions in the months ahead.
	tonto.eia.doe.gov /oog/info/twip/twip.asp (1549 words)

	Project Censored Media democracy in action
		Oil is the main ingredient in plastics and polyester: the clothes we wear, the carpets we walk on, frames for our computers, seats to sit on, bottles to drink from, and band-aids to salve our wounds.
		This story isn’t about the ‘end of oil’ as it is often portrayed; it is the beginning of the end of oil.
		Since publication of the story in New Internationalist magazine the price of oil has risen to $41 a barrel from about $30, oil workers are being killed in Saudi, pipelines and platforms are being destroyed in Iraq, Shell mislaid 23% of its reserves (whoops) and of course, oil companies are making record profits.
	www.projectcensored.org /publications/2005/18.html (975 words)

	As prices rise, concerns grow about world oil supplies - May. 20, 2004
		NEW YORK (CNN/Money) - With oil prices hovering near record highs and OPEC saying it's out of their control, the question of whether the planet is nearing the end of its oil supply has again arisen.
		Demand for oil has soared over the last year, with prices in tow, as China has emerged as an economic powerhouse and other developing countries have boosted consumption.
		While oil prices are near record highs in current dollars, adjusted for inflation prices are well off the highs they hit in the 1970s and early '80s.
	money.cnn.com /2004/05/20/markets/oil_reserves (448 words)

	United States Country Analysis Brief (Site not responding. Last check: 2007-10-21)
		Meanwhile, Alaskan oil production is expected to decrease by 5% in 2004 and by 1% in 2005, continuing a steady decline since the state's peak output in 1988, at 2.017 million bbl/d.
		Of this, motor gasoline consumption was 9.0 million bbl/d (or 44% of the total), distillate fuel oil consumption was 4.1 million bbl/d (20%), jet fuel consumption was 1.6 million bbl/d (8%), and residual fuel oil consumption was 0.8 million bbl/d (4%)l.
		The first crude oil was delivered to the SPR in 1977 and stored at the West Hackberry storage site near Lake Charles, LA. Other major storage sites include: Bryan Mound and Big Hill in Texas and Bayou Choctaw in Louisiana, with a total storage capacity of 700 million barrels.
	www.eia.doe.gov /emeu/cabs/usa.html (10928 words)

	ASPO - The Association for the Study of Peak Oil and Gas
		I think they are on decline in the biggest oil fields in the world today and I know what's it like once you turn the corner and start declining, it's a tread mill that you just can't keep up with.".
		This statement by Ali al-Naimi, the Saudi oil minister, is very intereting: “ When I state that our reserves are 261 billion barrels I have a very high degree of confidence that that estimate is a good one.
		Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to Bob Bear, a leading industry analyst.
	www.peakoil.net (2138 words)

	U.S. mulls losing oil supplies from Venezuela - Financial Times - MSNBC.com
		Oil prices rose in the U.S. when supplies were disrupted in late 2002 and early 2003 by a strike at Petróleos de Venezuela, the state-owned oil company.
		Venezuela is studying how it can ship oil to China, either through the Panama Canal or via a pipeline across the Panamanian isthmus.
		In practice, however, analysts say that in the short to medium term, it will be difficult for Venezuela to ship its oil to China instead of the U.S. Refineries in China are not configured to take Venezuelan oil, which is particularly heavy, and China would need probably two years to adjust.
	msnbc.msn.com /id/6826081 (599 words)

	Walter J
		Fear of inadequate oil supplies and lack of unification of oil importing
		One solution was for the governments of oil importing countries to unite and
		Gulf was made because the US relies on the area for 30% of oil supplies,
	www.eco.utexas.edu /Homepages/Faculty/Cleaver/357Lsum_s5_Levy_Oil.html (833 words)

	Peak Oil News: Prognosticating oil supplies
		The scarcest resource is not oil, metals, clean air, capital, labor, or technology.
		It is our willingness to listen to each other and learn from each other and to seek the truth rather than seek to be right.
		But my advice to Miss Rice and the national-security folks would be to "imagine" the consequences now.
	peakoil.blogspot.com /2004/11/prognosticating-oil-supplies.html (808 words)

	OPEC on Oil Supplies and Prices (washingtonpost.com)
		Recently, given the increased geopolitical concerns and tensions, it is estimated that as much as 8$ has been added to the price of oil that is based on fundamentals (supply, demand, stock level, etc).
		In 1990, OPEC member countries ensures continued smooth world supply of oil despite complete disruption of supplies from Kuwait and Iraq (more than 5 mbd combines)> in 2003, in the run up to the war, opec countries added supply to compensate for disruption of Iraq oil supply.
		Adnan Shihab-Eldin: OPEC influence on oil prices is to ensure their stability and that prices are within a reasonable range acceptable to both consumers as well producers (and investors) To that extent, OPEC, with cooperation from other producers has been reasonably successful.
	www.washingtonpost.com /wp-dyn/articles/A48713-2004Jun17.html (2330 words)

	CNN.com - Energy secretary: War won't disrupt U.S. oil supplies - Mar. 20, 2003
		Energy Secretary Spencer Abraham said Thursday he's confident there are adequate oil supplies available to the United States to compensate for any losses of crude oil as a result of the war in Iraq.
		Abraham told a Senate hearing that "world energy supplies are more than adequate to compensate for any disruption" that might be caused if Iraq President Saddam Hussein attempts to sabotage Iraqi oil wells.
		Abraham gave no indication that the Bush administration was preparing to release oil from the Strategic Petroleum Reserve, which holds 600 million barrels of crude in salt domes on the Gulf Coast.
	cnn.com /2003/ALLPOLITICS/03/20/sprj.irq.energy.war.ap (378 words)

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