The efficiency of wind power
The "global" wind power load factor is estimated to be 22.7% for 2012. This is based on an analysis of installed wind capacity and electricity production data for 17 countries published by BP [1]. This...
View ArticleThe Arguments for and Against Shale Oil and Gas Developments
The energy debate is full of controversy. Whether it is about the pros and cons of renewable energy, nuclear power or fossil fuels (FF) there are a range of arguments made on either side. If it was...
View ArticleDrowning in oil again
For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the $148 per barrel peak in 2008 followed by the...
View ArticleBlowout week 45
By Roger Andrews The US is the world’s largest economy, and what happens in the US has a significant impact on what happens in the rest of the world. So this week we lead off with the US mid-term...
View ArticleOil Production Vital Statistics – January 2015
This is the first in a monthly series of posts chronicling the action in the global oil market in 11 key charts. The oil price crash of 2014 / 15 is following the same pace of the 2008 crash. The 2008...
View ArticleOil Production Vital Statistics – February 2015
The main oil production changes from November to December are: World total liquids up 150,000 bpd OPEC up 80,000 bpd N America up 80,000 bpd Russia and FSU up 180,000 bpd Europe down 70,000 bpd...
View ArticleOil Production Vital Statistics: April 2015
Global oil production is declining slowly but remains just above its long-term trend. Just over 94.04 Mbpd was produced in February. The recovery in the oil price in February reversed in March and WTI...
View ArticleRig Count Update March / April 2015
The global rig count statistics published by Baker Hughes provide a crucial industry activity indicator and some of the most up to date industry statistics available. This is a short report updating...
View ArticleGlobal Production Up One Million bpd in March
Global oil production rose sharply in March by 1 Mbpd and we have a new peak in global total liquids production of 95.24Mbpd. But with the oil price currently resilient, it seems likely that surge in...
View ArticleOil Production Vital Statistics June 2015
World total liquids production up 460,000 bpd to 95.7 mbpd OPEC production up 160,000 bpd to 31.21 mbpd (C+C) N America production down 250,000 bpd to 19.55 mbpd Russia and FSU down 10,000 bpd to 14.05...
View ArticleOil Production Vital Statistics September 2015
With momentous events unfolding on the World stage, the oil market continues to evolve at a glacial pace. Global total liquids production was 96.29 Mbpd in August, down 630,000 bpd from the June peak....
View ArticleOPEC Can’t Win
Cheap oil is a major benefit to the US economy. Cheap oil reduces the cost of US oil imports and is good for the trade balance. The lost value of indigenous oil production in the US is of little...
View ArticleThe myth of US self-sufficiency in crude oil
Contrary to general belief, and mis-information by the media the US is far away from being “energy independent” in terms of crude oil imports. Maybe some may find the above analysis statistical...
View ArticleNet metering and the death of US rooftop solar
“Net metering” allows anyone with a solar installation to sell surplus solar power to the grid when the sun is shining and to purchase power back from the grid when it isn’t. Net metering has been...
View ArticleBlowout Week 140
This week’s Blowout focuses on the “formal commitment” of Presidents Xi of China and Obama of the U.S. to the Paris Climate Accord. Xi may be in a position to commit China but it’s questionable whether...
View ArticleSolar PV capacity factors in the US – the EIA data
A post I wrote a little over two years ago concluded that solar PV capacity factors in the US ranged between 13% and 19% with an average of around 16%. Recently, however, the US Energy Information...
View ArticleUSA Energy Independence Day
It has been 3 years since I last looked at US energy statistics and a recent conversation has prompted me to revisit the topic. Is the USA close to energy independence? The answer is surprisingly yes!...
View ArticlePrimary Energy in The European Union and USA Compared
The EU has a larger population and smaller land area than the USA resulting in a population density 3.6 times that of the USA. European citizens therefore have less land available to service the energy...
View ArticleOil Production Vital Statistics November 2016
In October, global total liquids production hit a new record high of 97.84 Mbpd led by OPEC and Russia! This was caused largely by the scramble to boost production ahead of production cuts with a datum...
View ArticleOil and Gas Production in N America
This post provides an overview of N American oil and gas production utilising the growing mountain of charts to be found in Global Energy Graphed. These charts show the parlous state of the Mexican oil...
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