Wednesday, June 13, 2007

Oil Liquid Exports Have Peaked

The most recent newsletter of the Association for the Study of Peak Oil has compiled data on oil exports for all kinds of liquids for the last five years. This data includes conventional, heavy, and extra heavy oil, oil shale, oil sands, natural gas liquids, lease condensates, gas-to-liquids and biofuesl.

Exports peaked toward the end of 2005. Exports amounted to 46.3 mbd in 2004, 47.1 in 2005, and 47 mbd in 2006. Early data from 2007 also show exports running around 47 mbd.

Total production of oil liquids increased by nearly 1 mbd between 2005 and 2006, but increased demand in the exporting countries have put a cap on total exports.

Increasingly, the numbers show us at the peak. Looking ahead it is easy to see the downhill roller coaster ride approaching.


At 12:17 AM, Blogger Offgrid said...

Yes - exactly - we need to start living simpler lives, conserve what we have and try to live off-the-grid as much as possible. Wind and geothermal are our best alternatives. (the price of solar needs to come way down) I'm starting to get nervous about how badly the government wants to get us to Mars - do they know something we don't ???

At 10:16 AM, Blogger Suresh R. Issar said...

Wind, alonngwith solar energy appear to be the energies of tomorrow. Globaly speaking, solar energy has been explored more than wind energy. Costal areas offer great scope for wind energy. Vested interests not withstanding, solar and wind energies can can gradually replace conventional forms of energy.


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