We cannot drill our way out of this oil crisis. Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year.
Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the terminal decline of existing fields.
We are going to have to import more of our oil. Period.
Joined: Oct 23, 2004 Posts: 5105 Location: New Jersey
Posted: Tue Aug 14, 2007 7:15 am Post subject: Re: Global Fuel Shortage Reports
Quote:
China's Motorists Face Rationing as Refiners Prefer to Export
Energy Intelligence Group, Inc.)
Tuesday, August 14, 2007
Summary
Parts of southern China are experiencing oil products shortages, prompting some service stations to ration the amount of gasoline and automotive diesel they are selling, while others have run out of fuel altogether. The situation has arisen in previous years as peak summer demand strains domestic supply, which has been further tightened as China's refiners have stepped up exports to more profitable markets.
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International Oil Daily _________________ It's already over, now it's just a matter of adjusting.
Posted: Sun Aug 19, 2007 7:40 pm Post subject: Re: Global Fuel Shortage Reports
Quote:
Gaza's main power plant shut down operations yesterday after it said it had depleted its fuel reserves despite a pledge from Israel to resume deliveries that were halted late last week.
Electricite du Liban (EDL) announced Friday it will isolate power for two additional hours due to a "sudden breakdown" in one of its transformers in Horej's main Area.
...The announcement added fuel to the fire. The Lebanese public, already enraged by the continuous electricity outages in their neighborhoods, were angered upon hearing EDL's announcement.
_________________ "The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
Fuel rationing started on August 21, causing queues of vehicles at petrol stations. Stations supplied by Interpetrol have no fuel, while those supplied by Engen have limited amounts
Argentina Faces Fuel Shortage On Shell Refinery Shutdown
September 06, 2007: 02:00 PM EST
BUENOS AIRES -(Dow Jones)- A day after the Argentine government ordered Royal Dutch Shell (RDSA) to shut down its Doc Sud refinery, it was unclear how a potentially large gap in fuel supplies would be covered.
A government energy official told Dow Jones Newswires that Shell had begun to shut down the refinery after Energy Secretary officials Wednesday night ordered operations to cease due to alleged environmental infractions.
Fuel Shortage hits Kotoka International Airport
2007-09-06 17:32:37
Accra - The management of the Airport Fuel Depot at the Kotoka International Airport on Thursday advised airlines operating at the airport to refuel from other countries. This follows the inability of the Tema Oil Refinery (TOR) to meet regular demand of the Depot since last Friday.
LUSAKA, Sept 14 (Reuters) - Zambia shut down its Indeni Oil Refinery on Sept. 1 for 25 days due to crude shortages, energy officials said on Friday.
Zambia, which imports crude oil from the Middle East and refines it at Indeni, is conducting maintenance at the facility while awaiting adequate supplies, the officials said.
The shortages have also prompted Zambia to import oil from South Africa, Mozambique and Tanzania, they said.
Most of the diesel produced by the refinery is used to run Zambia's vast copper mines, the country's economic lifeblood.
_________________ "The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
Posted: Fri Oct 05, 2007 5:33 am Post subject: Re: Global Fuel Shortage Reports
Quote:
An acute shortage of petroleum products was looming last night as new tax measures introduced by Kenya Revenue Authority (KRA) slowed down evacuation of products from depots
ERNEGY and Water Development Minister, Kenneth Konga, yesterday assured the nation that the Government was working hard to ensure that authorities start pumping the 60,000-tonnes crude oil from Tanzania to Zambia to end the fuel shortage that has hit parts of the country
Joined: Jul 07, 2006 Posts: 150 Location: under the satellites
Posted: Fri Oct 05, 2007 5:09 pm Post subject: Re: Global Fuel Shortage Reports
Pup, I attended a relocalization meeting last night and most of them are unaware of the current geo-political happenings. Do you think we are starting our rapid descent right now? Have all the players taken their balls and gone home? (grabbed their oil positions and locked them up) I think so but these guys were looking at me as if I were absolutely insane.
Posted: Fri Oct 05, 2007 9:02 pm Post subject: Re: Global Fuel Shortage Reports
Quote:
I attended a relocalization meeting last night and most of them are unaware of the current geo-political happenings.
This is not terribly surprising, if you think about it.
Quote:
Do you think we are starting our rapid descent right now?
No, I think we have been in a slow, painful descent since 1975.
Quote:
Have all the players taken their balls and gone home? (grabbed their oil positions and locked them up) I think so
You might be right, but I think the different players have different motivations. The chinese appear to be locking up their positions and planning for the distant future. The US appears to be trying to grab as much for now as they can, without asking their population to sacrifice. Europe, no way to tell. Maybe some of both, except there is some effort to get people to conserve. Japan: trying to do deals, but definitely trying to retool their society. Their energy consumption has been dropping pretty substantially for the last several years.
Meanwhile, if you are in Africa, it is indeed the start of this so-called "rapid descent". This sort of situation will move up the food chain eventually.
Quote:
these guys were looking at me as if I were absolutely insane
Joined: Jul 07, 2006 Posts: 150 Location: under the satellites
Posted: Fri Oct 05, 2007 9:34 pm Post subject: Re: Global Fuel Shortage Reports
Sorry Pup, I'm in Vermont and if I dress any nicer they definetly will think I'm Insane! Thanks for the insight.. _________________ "The word statistics originated in the German STATISTIKS, "State Arithmetic."
CARACAS, Oct 10 (Reuters) - Venezuelans formed long lines on Wednesday to buy gasoline in a major provincial city after outages at a refinery prompted rare worries of supply shortages in one of the world's largest oil exporters.
Drivers in an area of at least 800,000 in and around the central city of Barquisimeto have waited up to 90 minutes to fill their tanks in lines dozens of cars long since late on Tuesday, residents said by telephone.
Gasoline supplies in the OPEC nation are a sensitive political issue for Venezuelans who are used to filling up cars for less than $2.
Reuters _________________ It's already over, now it's just a matter of adjusting.
CARACAS, Oct 10 (Reuters) - Venezuelans formed long lines on Wednesday to buy gasoline in a major provincial city after outages at a refinery prompted rare worries of supply shortages in one of the world's largest oil exporters.
Drivers in an area of at least 800,000 in and around the central city of Barquisimeto have waited up to 90 minutes to fill their tanks in lines dozens of cars long since late on Tuesday, residents said by telephone.
Gasoline supplies in the OPEC nation are a sensitive political issue for Venezuelans who are used to filling up cars for less than $2.
CARACAS, Oct 10 (Reuters) - Venezuelans formed long lines on Wednesday to buy gasoline in a major provincial city after outages at a refinery prompted rare worries of supply shortages in one of the world's largest oil exporters.
Drivers in an area of at least 800,000 in and around the central city of Barquisimeto have waited up to 90 minutes to fill their tanks in lines dozens of cars long since late on Tuesday, residents said by telephone.
Gasoline supplies in the OPEC nation are a sensitive political issue for Venezuelans who are used to filling up cars for less than $2.
Lack of product availability on the spot market to cover for the outage, or just non-economical?
I don't know the specifics about their refineries, but they have been putting out more very heavy oil. Refining heavy oil is more complicated, requiring greater temperatures and pressures, and subject to more frequent breakdowns.
Also after the tumultuous coup-anticoup period in Venezuela a few years back, a lot of oil industry management was fired.
I see this as an example of our post peak oil future - which apparently is starting now, like it or not. _________________ It's already over, now it's just a matter of adjusting.
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