I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Posted: Thu May 15, 2008 4:57 pm Post subject: IEA reporting biofuels
I 've been wondering about a sudden jump in global oil production last year as reported by the IEA.
Then I noticed this in the latest OMR.
Quote:
Non-OPEC growth averages some 815 kb/d in 2008, after 545 kb/d in 2007, representing a potential resurgence in growth to the highest non-OPEC level since 2004. The FSU (+395 kb/d), Asia Pacific region (+365 kb/d), [b]global biofuels (+425 kb/d)[/b
Posted: Thu May 15, 2008 9:08 pm Post subject: Re: IEA reporting biofuels
In the summary they refer to in July of 07, biofuels start to show up as a little blip on their supply summary in the first quarter of '06.
I went back through most of the '06 archives and could not find any mention of it at all.
There is a cryptic reference in March of '07.
So I am thinking it finally got bigger than roundoff error in the middle of '06.
Quote:
Other Sources of Supply Growth - Biofuels
Global biofuel production – largely ethanol and biodiesel – is forecast to increase by an impressive 32% in
2008 (+350 kb/d) to reach 1.45 mb/d. This follows similar growth in 2007, albeit from a low absolute base.
Widespread biodiesel growth in OECD Europe accounts for 38% (135 kb/d) of next year’s increase, while
the US, Brazil and non-OECD Asia each adds at least 50 kb/d to prevailing supply (predominantly ethanol
for the US and Brazil, which is included in those countries’ total oil supply data). Nonetheless, despite
sharp increases in percentage terms, this outlook mirrors a generally cautious forecast for biofuels in 2006-
2012 as contained in the MTOMR. Although installed capacity (based on firm projects) potentially reaches
nearly 3.0 mb/d in 2012 from 1.0 mb/d in 2006, either substantial amounts of capacity could remain
underutilised, or some projects may slip. Questions continue to surround biofuels’ economic viability
(given rising feedstock costs), competing claims on land use between energy and food supply and an
apparent lack of specific policy mandates for biofuels uptake within the vehicle fuel pool.
Posted: Thu May 15, 2008 9:17 pm Post subject: Re: IEA reporting biofuels
This is an absolute deception because all biofuels (primarily corn and sugar ethanol, and some palm lipids etc.) use petroleum for planting, cultivation, harvesting, collection and delivery, grinding (and other processing) hydrolization (for corn starches), fermentation or cleaning, and distillation (for all ethanols). This requires DIESEL AND GASOLINE so in effect these phony corrupt *sswipes are double dipping and double counting.
Joined: Apr 06, 2006 Posts: 3613 Location: 3 miles NW of Champoeg, Republic of Cascadia
Posted: Fri May 16, 2008 11:00 am Post subject: Re: IEA reporting biofuels
I read something recently showing some real egregious double counting done by Iran as a matter of course. Didn't bookmark unfortunately. _________________ Cogito, ergo non satis bibivi
The Dude Is Not In: Leave A Message After The Beep.
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