Surprise! Saudi Arabia is no longer wholly-owned gas station of the United States
It has been apparent to anyone paying attention that Saudi Arabia was and would be limiting its oil production. We got another reminder last week.
Export Land Model
Jeffrey J. Brown: Hurricanes & US Oil Production
To discuss the ramifications from these storms on the oil markets, geoscientist and oil explorer Jeffrey Brown returns to the podcast. He calculates that Harvey alone will have long-lasting effects such as lingering supply shortages, but his greater focus is attuned to the growing validation of his Export Land Model, which calculates the rate at which oil-producing nations cease to become net exporters as their domestic consumption increases.
To Understand The Oil Story, You Need To Understand Exports
Over the past ten years, it has taken us trillions of dollars, basically, to keep us on an undulating plateau in actual crude oil production. What happens going forward?
IEA Oil Market Forecast: Optimistic Assumptions And An Economy Unable To Grow Out Of Its Problems
The International Energy Authority does does its best to paint a rosy picture of peak cheap oil. The reality is an economy which can no longer grow its way out of its problems.
Commentary: The export capacity index
In this paper, I briefly review recent global crude oil and liquids production numbers, and I review the Export Land Model (ELM). I also introduce the concept of the Export Capacity Index (ECI), which is simply the ratio of total petroleum liquids production to liquids consumption in net oil exporting countries. I then compare the ELM to actual case histories, and I discuss Global Net Exports of oil (GNE) and what I call Available Net Exports (ANE), or GNE less the Chindia (China + India) region’s combined net oil imports.