Today's Peak Oil Links

Oman: 17 years proven reserves at current extraction rates.

“China emerged the main importer of Oman crude during 2004, accounting for 40.3 per cent of export volumes as against a 27.7 per cent share in 2003. Thailand stood second, lifting 16.4 per cent of Omani crude compared to 18.6 per cent in 2003. South Korea was third with a share of 15.9 per cent while Japan was in fourth place with a 15.5 per cent share.”

What’s even more interesting is that Oman pumped less in 2004 than in 2003.

Crude oil exports reached 263.6 million barrels in 2004 compared to 278.5 million barrels in 2003.

Seems a little odd at times of high prices, no?

Nigeria & China: As part of its quest for more oil supplies, China has inked a major oil supply pact with Nigeria under which the latter will supply 30,000 barrels of crude a day to the former.

Politics continue over CNOOC bid for Unocal: Committee to weigh CNOOC bid’s national threat

Yet, ExxonMobil is working in China on a $3.5 billion refinery expansion and Russian energy giant Lukoil wants Lukoil branded gas stations in the US

Interconnected we are.

Oil Companies Embrace Green (as in Cash) Energy

Big media starting to muse about Peak Oil more and more: Washington Post

The Exxon report, issued last year, forecasts a peak in oil production outside of the Middle East and other countries not belonging to the Organization of Petroleum Exporting Countries by 2010. By 2030, a decline in global oil production will be aggravated by a world demanding 50 percent more of the stuff than it uses today, the report said.

The way I figure it, if the oil companies run dry without a plan, that’s really bad for them. But in no way can that be good for us.