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RE: The Inconvenient Truth About Saudi Oil Reserves?

in #market7 years ago

Conventional Oil Peaked in 2006 –IEA-EIA-NATURE-ENERGY
http://imgur.com/a/uCz7V
http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
http://www.sciencedirect.com/science/article/pii/S0360544213009420

New Oil discoveries by scientists have been declining since 1965 and last year was the lowest in history –IEA
http://imgur.com/a/W60yn

We have been draining our oil reserves by consuming more oil than we discover since the 1980’s – ASPO
http://imgur.com/a/uJ0Rg

Aging giant oil fields produce more than half of global oil supply and are declining (Hook, 2009)
http://www.sciencedirect.com/science/article/pii/S0301421509001281

Saudi Arabian oil reserves are overstated by 40% – Wikileaks
https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

BP 1.7 Trillion barrels proven oil reserves NOT so proven
http://crudeoilpeak.info/oil-reserves-and-resources-as-function-of-oil-price

IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790

UAE warns of world oil shortages ahead by 2020 due to industry spending cuts
http://www.arabianindustry.com/oil-gas/news/2016/nov/6/more-spending-cuts-as-uae-predicts-oil-shortages-5531344/

Saudi Aramco CEO believes oil shortage coming despite U.S. shale boom
http://www.foxbusiness.com/markets/2017/07/10/saudi-aramco-ceo-believes-oil-shortage-coming-despite-u-s-shale-boom.html

Halliburton CEO says oil will spike due to oil shortages by 2020 after Industry Cuts
https://www.bloomberg.com/news/articles/2017-07-12/halliburton-sees-2020-oil-spike-after-industry-cuts-2-trillion

Total CEO warns we are going to have oil shortages around 2020 due to lack of investment & new discoveries
http://www.boursorama.com/actualites/je-suis-convaincu-qu-on-va-manquer-de-petrole-selon-le-pdg-de-total-patrick-pouyanne-9b2d911a65572f5f989a74319b68d296

Chevron CEO warns US shale oil alone cannot meet the world’s growing demand for crude
https://www.cnbc.com/2017/05/01/us-shale-cannot-meet-the-worlds-growing-oil-demand-chevron-ceo-warns.html

HSBC Global Bank warns 80% of the worlds conventional fields are declining and world oil shortages ahead
https://www.research.hsbc.com/R/24/vzchQwb

UBS Global Bank warns of industry slowdown and world Oil Shortages by 2020
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/12136886/Oil-slowdown-to-trigger-supply-crisis-by-2020-warns-bank.html

CitiBank CEO warns of oil shortages coming as soon as 2018
https://www.bloomberg.com/news/articles/2017-09-25/citi-says-get-ready-for-an-oil-squeeze-than-an-opec-supply-surge

Wood Mackenzie warns of oil supply crunch and world oil shortages around 2020
http://oilprice.com/Energy/Crude-Oil/The-Next-Oil-Price-Spike-May-Cripple-The-Industry.html

Energy watchdog warns oil and electricity shortages could develop as investment falls
https://www.cnbc.com/2017/07/10/watchdog-warns-of-oil-and-electricity-shortages-as-investment-falls.html

Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead
https://www.bloomberg.com/news/articles/2016-08-29/oil-discoveries-at-a-70-year-low-signal-a-supply-shortfall-ahead

Why investors’ should brace for a devastating oil shortage ahead around 2020
http://www.marketwatch.com/story/why-investors-should-brace-for-a-devastating-oil-shock-ahead-2017-07-03

People are almost completely ignoring a looming crisis for oil
http://www.businessinsider.com/the-future-of-oil-supply-and-demand-2016-9

IEA Says Price Spike Coming In 2020 due to oil shortage caused by oil depletion
http://oilprice.com/Energy/Energy-General/IEA-Price-Spike-Coming-in-2020.html

Oil demand may exceed supply by up to 4 million bpd by 2019: Trafigura
http://www.reuters.com/article/us-asia-oil-appec-trafigura/oil-demand-may-exceed-supply-by-up-to-4-million-bpd-by-2019-trafigura-idUSKCN1C10AM

World Oil Shortages To Lead To Oil Price Spike By 2020s, warns VP Goldman Sachs
http://oilprice.com/Latest-Energy-News/World-News/Supply-Crunch-To-Lead-To-Oil-Price-Spike-By-2020s-Expert-Says.html

China Government Study: Says its Oil Production About to Peak in 2018 & Coal in 2020 (Wang, 2017)
https://link.springer.com/article/10.1007/s12182-017-0187-9

Mexico Oil Reserves Gone in 9 Years Without New Finds
https://www.bloomberg.com/news/articles/2017-03-31/down-10-mexico-oil-reserves-gone-in-9-years-without-new-finds

Saudi Arabia may be out of oil to export by 2030 – Citibank
http://www.aljazeera.com/blogs/middleeast/2012/09/35876.html

Does OPEC really have 80 percent of the world’s oil? Maybe not.
https://www.csmonitor.com/Environment/Energy-Voices/2012/0913/Does-OPEC-really-have-80-percent-of-the-world-s-oil-Maybe-not

Kuwait Oil Reserves only Half the Official Government Estimates
http://www.resilience.org/stories/2006-01-20/kuwait-oil-reserves-only-half-official-estimate-piw/

Edinburgh Study: Only 10 years of UK’S North Sea Oil and Gas Remaining (Thompson, 2017)
https://www.ed.ac.uk/news/2017/uk-oil-and-gas-reserves-may-last-only-a-decade

The world’s biggest oil trader Vitol says US oil production will peak in 2018
https://www.reuters.com/article/us-commodities-summit-vitol/u-s-oil-output-may-be-set-for-last-spike-in-2018-vitolidUSKBN1CF1MZ

The Mighty U.S. Shale Oil Industry to Lose Another $20 Billion In 2017
https://srsroccoreport.com/the-mighty-u-s-shale-oil-industry-to-lose-another-20-billion-in-2017/

MIT Technology Review: Shale Oil Will Boost U.S. Production, But It Won’t Bring Energy Independence
https://www.technologyreview.com/s/507446/shale-oil-will-boost-us-production-but-it-wont-bring-energy-independence/

Long-term estimates of the (EROI) of coal, oil, and gas global productions (Court, & Fizanie, 2017)
https://victorcourt.files.wordpress.com/2016/08/court-fizaine-2017_long-term-estimates-of-fossil-fuels-erois1.pdf

EROI of different fuels and the implications for society, Energy, EROI and quality of life. (Lambert, & Hall, 2014)
http://www.sciencedirect.com/science/article/pii/S0301421513006447

Cornell University: Energy Studies in the College of Engineering. The Challenges of Peak Oil
http://www.geo.cornell.edu/eas/energy/the_challenges/peak_oil.html

The End of Peak Oil? Why this topic is still relevant despite recent denials (Chapman, 2014)
http://www.sciencedirect.com/science/article/pii/S030142151300342X

The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alive
https://srsroccoreport.com/warning-the-global-oil-gas-industry-is-cannibalizing-itself-to-stay-alive/

WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrocket
https://srsroccoreport.com/worlds-largest-oil-companies-deep-trouble-as-profits-vaporize-while-debts-skyrocket/#comment-50898

USA DOE Study: PEAKING OF WORLD OIL PRODUCTION (Hirsch, 2005)
https://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf

USA GAO Study: Uncertainty about Future Oil Supply. Addressing a Peak and Decline in Oil Production
http://www.gao.gov/new.items/d07283.pdf

Australian Government (Leaked) Study: concludes world peak oil around 2017
https://web.archive.org/web/20170415190328/https://www.aspo-australia.org.au/References/Bruce/BITRE-Report-117-Oil_supply_trends-2009.pdf

German Government (leaked) Peak Oil study concludes: oil is used directly or indirectly in the production of 90% of all manufactured products, so a shortage of oil would collapse the world economy & world governments
https://www.permaculture.org.au/files/Peak%20Oil_Study%20EN.pdf

UC Davis Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)
http://pubs.acs.org/doi/abs/10.1021/es100730q

University of Chicago Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117

‘WORSE THAN 2007’: Top banker warns of looming wave of worldwide bankruptcies
http://www.businessinsider.com/worse-than-2007-top-banker-warns-of-looming-wave-of-worldwide-bankruptcies-2016-1

The World is drowning in Debt, warns Goldman Sachs
http://www.telegraph.co.uk/finance/economics/11625406/The-world-is-drowning-in-debt-warns-Goldman-Sachs.html

Perching Tree: Return of the Global Depression 2.0
https://www.perchingtree.com/return-of-great-depression/

Perfect Storm: Energy, Finance and the End of Growth -Dr Tim Morgan Global Head of Research
https://www.tullettprebon.com/Documents/strategyinsights/TPSI_009_Perfect_Storm_009.pdf

Causes and Consequences of the Oil Shock of 2007-08 (Hamilton, 2009)
https://www.brookings.edu/bpea-articles/causes-and-consequences-of-the-oil-shock-of-2007-08/

World Scientists “Warning to Humanity” signed by 1,700 scientists including the majority of all Nobel Prize Winners
http://www.ucsusa.org/about/1992-world-scientists.html#.WeKJx49Sziw

NASA Study: Industrial Civilization is headed for Irreversible Collapse (Motesharrei, 2012)
http://jayhanson.us/_Biology/OvershootCollapse.pdf

UK Royal Society Study: Now, for the First Time, a Global Collapse Appears Likely (Ehrlich, 2013)
http://rspb.royalsocietypublishing.org/content/280/1754/20122845

Study: Limits to Growth was Right. Research shows we’re nearing Global Collapse (Turner, 2014)
http://sustainable.unimelb.edu.au/sites/default/files/docs/MSSI-ResearchPaper-4_Turner_2014.pdf

Study: Financial System Supply-Chain Cross-Contagion: in Global Systemic Collapse (Korowicz, 2012)
http://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/

The End of the Human Race will be that it will Eventually Die of Civilization –Ralph W Emerson

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