EYE on the World - Non-OPEC OIL Production - Peaked?

Has Non-OPEC OIL Production Peaked?



Serious trends. when combined with the OPEC decline starting in December 2016. All this integrates and correlates well with peak discoveries, major well life expectancy (40 years), fracking as a short term bandage and Hubbard's curve. We are now about ten years past expected global peak oil - or are we?

Be careful out there ! 

First Financial Insights

United States C+C production peaked in April at 9,694,000 bpd and has dropped half a million barrels per day by December to 9,191,000 bpd.




Here is a 2 year chart of US production that gives an amplified look at what is happening. November and December production is now below November 2014 production.



Non-OPEC C+C peaked in December at 47,207,000 bpd and dropped 763,000 bpd to 46,444,000 bpd by October.  The above chart, I believe, clearly shows that Non-OPEC production is in a downward trend. There is little doubt that this trend will continue for the next year or so. The question is how far will it drop before an increase in prices brings back enough upstream investment to turn production back around? And how long will that take?

World C+C production peaked in July at 80,531,000 and by October had dropped 461,000 bpd to

EYE on the World - CNN " Doomsday Clock?"

CNN 2016 Doomsday Clock Unchanged?

"CNN's Doomsday clock is overly optimistic as it does not include;  extreme overpopulation, accelerating non-renewable resource exhaustion, rapid acidification of oceans, trending species extinction and destruction of bio-diversity, (particularly, honey bees) and the dramatic loss of arable land and fresh water supplies. In short, there may be about 30 seconds left, at best ... " -  First Financial Insights Inc. 2016

Lawrence Krauss unveils the "Doomsday Clock" Tuesday, showing that the world is now three minutes away from catastrophe.

(WHY ARE THEY SMILING??? - FFI)

http://www.cnn.com/2016/01/26/us/doomsday-clock-feat/

Can Canada Balance Budget with Low Oil Prices?

In all likelihood, the country faces unprecedented monumental budget deficits in the coming years that will cause further downward pressure on its currency. Could the loonie hit .40 or lower? Possibly! Depends on  how long and deep this "transitory" oil price slump lasts. The chart below shows that many other countries are also desperate for higher prices to return - or else,  they too face the prospects of economic, currency and political collapse.  You don't need to be a rocket scientist orNoam Chomsky to figure out where future social turmoil and political unrest is most likely to occuron our planet -  and clearly why.

 Brent Crude, currently hovers around $33 US a barrel

 - January 26, 2016
http://www.cnbc.com/2016/01/26/us-crude-drops-over-3-percent-as-focus-back-on-supply.html