It's really big news.

Listening to the 'market experts' on your evening news, you could be forgiven for thinking that oil production is governed purely by economic theories. It is going to be a painful lesson, but even the economists will soon learn that the production of oil is in fact governed by very sound geological principles and the laws of physics.
How can you double something and still have ten times less than you started with?
The answer to this question will help us reassess claims that advances in oil field technology will postpone the peak in global oil production. The question itself arises from a case study of Enhanced Oil Recovery in the Handil Oil Field in Indonesia.


Observant fans may have noticed a lack of new stories here recently (although new astrophotos are being added to the Gallery).
My excuse is that I am now an editor for the Australia/New Zealand 'local edition' of The Oil Drum, a news and discussion site for all things concerning peak oil and our sustainable transport and energy future. Oil prices, transport and energy are certainly in the news now, but you can read the latest analysis and ideas on the blogsites months (even years!) before they hit the mainstream media.
Over breakfast on Friday 29th June, I was fortunate enough to hear Christof Ruehl (Group Chief Economist, BP plc) present the BP Statistical Review of World Energy 2007 in Melbourne. This is not intended as a complete summary of the presentation, since the slides and full speech notes are available from the BP Website.
Phil Hart and Chris Skrebowski - 30th May 2007
Industry professionals and studious observers, through the Association for the Study of Peak Oil (ASPO) and other networks, have made a remarkable contribution to the dialogue concerning future oil production. They continue to provide detailed analysis, using all of the data available to them, and present a compelling argument for a near-term peak in global oil production. A growing number of government, corporate and community stakeholders find the case convincing and increasingly robust.
MEDIA RELEASE: TUESDAY 29th MAY 2007
Everybody is feeling a little short changed when it comes to petrol prices.
But Phil Hart, from the Australian Association for the Study of Peak Oil, is not upset with the price at the pump. Instead, he is wound up by the economists and their explanation that high prices are the fault of refineries in the United States. While there is a grain of truth to that argument, the US has for a long time required imports to make up for a shortfall in refining capacity.

The Association for the Study of Peak Oil in Melbourne is hosting the opening night of a new, award winning peak oil movie:
Book Now at www.cinemanova.com.au or Phone 03 9349 5201.
Tickets $20, $18 Concession
Includes glass of wine on arrival
Join Kenneth Davidson (The Age Senior Economics Journalist), Phil Hart (that's me!) and Elliot Fishman (Institue for Sensible Transport) in a panel discussion following the film on the phenomenon of Peak Oil.
You can also download and distribute a PDF for this event.
All those folks who think I should get a real job can go jump.
I'm famous now.. two articles in 'The Age' in the space of five days.
Read all about it:
Oil Companies Running Hard to Stand Still:
The Age, Business Section back page, Friday 16th March 2007.
Esso/BHP could put carbon under sea:
The Age, Business Section, Tuesday 20th March 2007.