Mexico's Influence in the World's Oil and Gas Supply and Demand

2005 ◽  
Author(s):  
Santiago Gonzalez ◽  
Luigi Alfonso Saputelli ◽  
Michael John Economides
2021 ◽  
Vol 73 (06) ◽  
pp. 10-11
Author(s):  
Dwayne Purvis

As the world reaches a tipping point in its will to address climate change, the industry must find a new way forward, especially in the United States. Many are right to say that oil and gas are not going away; the transition is planned to take 30 years or more and will not decline to zero production. This fact, though, obscures the reality that peaking, then declining, demand for oil—gas is another story—will structurally change and globally redistribute the industry’s exploration and employment. The story of oil supply and demand began its race to the top 150 years ago. “Shortage” and “glut” have meant that paired growth got out of sync, not that there was a real loss of production. For many decades the world has needed about 1 million B/D more each year than the previous year, but on a percentage basis growth has slowed. At the same time supply from previous years declines about 5 to 6% per year, arguably higher in recent years. The treadmill for new supply has been running hot for decades. All major public forecasts in the past year call for oil demand to plateau between now and about 2030 when accounting for ongoing changes to policy. (To be clear, some show a peak in the 2030s in “business as usual” cases, but they also show even sooner peaks if policy and demand changes accelerate). BP’s Energy Outlook 2020 from last fall took the bold—and well-argued—position that peak oil demand is today and that it is only a question of how fast demand declines. “Peak” demand isn’t really a peak like the Matterhorn; it is flatter like a weathered jebel. We know this from the example of the peak oil demand experienced by the developed world. We also know from that experience that forecasting agencies failed to predict the peak OECD oil demand in 2005 literally by decades even as demand turned down. Reversal of demand growth presents a figurative and mathematical inflection point. Though existing production continues, growth becomes negative, and the pace of the new-supply treadmill plummets. When the need for new supply approximately halves, the Pareto principle tells us that the number of new projects required will fall more than half. Thus, the need for those industry professionals preferentially tasked with finding new oil supply—geophysicists, exploration geologists, drillers, reservoir engineers, landmen—may fall quickly. Other disciplines like operations that service existing production will face only the headwinds of cost reductions and then the long, slow slide toward mid-century targets. The United States via its swarm of large and small companies has dominated the global supply story for more than a decade with its unique shale revolution, but it had previously shriveled to a second-tier producer. Fig. 1 shows 55 years of oil production history. Fig. 1a shows the US supply deconstructed to its functional parts while Fig. 1b shows ascendent producers on the same scales.


2019 ◽  
Vol 59 (3) ◽  
Author(s):  
Nathan Fay

This year marks the golden jubilee of Australia’s offshore petroleum industry after the first gas was produced from Bass Strait by Esso and BHP’s Gippsland Basin Joint Venture. For half a century our industry has been driven by technology – pioneering technical excellence and pushing the envelope in the pursuit of much needed oil and gas production. Today, the landscape in East Australia is changing and gas is at the forefront of the discussion. Declines in East Australia’s historical conventional fields have seen gas supply tighten and prices rise. There is a strong need for additional affordable and reliable gas supply. While continued improvements in technology remain a critically important enabler in developing Australia’s gas resources; global supply and demand, regulatory frameworks, and the commercial arrangements that underpin new developments are becoming more and more important. ExxonMobil Australia’s new Chairman, Nathan Fay, has a wealth of experience working with gas markets around the world. He will explain why it is so important for policymakers to establishment a stable free market environment to encourage these long-term relationships. To view the video, click the link on the right.


1993 ◽  
Vol 44 (2) ◽  
pp. 93-112 ◽  
Author(s):  
G.P. Hammond ◽  
R.M. Mackay

2017 ◽  
Vol 4 (2) ◽  
pp. 227-245
Author(s):  
Cahit Kahraman ◽  
İlhan Güneş ◽  
Nanae Kahraman

1989 göçü öncesi, dünyada eşzamanlı olarak gittikçe gelişen ve zenginleşen mutfak kültürü, Bulgaristan Türklerini de etkilemiştir. Pazardaki çeşitlilik arttıkça, yemek alışkanlıkları da değişime uğramıştır. Büyük göçten sadece 30-40 sene evvel kısıtlı imkânlar ile sınırlı sayıda yemek çeşidi üretilirken, alım gücünün artmasıyla yemek kültüründe de hızlı gelişmeler olmuştur. Artan ürün çeşitliliği yemeklere de yansımış, farklı lezzetler mutfaklara girmiştir. Göçmen yemekleri denilince hamur işleri, börek ve pideler akla gelir. Ayrıca, göçmenlerin çok zengin turşu, komposto ve konserve kültürüne sahip oldukları da bilinir. Bu çalışma, 1989 öncesi Bulgaristan’ın farklı bölgelerinde yaşayan Türklerin yemek alışkanlıklarına ışık tutmakla birlikte, göç sonrasında göçmen mutfak kültüründe bir değişiklik oluşup oluşmadığını konu almaktadır. Bu amaçla, 1989 yılında Türkiye’ye göç etmiş 50 kişiye 8 sorudan oluşan anket düzenlenmiştir. Bu verilerden yola çıkarak oluşan bulgular derlenmiş ve yeni tespitler yapılmıştır. Ayrıca, Türkiye’nin farklı bölgelerine yerleşen göçmenler, kendi göçmen pazarlarını kurmuşlardır. Bulgaristan’dan getirilen ürünlerin bu pazarlarda satılması böyle bir arz talebin hala devam ettiğine işaret etmektedir.ABSTRACT IN ENGLISHThe Diversity in Cuisine Culture of the Immigrants from Bulgaria After 1989 MigrationThe Cuisine culture that has been developing and getting rich day by day contemporaneously in the world before 1989 migration has also had an impact on Bulgarian Turks. By the increase in diversity in the market, eating habits have changed. While producing a limited number of food types with limited opportunities just some 30 or 40 years before the ‘Big Migration’, there has been a rapid progress in food culture by the help of the increase in purchase power. Enhancing product range has been reflected in food, and different tastes have entered the cuisines. When we say immigrant, the first things that come to our mind are pastry, flan and pitta bread. Moreover, it is also known that immigrants have a very rich cuisine culture of pickle, stewed fruit, and canned food. This study aims both to disclose the eating habits of Turks living in different regions of Bulgaria before 1989 and to determine whether there has been a difference in immigrant cuisine culture before and after the migration. For this purpose, a questionnaire consisting of 8 questions has been administered to 50 people who migrated to Turkey in 1989. The results gathered from these data have been compiled and new determinations have been made. In addition, immigrants that settled in different regions of Turkey have set their own immigrant markets. The fact that the products brought from Bulgaria are being sold in these markets shows that this kind of supply and demand still continues.


Author(s):  
Gabriel Lefebvre-Ropars ◽  
Catherine Morency ◽  
Paula Negron-Poblete

The increasing popularity of street redesigns highlights the intense competition for street space between their different users. More and more cities around the world mention in their planning documents their intention to rebalance streets in favor of active transportation, transit, and green infrastructure. However, few efforts have managed to formalize quantifiable measurements of the balance between the different users and usages of the street. This paper proposes a method to assess the balance between the three fundamental dimensions of the street—the link, the place, and the environment—as well as a method to assess the adequation between supply and demand for the link dimension at the corridor level. A series of open and government georeferenced datasets were integrated to determine the detailed allocation of street space for 11 boroughs of the city of Montréal, Canada. Travel survey data from the 2013 Origine-Destination survey was used to model different demand profiles on these streets. The three dimensions of the street were found to be most unbalanced in the central boroughs of the city, which are also the most dense and touristic neighborhoods. A discrepancy between supply and demand for transit users and cyclists was also observed across the study area. This highlights the potential of using a distributive justice framework to approach the question of the fair distribution of street space in an urban context.


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