Peak Oil in Egypt

This article points to the unspoken truth of what lies behind the political and social upheaval in Egypt

2/3 of Egypt’s oil is gone 20 years after its peak

No matter who is ruling Egypt and for how long, this country faces a crippling energy crunch which contributes to the general dissatisfaction of the public and the accelerating changes we see in this country.

27/6/2013 By Wednesday afternoon, June 26, traffic in Cairo went from a gridlock of cars jammed around gas stations to eerily empty as the gas shortage discouraged drivers from going out. By Thursday, traffic jams were again at their worst, with people complaining of commutes taking hours. Worried about escalating tensions with the gas shortage hitting the country before protests planned for June 30, many offices have been letting their employees stay home in preceding days. http://www.al-monitor.com/pulse/originals/2013/06/egypt-gas-shortage.html

Crude Oil Peak,

4 July, 2013

Egypt’s Gas Shortage Fuels June 30 protests

Ration cards for subsidised fuel come to Egypt in fall: Minister

12 May 2013 Egyptian authorities will distribute in October smart cards as part of its new system for rationing government-subsidised fuel, Finance Minister Fayad Abdel-Moneim told the state-run Al-Ahram Arabic website Sunday. Under the new system, consumers will be provided with limited amounts of subsidised fuel, beyond which they will have to pay at market prices. Egypt, which spent LE120 billion in fuel subsidies this fiscal year, according to former Petroleum Minister Osama Kamal, is obliged to implement drastic cuts to rein in a galloping budget deficit and secure a $4.8 billion International Monetary Fund loan. Kamal, who spoke to Ahram Online last month, expected the smart card system to save some LE30 billion out of Egypt’s fuel subsidy bill, which the government expects to reach LE99.6 billion, in the coming 2013/14 fiscal year — some 15 percent of total forecast public expenditures.

Under the new system, vehicles with smaller engines (1,600cc or smaller) will be assigned an annual 1,800 litres of petrol at the subsidised price. If consumption exceeds this amount, motorists will have to buy petrol at market prices, according to statements made by then-Planning Minister Ashraf El-Araby to the state owned MENA news agency in March.

Cars with larger engine sizes will not be eligible for subsidies, said El-Araby. Final market prices for petrol have not been announced yet; nor have the prices at which petrol will be sold to commercial vehicles.

http://english.ahram.org.eg/NewsContent/3/12/71297/Business/Economy/Ration-cards-for-subsidised-fuel-come-to-Egypt-in-.aspx ..
Peak production was in 1993, 20 years ago. We see that ever growing consumption (from an ever growing population) has hit the production curve, now 23% lower.

The up-tick in production comes from using modern technology (like fracking) in joint ventures of the Egyptian General Petroleum Corporation and Western oil companies

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