2nd largest oil field in the world, Mexic’s Cantarelle, declining rapidly
Mexican oil exports: start saying adios! Martin Payne . 19 Mar 2008.Energy Bulletin. 1) This story illustrates the problem of RATE of production – you might have a lot of oil, but if you can only...
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Oil Crunch 2015: UK Industry Task force on Peak Oil & Energy Security (ITPOES)
Ahmed, N. 28 Mar 2014. Ex govt adviser: “global market shock” from “oil crash” could hit in 2015. The Guardian. Former oil geologist Dr. Jeremy Leggett, identified 5 “global systemic risks (oil...
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Gail Tverberg: Eight Pieces of Our Oil Price Predicament
Eight Pieces of Our Oil Price Predicament October 22, 2014, by Gail Tverberg A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high...
View ArticleGiant Oil Field Decline Rates
Summary of article 1, Cobb’s “Aging Giant Oil Fields” 2013 The world’s 507 giant oil fields comprise a little over 1% of all oil fields, but produce 60% of current world supply Of the 331 largest...
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Giant oil field decline rates and their influence on world oil production
Excerpts from: Hook, M., Hirsch, R., Aleklett, K. June 2009. Giant oil field decline rates and their influence on world oil production. Energy Policy 37(6): 2262-2272 Future trends in giant oil field...
View ArticleCoal-to-liquids (CTL) can not compensate for declining oil & natural gas...
Notes from 23 page: Höök, M. & Aleklett, K. 2010. A review on coal-to-liquid fuels & its coal consumption. International journal of energy research Vol. 34 10:848-864 Annual decline in existing...
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The difference between depletion and decline rate in oil fields
Notes from 26 page: Höök, M., Davidsson, S., Johansson, S., Tang, X. 2014. Decline and depletion rates of oil production: a comprehensive investigation. Philosophical Transactions. Series A:...
View ArticleWhen will the Alaska pipeline turn into an 800-mile-long Popsicle?
[Below are excerpts on the Alaskan pipeline from Rust: The Longest War by Jonathan Waldman. This is a great book, yet leaves so many possible rust stories uncovered, that I hope Waldman writes Rust II...
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Antonio Turiel: Explaining Peak Oil the Easy Way
Preface. Turiel writes an excellent blog “The oil crash” at http://crashoil.blogspot.com. Turiel explains eloquently why the amount of oil will decline even though there are vast pools of oil left...
View ArticlePeak oil: “It’s the flows, stupid!” Energy abundance depends entirely on the...
Preface. Below are excerpts from two articles on why the FLOW RATE of oil is what matters for our fossil-fueled civilization. It’s like how, when filling up a bathtub, you want to turn the faucet on as...
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