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Page added on September 29, 2009

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Where we really stand with respect to oil and natural gas supplies

A few days ago, I gave a presentation in Poland that talks about how much difficulty the world is having maintaining its oil production. The presentation was not set up to be a response to Jad Mouawad’s recent New York Times article, Oil Industry Sets a Brisk Pace of New Discoveries, but in many ways it is one. Our recent discoveries really have not been enough to make up for our many production problems elsewhere. We are having problems not only with oil, but with natural gas. The solution the financially distressed world is increasingly considering is . . . well, read the story to see.

I began with a slide that shows the current top crude oil producers in the world (based in EIA May figures) and noted that, at the moment Russia is at the top.

http://www.theoildrum.com/node/5821



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