US Crude Oil Production — Hubbert Peak Oil Theory Revisited

14 Comments on "US Crude Oil Production — Hubbert Peak Oil Theory Revisited"

dave thompson on Sun, 1st Apr 2018 10:51 pm 



LOL no mention of peak discovery back in the 60’s.

MASTERMIND on Sun, 1st Apr 2018 11:51 pm 



Oil discoveries in 2017 hit all-time low –Houston Chronicle
https://www.chron.com/business/energy/article/Oil-discoveries-in-2017-hit-all-time-low-12447212.php

We are using the most oil ever and finding the least oil ever..What could go wrong?

Kat C on Mon, 2nd Apr 2018 4:30 am 



Hubbert was predictiong for conventional crude, not all sources. If things are hunky dory why are we drilling miles under the ocean, fracking ever poorer wells, using water injection to get the last bit out of aging wells. Extending the peak means a bigger crash when it comes.

Meanwhile ever poorer ERoEI’s mean the gross charts are off. Net oil is all you get to use http://www.doomsteaddiner.net/blog/tag/eroei/

Anonymous on Mon, 2nd Apr 2018 6:53 pm 



Hubbert got his butt kicked by LTO. Y’all are making excuses. The only things he factored out were tar sands and kerogen (oil shale, not shale oil). And he said he was anticipating new finds and methods. His paper was about all the oil in the “sedimentary basins”.

He was wrong pre war too. When he was a Technocrat in the 30s, he predicte peak at 1950! Just a typical peaker like Colin Campbell or Deffeyes. Getting his butt kicked for making doomer rojections that didn’t work out.

peakyeast on Tue, 3rd Apr 2018 6:48 pm 



One doesn’t need to know anything but the extraction of unconventional and deep sea oil to know that the end of the line is getting close.

All that fixation about a certain peak-time is completely besides the point – which has been pointed out many times.

Prepare for the diminishing returns – invest accordingly.

Prepare for the worst and invest towards the best scenario – i.e. a stable reduction in available energy and resources world wide.

Boat on Tue, 3rd Apr 2018 7:02 pm 



Katc

Why? The rest of the world are not Texans. Russia, liyba, Nigeria, Brazil, Venz, Iraq, Iran all have plenty of oil and have for decades. Them boys are tech poor and need lots of help.
Cutting edge? That’s why you see foriegners with beards.

MASTERMIND on Tue, 3rd Apr 2018 8:56 pm 



Anonymous

Hubbert was proven right twice..Once for the US and twice for the world.

http://www.nature.com/nature/journal/v481/n7382/full/481433a.html

So yeah…

MASTERMIND on Tue, 3rd Apr 2018 8:57 pm 



Annoumous

Hubbert was right you dumb denier!

http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
https://www.scientificamerican.com/article/has-peak-oil-already-happened/

MASTERMIND on Tue, 3rd Apr 2018 9:04 pm 



Peak oil is not a myth
https://www.chemistryworld.com/opinion/peak-oil-is-not-a-myth/7102.article

MASTERMIND on Tue, 3rd Apr 2018 9:11 pm 



Imminent peak oil could burst US, global economic bubble – study

https://www.theguardian.com/environment/earth-insight/2013/nov/19/peak-oil-economicgrowth

Boat on Tue, 3rd Apr 2018 9:48 pm 



Mm

Which of these studies do you believe. You back to dooming on 2018?

Boat on Tue, 3rd Apr 2018 9:54 pm 



Where is the study that says Russia/OPEC along with the planned suicide of Venz is responsible for higher prices now and in the midterm future. Kids and their studies.

MASTERMIND on Wed, 4th Apr 2018 12:44 am 



GM announced that it would no longer report new-vehicle unit sales in the US on a monthly basis anymore
http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2018/apr/0403-sales-advisory.html

Tesla Is ‘Structurally Bankrupt’ But So Are GM And Ford

https://www.forbes.com/sites/erikkobayashisolomon/2018/02/22/tesla-is-structurally-bankrupt-but-so-are-gm-and-ford/#2c7d6c10203c

MASTERMIND on Wed, 4th Apr 2018 1:13 am 



Peak oil is not a myth -The Royal Society of Chemistry

Current data for the decline in oil fields’ production indicates that around 3 million barrels per day of new production must be achieved year on year, simply to sustain supply levels. This is equivalent to finding another Saudi Arabia every 3–4 years. In this context, fracking is at best a stop-gap measure. Conventional oil production is predicted to drop by over 50% in the next two decades and tight oil is unlikely to replace more than 6%.

Once conventional oil’s rate of loss exceeds unconventional oil’s rate of production, world production must peak. Production of sweet, light crude actually peaked in 2005 but this has been masked by the increase in unconventional oil production, and also by lumping together different kinds of material with oil and referring to the collective as ‘liquids’. (More recently, the term ‘liquids’ is often upgraded to ‘oil’, which is highly disinformative since the properties of the other liquids are quite different from crude oil.)

https://www.chemistryworld.com/opinion/peak-oil-is-not-a-myth/7102.article