Revi wrote:Of course everyone is expecting shale oil to hold up the oil market for the foreseeable future as well. It may make a big difference, but it's just enhanced recovery of the oil that exists. I think it's going to extend the plateau for a while, which is fine, but eventually even that won't hold up. I just hope it lasts until I plan on retiring.
http://www.thenews.com.pk/Todays-News-3 ... il-by-2020
shortonoil wrote:. Any Reservoir Engineer will tell you that initial estimates are almost always optimistic. They spend a lot of time tweaking and testing to get accurate projections for a field!
Shortonoil wrote:Determining reservoir status for the world (48,000 fields) is in an altogether different league. One that is probably outside the scope of conventional methodology for the level of accuracy that we are seeking here.
pstarr wrote:onlooker wrote:Anyway, you quoted ASPO, not Campbell. Unless Campbell has managed to grow several hundred extra arms and legs recently, he is not ASPO.
AdamB is Kali, the Goddess of Many Hands. She slays the doomers
We are going to be headed into very different times.
Revi wrote:Well, now that this thread has been bumped, what does 84% depletion mean?
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