Re: Peak oil: Do you want it to occur?
Posted: Sat 29 Dec 2007, 20:44:51
Wake me up when any of these start producing even 500,000 b/d. Ghawar is around 4.5 mb/d. Cantarell was about 2mb/d (dropping like a stone) and Burgan was up to 1.7 and has been dropping as well.
I'm not saying new production isn't happening- I'm glad for these finds- they will soften the blow- but they will not be able to match the monsters of the past. They could have 2 trillion barrels of oil- its all about recovery rates...
As well as EROEI...How much energy do some of these fields need to get out useful product?
Again- wake me up when all those billions of barrels of untapped oil really turns into recopvered product...
And take a look at Dude's graph again...it tells the story...
I'm not saying new production isn't happening- I'm glad for these finds- they will soften the blow- but they will not be able to match the monsters of the past. They could have 2 trillion barrels of oil- its all about recovery rates...
As well as EROEI...How much energy do some of these fields need to get out useful product?
Again- wake me up when all those billions of barrels of untapped oil really turns into recopvered product...
And take a look at Dude's graph again...it tells the story...