Peak Permian, Global Peak Oil will happen in 2020's
Posted: Mon 13 Nov 2017, 16:29:10
The world hit peak conventional oil production in ca. 2005, just as predicted by Colin Campbell and others who looked at the world's conventional oil fields.
However, global oil production has continued to rise even after the peak in conventional oil production due to unconventional oil, especially US shale oil in the Bakken, Permian Basin, etc. The US has added over 5 million bbls of oil production per day from these unconventional oil fields.
Although US oil production is still rising, its looking like the unconventional oil plays in the US may also peak soon. For instance, oil production in the Permian Basin will probably peak within the next three years.
peak-permian-only-3-years-away
If we hit "Peak Permian" in 2020, and if other unconventional oil fields also start to peak, then we will be right back looking at global peak oil again. Yes the predictions of a global oil production peak in 2005 were wrong----but global oil production will likely peak in ca. 2020, as we reach peaks in US Permian oil production and other unconventional shale oil production, and as conventional oil production continues to fall.
Cheers!
Peak US Permian Oil production in 2020 means Global Peak Oil in 2020
However, global oil production has continued to rise even after the peak in conventional oil production due to unconventional oil, especially US shale oil in the Bakken, Permian Basin, etc. The US has added over 5 million bbls of oil production per day from these unconventional oil fields.
Although US oil production is still rising, its looking like the unconventional oil plays in the US may also peak soon. For instance, oil production in the Permian Basin will probably peak within the next three years.
peak-permian-only-3-years-away
If we hit "Peak Permian" in 2020, and if other unconventional oil fields also start to peak, then we will be right back looking at global peak oil again. Yes the predictions of a global oil production peak in 2005 were wrong----but global oil production will likely peak in ca. 2020, as we reach peaks in US Permian oil production and other unconventional shale oil production, and as conventional oil production continues to fall.
Cheers!
Peak US Permian Oil production in 2020 means Global Peak Oil in 2020