I just read this article in the New York Times this morning. (registration required link)
It concerns a point I've made before 'round here somewhere about many signs we are approaching the peak of world petroleum production. The article discusses the current, growing problems in the production of Saudi Arabian oil fields. Turns out they are starting to experience recovery problems and they ain't really discovering any new reserves.
Someday, I'll post a longer discussion of this very important issue. But for now, read this article, especially if you are one of those people who believes oil will last a long time. Sure, there may be oil production in 40 years, but not much. And it could be very soon that production cannot keep up with demand.
Enjoy yer day....
The View From The Summit of the Petroleum Curve
The whole thread (45 posts)
- The View From The Summit of the Petroleum Curve
- Difference between discovery curves and production curves
- The article doesn't really say that
- only from the headline on down (n/t)
- Only if you don't read it. Don't forget:the NYT is lying to you (n/t)
- Everyone is lying to me, it comes from the top.
- No, just the NYT. SA has vast proven reserves untouched.
- Of course, as always, drilling for new reserves is completely out of the question. (n/t)
- Everyone is lying to me, it comes from the top.
- Only if you don't read it. Don't forget:the NYT is lying to you (n/t)
- only from the headline on down (n/t)
- All we need is a 0.5% shortfall.
- Running on Empty
- Grim. I didn't realize how grim.
- We're walking off of a cliff
- Too Pessimistic. The future will be Magnificent!
- re:And build a high speed train network!:) (n/t)
- Lessee. If I am in the US, and my job is in India - A train? (n/t)
- We are not French, we don't know how to build trains that work (n/t)
- re: re:And build a high speed train network!:)
- We're walking off of a cliff
- Grim. I didn't realize how grim.
- Running on Empty