Peak Oil is You
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Page added on March 21, 2013
US Crude Oil Production 1920-2012
The Archruid yesterday posted a graph that purported to be US oil production from 1920-2012:
In fact, his graph only goes through 2010. The full record through 2012 is as follows:
Production in 2013 is likely to be over 7mbd.
The full graph makes it clear that the tight oil boom of the last few years is now considerably more significant to US oil production than the onset of Alaskan production in the late seventies and early eighties. However, this is still not an imminent threat to the peak of US production in 1970.
3 Comments on "US Crude Oil Production 1920-2012"
BillT on Fri, 22nd Mar 2013 12:24 am
This is just a bubble that will turn down soon. Be patient. Fraking is a losing battle and off-shore is too expensive. Then there is the collapsing financial system and the shrinking pool of investment money/fools. Not to mention that we still import most of our oil.
SilentRunning on Fri, 22nd Mar 2013 12:48 am
It would be interesting to compare the amount of money and resources needed to frack all of those thousands of wells vs. the small number needed to develop the north slope in Alaska. I would guestimate that 10-20 times as much money has been spent to produce only 1.5x as much as the Alaskan oil bump.
Not to mention the very ugly fact that those fracked oil wells of the past decade deplete at an alarming rate, so that the drilling has to continue – um – continually.
No, all this actually proves the peak oil hypothesis quite nicely – the last oil to be developed has significantly higher and higher costs – until the point is reached where it takes as much oil/resources to develop the well as the well produces. At that point, there will certainly still be “oil in the ground” but it is pointless to try and exploit it.
EROEI keeps dropping – but the pro-oil crowd is too addicted/brainwashed to see the handwriting on the wall.
Arthur75 on Fri, 22nd Mar 2013 12:59 pm
Below last forecasts from Jean Laherrère, from a new report to appear soon :
http://i.bnet.com/blogs/laherrere_all_liquids_production_1900-2200.jpg