by Plantagenet » Thu 16 Feb 2017, 20:45:29
$this->bbcode_second_pass_quote('spike', '
')Simmons never had much behind his arguments. There is no real evidence in his book that the Saudis are about to experience a peak....
I guess if you ignore the facts in Simmon's book then there isn't much evidence there.
But wait! Maybe the facts are important here? Maybe facts have something to do with evidence? Can you comprehend that idea?
If so, then lets examine the question of whether or not KSA is "about to experience a peak" as you put it.
Simmons pointed out in his book that the amount of oil that has already been produced from Ghawar is enormous. The fact that a huge amount of oil has already been produced at Ghawar is indisputable. Are you with me so far on that FACT or do I have to explain it all again for you?
OK...if you now understand the basic FACTS on how much oil has already been produced then lets take the next step. What is the best estimate of total recoverable oil at Ghawar? Here things are more subject to interpretation because ARAMCO, like many oil companies, doesn't share all their data. So Simmons looked at the available data and made a reasonable guess.
Still with me on this? OK----here's the complicated part. Simmons did some Mathematics. He SUBTRACTED the amount of oil that has already been produced from a best guess estimate of recoverable reserves and estimated the remaining oil in the reservoir.
OK---last step coming. Simmons then did some more MATHEMATICS. He divided the estimate of the remaining oil in Ghawar by the average annual production rate (which is another known FACT) to get an estimate of how much longer Ghawar can produce at the present rate.
Simmons concluded from the FACTS mentioned above that Ghawar would peak soon. Given the FACTS he had available to work with, his conclusion seems reasonable to me.
Cheers!

Ghawar may be the largest and most prolific conventional oil field on earth, but it isn't infinite. At some point oil production will peak and then fall at Ghawar.