by AdamB » Thu 14 Aug 2025, 13:28:15
$this->bbcode_second_pass_quote('Permanently_Baffled', '
')I think this sounds like the most likely scenario, but do you mind if i ask a question? A lot of the posts i read suggest that production will decline quickly (anything upto 5% per year), why is this ? I notice that the US production peaked in 1970 and dropped by an average of 1% per year , why would the world be different?(source: BP stats review)
For starters, production certain can decline "quickly" (although that is a relative to a frame of reference which you didn't provide), but if your source of information are posts, from any place remotely resembling this website, then you are barking up the wrong tree for any solid information.
As even the amateurs now know. And the suckers have all fled.
Declines of an aggregate are completely dependent on WHAT is being aggregated. Different fields, different geology, the mix between discrete reservoirs and continuous accumulations, etc etc.
$this->bbcode_second_pass_quote('Permanently_Baffled', '
')As for my prediction i will go for peak oil production in 2010 with a gradual decline in production from there on.
Permanently baffled indeed.