[Free]

Yes cool picture, could somebody calculate the summarized graph of all the single graphs? Because now it's sort of not really clear how strong that downtrend is, some heading upwards...

[BabyPeanut]

$this->bbcode_second_pass_quote('Free', 'Y')es cool picture, could somebody calculate the summarized graph of all the single graphs? Because now it's sort of not really clear how strong that downtrend is, some heading upwards...

[BabyPeanut]

I converted the table from the PDF into a spreadsheet and graphed it myself.
[url=http://static.flickr.com/31/55169995_093d92355f_o.png]
(click to zoom in)[/url]

[BabyPeanut]

$this->bbcode_second_pass_quote('LadyRuby', 'T')hat's a nice figure! The only one who looks like they are keeping up is BP. I wonder how much of BP's increase is from their 2003 purchase of TNK in Russia.

[The_Toecutter]

BP, that chart is showing about a 2.5-3% decline rate. That's about what I expected.

But even that kind of decline rate can turn out very disasterous, especially when the oil consuming nations refuse to switch to alternatives in effort to keep profit margins and incoming tax revenue maximized... Aren't we in for a bumpy ride?

[Free]

Thanks for the work BP, that's as clear a "sentence" as one can get...

[gary_malcolm]

$this->bbcode_second_pass_quote('rockdoc123', 'I') assume this is just oil or does it include condensate...quite common in the large companies...their production is large to begin with...to show reserves replacement...the investment community...difficult in oil ...targets are smaller...gas...year rates... continued dividends.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'B')lah, blah, blah, blah, blah.

READ: Oil Companies producing less than before.

Not potential, not maybe, not coulda-shoulda-woulda.

[BabyPeanut]

$this->bbcode_second_pass_quote('rockdoc123', 'T')o take a more in-depth look at this I put together info from annual reports for 43 multi-nationals and independents.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'C')an you cite your sources?

[senna]

Hello,
This is a great resource site "Thanks Peak Oil" to ask questions of the future of oil exploration and maybe not have to depend on the middle east for N America's supply. I am looking for information on new publically traded companies involed in sand/tar oil extraction like Nevtah. I am looking into the companies X-Trac Energy Inc now UTAR Energy Inc. Any comments welcome...I look forward to reading the threads about this incredible new industry.

Respectfully,
senna

[EnviroEngr]

If FatherOf2 is lurking....

[Snowrunner]

Back in October I went up to the Oilsands in Alberta and took a tour of one of the mines. The video I shot is pretty crummy (imo), but I have it all tacked together and put online.

So, if anybody wants to see how the oil gets from the Sand to the Gasstation, have a look here:

http://video.google.com/videoplay?docid ... 4639817526

This is around an hour long, but Google offers you to download it for local use.

Enjoy.

Michael

[grabby]

Here is a nice post for the newbies like me, who don't really understand much about drilling, here is a short blurb.

the link follows.

maybe we can explain the various driling technologies and methods used in an ever decreasing oil drilling adventure... So we can understand the difficulties...

Anyway I thought it was real cool.

$this->bbcode_second_pass_quote('somearticle', '
')Moose-1 is sited about 100 kilometres north of the tip of the Gulf of Papua, and has a planned depth of 1700 metres. If Moose-1 was sited in the Cooper Basin, InterOil could drill the last 600 metres before the Moonee Valley Cup, but at the rate it's been going it'll be lucky to make it by next Easter.

Pierpont's expertise in oil exploration technology is slight, but his stockmarket experience is that wells which have a long, troubled drilling history rarely turn into gushers.

That's a silly statement, of course, because oil gushers stopped happening half a century ago, even before James Dean struck one in Giant. Modern blow-out preventers keep the oil in the ground until it can be pumped out and sold.

One point which worries Pierpont about Moose-1 is that it doesn't look like a gusher. Although the well has found oil, he has seen no reports that the oil is able to flow to the surface. In late August, InterOil announced that Moose-1 had found 14 occurences of live oil (which means drops rather than stains) over an intersection of 135 metres.

Jolly good, but the announcement went on to say there was insufficient data to say whether the discoveries were of commercial significance. Many wells in PNG have encountered live oil and been uncommercial. As far as Pierpont is concerned, live oil doesn't mean much unless it flows.

So the oil may be alive, but it's not moving up and that could be a problem. Moose-1 has been drilled through limestone and shale. Oil can be found in limestone formations, which sometimes produce quite good oilfields.

However, limestone formations also contain holes and sometimes even caves and these are most unhelpful to a would-be oil producer.

If an exploration drill hits a hole, the driller has to pump down cement until the hole is filled if he wants to drill ahead. If the hole turns out to be a cave, it might require an awful lot of cement. Moose-1 struck a few holes on the way down.

InterOil's chief executive, Phil Mulacek, told Pierpont that the drillers had to plug the limestone holes with about 100,000 barrels of mud.

In some spots they had been losing mud at the rate of 3000 barrels an hour.

Phil said that was good, because if the formation could take mud at that rate, oil could flow back at the same effective rate.

[lorenzo]

$this->bbcode_second_pass_quote('', '[')b]Increasing Oil Supply

New extraction technologies could as much as double accessible world oil.

The amount of accessible oil worldwide could eventually be increased by roughly 30 percent with the help of new drilling, imaging, and oil extraction technologies, including the use of microbes, say MIT researchers. Theoretically, this number could be even higher; in a best-case scenario, the amount of oil that could be produced would double.

http://www.technologyreview.com/read_ar ... 16767&pg=1

[killJOY]

The subtitle of this article is "Fun With the Word 'Could.'"

[auscanman]

No technologies in the article sound like they are anywhere near being commercially feasible. The stuff towards the end of the article really sounds like a pipe dream. It'd be great if microbes could actually chop off long hydrocarbons, but that's got a long way to go.

I almost hope none of these developments pan out, since they would lower the price of oil, act as a disincentive for development of alternative energies and eventually lead to cliff oil with a presumably much larger population and worse environmental and climatic degredation, rather than the slow dropoff currently expected within the next few years

[MacG]

Yea, yea. Great, Even if it's true, then what? Fossil is fossil. Hubbert nailed it in Science in '49. Fossil run out.

Listen here: I know you are scared. I'm scared too. It is much worse before it happen. As soon as it happen, it's just a matter of coping with it, and it's much easier just of a sudden. Like riding a rollercoaster - the way up is the worst. As soon as it starts the downslope, you stop worrying and start enjoying the ride. We all know where it will end, dont we?

[EnergyHog]

$this->bbcode_second_pass_quote('MacG', 'Y')ea, yea. Great, Even if it's true, then what? Fossil is fossil. Hubbert nailed it in Science in '49. Fossil run out.

Listen here: I know you are scared. I'm scared too. It is much worse before it happen. As soon as it happen, it's just a matter of coping with it, and it's much easier just of a sudden. Like riding a rollercoaster - the way up is the worst. As soon as it starts the downslope, you stop worrying and start enjoying the ride. We all know where it will end, dont we?

[Concerned]

$this->bbcode_second_pass_quote('killJOY', 'T')he subtitle of this article is "Fun With the Word 'Could.'"