3 points are fine.
I suppose I will take on #2.
BooBoo #2
Prediction of enhanced recovery results. Subsection B, starting on pg 38. Says IOR is possible, has been going on for awhile, and builds it into his model.
Completely and thoroughly misses the size and refuses to guess beyond some carnac knowledge. Why? Because, and I quote, "It is not possible to estimate what IOR techniques or processes might be applied to a specific reservoir with detailed knowledge of that reservoir."
For those who are Peakers and do something else for a living, this means YOU.
So lets refer to an expert on individual fields, techniques and processes shall we?
Nansen G. Saleri, Manager, Reservoir Management, Saudi Aramco. "Technology Tomorrow", JPT, April 2006.
What does Mr Saleri think, him being both an insider and in a unique position to know alot more than Hirsch?
"A 10% INCREMENTAL recovery ( change in IOR ) translates to about 1.4 TRILLION barrels of recoverable resources, roughly an additional 50-year supply of global crude oil consumption at current rates."
Thank you Mr Saleri, now we know why Hirsch, when he estimates only 3 mbpd additional production from EOR ( a subset of IOR activities ), has so severely underestimated the mitigating size of IOR, something obvious to those of us who.....<say it again RGR!>....do this for a living.
You have made it pretty easy for me or anyone else actually by pinning your #2 point on one person.
Are you sure you would not wish to include some others who might be harder to discredit???
Mr. Saleri is being used by many to discredit not only Hirsch but Simmons as well.
It seems that you are missing something very substantial in your calculations.
In their own words they believe they can produce "10,12 and even 15 MBPD for the next 50 years" but they will not say how much of it is sour vs. sweet - heavy vs. light and why the hell not offer it up now so the world has a 5mbpd buffer instead of the thin wafer we currently skate about on.
No need to answer - its heavy sour and no one wants it because it is worth less and cost more to refine and you do not get the same amount of gasoline, lower density and on and on and ALL of these things point to peak.
If they have so much then why not allow outside confirmation?
The world might rejoice and the price go down thereby avoiding all these nasty alternatives which some people believe will be bad for future oil sales.
Now we know what they think they can do but what needs to be done??
By some estimates we will need an additional 40 mbpd by 2025.
Someone said we will need to find "8 saudi arabias" to meet demand but I believe that was also accounting for increasing depletion rates elsewhere which we wont even consider at this time.
100 bb 260 bb 410 bb hell lets say 900bb and we will use mark to market accounting to get loans for the company and our stock will shoot the moon and everyone will love us....until the truth comes out that is.
Then we can look back and make comparisons of Enron versus SA.
10% change in IOR = 1.4 trillion barrels - well then tell me why the U.S. and everyone else is not experiencing this through all this new applied technology?
10% of what?!?!!? 100bb/260bb/410bb or hell lets say 10% of the 900bb they say they "could" ultimately recover.
Someone probably wrote a paper saying that SA might have 900 BB so of course they must!!!
If I did not know any better I would think that all this technology could improve recovery above 100% yet that is not possible is it
It is new/old technology that leads to higher depletion rates and thats what we can expect from SA in the future.
I wonder how long Mr. Saleri would be employed if he did not say what his masters wish to hear.
After reading alot of this mans words I feel very comfortable labeling him a cornocopian if he actually believes what he is saying that is and if not then he is a very high paid liar.
You continue to believe SA and I will continue to believe that these bastards are liars for many more reasons then what can openly be discussed in this forum or perhaps even within the confines of the USA.
Some of us know how to read between the lines - when our prez said that we would lower our dependence of middle east oil by blah blah percentage by blah blah timeframe then he means we have no choice and I bet we have no choice because the oil will simply not be available.
I do not do my PO homework that much anymore as I am more into learning about sustainability and alternatives all the while trying to moniter the po situation and make my plans yet I do remember an ex-saudi oil chief stating quite the opposite as Mr Saleri.
If I found that article(s) would reading it just as easily sway you in the other direction?
While searching for the one I wanted I found this one in particular:
Doubts raised on Saudi vow for more oil
Wow... it seems that SA wants to up its reserves because a
"study" done by the
overly optomistic USGS suggested they have more then they realize.
No squeeky new car smelling science/technology needed - just a study - much like the Hirsch report but probably with alot more agenda and alot less fact.
The more I think about it the more I wonder why I am spending my time explaining any of this to anyone and the more I wonder why people like yourself even bother - on a peakoil site no less.
Yeah someone explain that to me - unless these people are simply in denial it just does not make sense unless perhaps they are on the PAYROLL!!!
Good luck and good night.