[Newsseeker]

A giant oil field contains at least 500 million barrels of recoverable oil. Only 507, or 1 % of the total number of fields, are giants. Their contribution is striking: over 60 % of the 2005 production and about 65 % of the global ultimate recoverable reserve (URR).

In all scenarios, peak oil occurs at about the same time as the giant fields peak. The worst-case scenario sees a peak in 2008 and the best-case scenario, following a 1.4 % demand growth, peaks in 2018.

http://www.energybulletin.net/27491.html

[Starvid]

Haha!

I have that very dissertation (Giant Oil Fields - The Highway to Oil) lying here at my desk, and will go to the defence of the doctoral thesis in a few days. The opponent will be a certain Robert Hirsch.

[Newsseeker]

$this->bbcode_second_pass_quote('Starvid', 'H')aha!

I have that very dissertation (Giant Oil Fields - The Highway to Oil) lying here at my desk, and will go to the defence of the doctoral thesis in a few days. The opponent will be a certain Robert Hirsch.

[SoothSayer]

$this->bbcode_second_pass_quote('', 'T')he opponent will be a certain Robert Hirsch.

[Newsseeker]

$this->bbcode_second_pass_quote('Starvid', 'H')aha!

I have that very dissertation (Giant Oil Fields - The Highway to Oil) lying here at my desk, and will go to the defence of the doctoral thesis in a few days. The opponent will be a certain Robert Hirsch.

[Starvid]

$this->bbcode_second_pass_quote('Newsseeker', '')$this->bbcode_second_pass_quote('Starvid', 'H')aha!

I have that very dissertation (Giant Oil Fields - The Highway to Oil) lying here at my desk, and will go to the defence of the doctoral thesis in a few days. The opponent will be a certain Robert Hirsch.

[Starvid]

$this->bbcode_second_pass_quote('SoothSayer', '')$this->bbcode_second_pass_quote('', 'T')he opponent will be a certain Robert Hirsch.

[Starvid]

$this->bbcode_second_pass_quote('Newsseeker', '')$this->bbcode_second_pass_quote('Starvid', 'H')aha!

I have that very dissertation (Giant Oil Fields - The Highway to Oil) lying here at my desk, and will go to the defence of the doctoral thesis in a few days. The opponent will be a certain Robert Hirsch.

[Taskforce_Unity]

Starvid,

Which data would that be? I assume the reserve data for the big oil fields which came from a variety of sources (or in other words IHS Energy) ?

[Starvid]

Yep.

[Newsseeker]

Thanks for answering my questions.

[Starvid]

So, that was that.

I met Robert Hirsch and Colin Campbell, and had a very nice chat with the latters wife.

The thesis was approved by the way, and to my great surprise was greatly covered by the media. It was on the morning radio economic news as one of the main points, in the local paper, in the main economic paper of the country etc.

[leal]

$this->bbcode_second_pass_quote('Starvid', 'T')he thesis was approved by the way, and to my great surprise was greatly covered by the media. It was on the morning radio economic news as one of the main points, in the local paper, in the main economic paper of the country etc.

[waegari]

$this->bbcode_second_pass_quote('leal', 'P')rofessor Marian Radetzki says that there should be no worry about peak oil since prevoius forecasts about peak oil has been wrong, this is also wrong. Yes, he is an economist

[Newsseeker]

$this->bbcode_second_pass_quote('waegari', '')$this->bbcode_second_pass_quote('leal', 'P')rofessor Marian Radetzki says that there should be no worry about peak oil since prevoius forecasts about peak oil has been wrong, this is also wrong. Yes, he is an economist

[Graeme]

Mr. Leonard started by saying he has “always been interested in the oil reserves question.” In 2001, he wrote a paper on peak oil that two U.S.-based publications turned down but which Yukos then published in Russian. At a recent energy seminar, Leonard handed out copies of his 2001 paper to the 50 attendees. The key quote up front is this:

World oil reserves and future production

$this->bbcode_second_pass_quote('', '�')��By 2010, the production of the fuel that has driven the world’s economy will start to rapidly decline. This will conflict with the steadily increasing demand for oil. The collision of these two trends will lead to shortages and increased prices, providing a strong incentive to shift to alternative fuel resources…Due to unequal distribution through the world of oil and gas supply and consumption, [the upcoming] transition will result in significant shifts in global power and wealth.”

Conclusions: a moderate rise in OPEC production will be partially offset by decreasing production in the Rest of World, with FSU production steady. A production peak of ultradeep water fields will allow the “peak” to be a “plateau during the coming decade, followed by a sharp fall. An increase in production of unconventional oil and natural gas liquids can add 5 million b/day during the coming decade. The current supply-side crisis is due to peak oil reached in the Rest of World in 2003, combined with a cessation of significant production growth in Russia after 2004.

[Revi]

2010 sounds like it will be really fun. I can hardly wait for the fall off the plateau. I think it will be the winter of 2009/10 that will really be the hard one for people around here.

This next winter isn't going to be a picnic, but the one after that is going to really be bad.

Peak oil is really no fun at all, is it?

[Eli]

You watch Revi, we are going to burn a lot of trees to stay warm in the coming years.

PO is not fun.

[ralfy]

We actually have trillions of "something" this and "something" that. The catch is rate of flow:

http://www.resilience.org/stories/2013- ... te-of-flow

See also,

http://www.smartplanet.com/blog/take/pe ... at-way/963

[Timson]

$this->bbcode_second_pass_quote('', 'T')he IEA says we have 6-7 trillion barrels of something else left, all of it lower than the $150 mark. So we'll just live off another 6-7 trillion of frenzy into the next century, and maybe by then there will be windmills everywhere, idiot liquid powered transport will be outlawed, and we can worry about the union wages paid the windmill repair guys, because they have become really, REALLY important.