[shortonsense]

$this->bbcode_second_pass_quote('JustaGirl', 'I')f you look at the wiki oil megaprojects, new production has averaged around 3 mbpd(give or take), since 2002. Since we have been on a plateau since '05 there has definitely been significant decline since then. So short is absolutely correct when he says we have managed to add a new Saudi every 3 years or so.

I understand what you're saying Short, I don't understand the argument going on. The problem is not necessarily the decline rate, the problem is when new production can no longer offset that decline.

[davep]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('JustaGirl', 'I')f you look at the wiki oil megaprojects, new production has averaged around 3 mbpd(give or take), since 2002. Since we have been on a plateau since '05 there has definitely been significant decline since then. So short is absolutely correct when he says we have managed to add a new Saudi every 3 years or so.

I understand what you're saying Short, I don't understand the argument going on. The problem is not necessarily the decline rate, the problem is when new production can no longer offset that decline.

[shortonsense]

$this->bbcode_second_pass_quote('davep', '6')-7% may be the current rate of production decline globally at the moment. It doesn't follow that this was the case five or 30-odd years ago.

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', 'A')re you familiar with the Kübler-Ross model?

[davep]

$this->bbcode_second_pass_quote('shortonsense', 'I') am not in a position to dispute the information available to the President of the United States. Are you?

[shortonsense]

$this->bbcode_second_pass_quote('davep', 'D')id he say that global fields were facing 7% production decreases, or just US ones?

[davep]

$this->bbcode_second_pass_quote('shortonsense', 'I')t appears that his 6% decline is for domestic US fields, and his claims of needing a Saudi Arabia every 3 years is a global reference.
So it is not proper for me to assume that 6% was the information he had for global decline, but the need for a new Saudi Arabia is. I find it fascinating that the "need a new Saudi Arabia" analogy dates back that far...without any new Saudi Arabia's showing up.
I am now going to make sure I refound the same quote for the 6%, and that there isn't another speech where he combines the decline with the number of new Saudi Arabia's claim.

[shortonsense]

$this->bbcode_second_pass_quote('davep', '
')So will you stop banging on about 6-7% global declines in production from existing fields being anything other than a very recent thing?

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', ' ')Does he still twitter endlessly on about "multiple peaks?"

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', '
')Shorty, no one read this stuff,

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', ' ')Would you mind sharing your friends? I'd love to meet them.

[VMarcHart]

$this->bbcode_second_pass_quote('rangerone314', 'I')ts Monday, do we have a definitive agreement YET on what the Petrobras CEO actually said?

[davep]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('davep', '
')So will you stop banging on about 6-7% global declines in production from existing fields being anything other than a very recent thing?

[shortonsense]

$this->bbcode_second_pass_quote('davep', ' ')It's not for me to show proof that there haven't been global declines in production from existing fields for a long time, but for you to prove that there have been.

[davep]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('davep', ' ')It's not for me to show proof that there haven't been global declines in production from existing fields for a long time, but for you to prove that there have been.