The Oil Drum | Today's reading assignment

53 comments on Today's reading assignment

Comments can no longer be added to this story.

| Show without comments | PDF version

Freddy Hutter on October 11, 2005 - 4:27pm

The OPEC quota augmentation has been lost over time to Reserve Growth, New Discoveries & Non-conventional Oils. For perspective, in 1980 BP's Proven Reserves were 0.667-Tril Barrels compared to 1.189-Tb today.

The USGS/EIA was 1.7-Tb in 1984 and is 3.797-Tb today.

Colin Campbell was 1.578-Tb in 1989 and is 2.t-Tb today.

M.K. Hubbert was 2-Tb in 1973.

etc etc

The Avg in our current Depletion series of 11 forcasters is 2.925-Tb of which 1.909-Tb is future production. http://TrendLines.ca

Comments can no longer be added to this story.

Freddy Hutter on October 11, 2005 - 4:30pm

sorry that should read 2.4-Tb for Campbell.

Comments can no longer be added to this story.

53 comments on Today's reading assignment

Comments can no longer be added to this story.

| Show without comments | PDF version

Search The Oil Drum with Google

Support The Oil Drum

Click the button to learn about supporting The Oil Drum with a secure donation.

Peak Oil Primers

Beware email scams!

Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.

“The infrastructure of suburbia can be described as the greatest misallocation of resources in the history of the world.”

—JH Kunstler