<Update on CERA 2006 Projects The Oil Drum GoM progress over the weekend>

53 comments on Today's reading assignment

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spooky on October 11, 2005 - 2:24pm Permalink | Subthread | Comments top
Have any of the "depletion curve" bunch done a series throwing out the OPEC quota-induced URR increases? In other words, basing their URR on what they claimed prior to quotas??

IMHO, THAT might be interesting to look at....

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Freddy Hutter on October 11, 2005 - 4:27pm Permalink | Subthread | Parent | Comments top
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

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Freddy Hutter on October 11, 2005 - 4:30pm Permalink | Subthread | Parent | Comments top
sorry that should read 2.4-Tb for Campbell.
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53 comments on Today's reading assignment

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