<Given the shortage of oil rigs . . . . The Oil Drum The back side of the curve>

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bigfootvegan on November 9, 2005 - 1:50pm Permalink | Subthread | Comments top
mabye I'm reading the figures wrong but it looks to me like they peaked five years ago.
fie fann og helvete

http://www.npd.no/engelsk/cwi/pbl/en/profile/prod/all/total_ncs_pr_year.htm

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Essex Land Rover Man on November 9, 2005 - 3:46pm Permalink | Subthread | Parent | Comments top
Agreed that the peak was five years ago, but there is a big difference of losing between 50kbpd and 100kbpd over a year and loosing 300kbpd over a year. 50kbpd to 100 kbpd is just past the peak of the curve, 300kbpd is going down the slope big time. That is the point I was making.
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Nick Rouse on November 9, 2005 - 8:09pm Permalink | Subthread | Parent | Comments top
Oil production on the UK side of the North sea continues to drop precipitously. The UK trade figures for September from National Statistics Online show that the UK was a net importer of oil by value for Q3 of 2005 to the tune of GBP0.7 billion. We have been a net importer by volume for some time but the higher price per barrel of the exports had until recently balanced it out by value.

The latest more detailed but older figures from the Department of Trade and Industry
show that for July 2005 the output was 1.444 mbpd, down 387 kbpd or 21% from July 2004

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bigfootvegan on November 10, 2005 - 5:48am Permalink | Subthread | Parent | Comments top
totally agree with you. Point taken. I wasn't aware of the previous figures, thanks for raising it.
Norway is also under threat of the gulf stream moving, over half of the population is on the south coast but thats more to do with global warming not peak oil!!
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