<Peak Oil at the Movies: Oil Crash & Crude Impact The Oil Drum DrumBeat: December 17, 2006>

319 comments on A Different Approach to Calculating Saudi Arabia's Oil Reserves

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Hothgor on December 17, 2006 - 3:19am Permalink | Subthread | Parent | Comments top
After doing some basic napkin calculations, for the 70 Gb reserves remaining in KSA to be true, they would have to have been in decline from their 9.1 million secondary maximum for at least the last 5-7 years.  Since the data indicates that this is not the case, we must then assume that the URR value must be higher, and the HL model is being skewed by the flat production rate from 1992 to 2002.
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brutus on December 17, 2006 - 3:30am Permalink | Subthread | Parent | Comments top
My friend, I've never argued here about the date of peak, whether it's today, five years, or 20 years, it doesn't matter. I do know we've already wasted 3 decades since we realized oil was a limited resource and have done nothing except use more of it. Now we're ankle deep in blood in the Middle East and about to be knee deep or deeper because of oil. So take your happy-happy over there and tell them how it's all good.
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Hothgor on December 17, 2006 - 3:40am Permalink | Subthread | Parent | Comments top
I never said it's all good.  I want us to move away from oil and reconnect our transportation system with electricity.  Burning oil for transportation is about the most moron thing we could have done.  Thanks to big oil though, it's all we've had for 100 years.
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jim burke on December 19, 2006 - 3:01pm Permalink | Subthread | Parent | Comments top
"I want us to move away from oil and reconnect our transportation system with electricity.  Burning oil for transportation is about the most moron thing we could have done."

So the intelligent thing to do is to shift transportation from oil to coal? Cool! Let the mountaintop removals accelerate!

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319 comments on A Different Approach to Calculating Saudi Arabia's Oil Reserves

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