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106 comments on DrumBeat: May 15, 2006

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westexas on May 15, 2006 - 11:37am Permalink | Subthread | Parent | Comments top
Re:  Saudi Arabia

http://graphoilogy.blogspot.com/
Texas and the Lower 48 as a Model for Saudi Arabia and the World

Khebab and I have been working on another paper.  Above is a link to the graphs (all done by Khebab).   The premise is quite simple.  In terms of depletion, Saudi Arabia and the world are now where Texas and the Lower 48 were at in 1972 and 1970, respectively.  The swing producers apparently tend to peak later than the overall regions do.  However, note that Texas' decline rate has been much steeper than the Lower 48 overall.

There have only been two swing producers of any consequence, Texas and Saudi Arabia.  The new "swing producer" consists of releases from emergency reserves.  Note that the problem is replenishing the reserves (which Bush has already postponed).

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jkissing on May 15, 2006 - 2:55pm Permalink | Subthread | Parent | Comments top
Its interesting to see how norway's income surges as its production declines, no doubt a continuing trend. Why not show what has been happening in texas since the 1971 peak - producing increasing amounts of water with decreasing oil production, but with total revenues surging, at least now?

(Higher prices don't immediately generate a recession because some regions are benefitting from the higher prices.)

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106 comments on DrumBeat: May 15, 2006

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