<Joint Energy Security of Supply Working GroupThe Oil Drum: Europe20 new fields needed every year in the UK>

15 comments on If... The Oil Runs Out

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MUDLOGGER on June 5, 2006 - 4:30am Permalink | Subthread | Parent | Comments top
Snippet from today's Telegraph:

A warning regarding the tax hike implications if oil falls in price.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/06/05/cnoil05.xml&menuId=242&sSh eet=/money/2006/06/05/ixcity.html

However, the last paragraph regarding field size was the bit that caught my eye:

`'Nearly all of the next generation of oil fields are expected to hold 15m to 20m barrels each compared with an average of 30m over the past 10 years''.

That's right: 20 million Barrels

Add this warning to last week's capital expenditure graph and then join the dots...

It is a shame that ''If...'' was so ham-fisted. It may completely switch a good debate off.

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zceb90 on June 5, 2006 - 6:36am Permalink | Subthread | Parent | Comments top
There's also comprehensive coverage in the Energy Supplement of today's Press and Journal: http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&so urceNode=150624&contentPK=14589965&folderPk=85744
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