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154 comments on World Crude Oil Production Forecast using Current Fields and Future Megaprojects

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austex on December 28, 2006 - 8:17pm

"So, we only need about 30 Khursaniya projects to meet the net decline over five years at 2% per annum decline rate. And again, net exports are falling much faster than overall production is falling."

I disagree. There will 1000's of projects over the next five years. Some big, some small. Some oil, some ethanol. Etc etc. To say that "we need 30 Khursaniya"s may sound good for alarmists - but IMO it's not really looking at the bigger picture objectively.

I agree with you on the extraction of finite fossil fuels and that this will at some point peak. I just disagree with the timing.

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jjhman on December 28, 2006 - 11:46pm

Ethanol?

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DelusionaL on December 29, 2006 - 1:16pm

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905