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74 comments on Peak Oil Salvation?

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Sparaxis on January 4, 2007 - 11:04pm

China's HL plot based on data since 1949 points to about 72 GB URR, so 2006 production brought it to about 48% Qt. It will pass 50% Qt sometime late this year or early next year. The prediction of 2005-06 was probably only slightly premature. 2006 production (with data through November) is likely to reach 184 million tonnes (3.68 mmbd), up 1.6%, and next year is likely to be only a bit higher. Daqing's decline is now accelerating, from 2.5% to 3.5% a year, even with recent efforts to increase recovery. It is, however, only 25% of Chinese production now, down from 40% in 1990.

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Coilin on January 5, 2007 - 6:18am

Thank you for this.

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