<DrumBeat: March 30, 2007 The Oil Drum DrumBeat: March 31, 2007>

62 comments on Three Pieces of Peak Oil Media: Simmons/Kilduff and Pickens on CNBC on GAO/Peak Oil and Kunstler on Peak Oil and the Car Culture

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westexas on March 30, 2007 - 1:44pm Permalink | Subthread | Parent | Comments top

There are some really good fields off the coast of Africa.

However, note that when Hubbert did his model for the Lower 48, a one-third increase in his URR estimate only extended the peak date by 5 years, from 1966 to 1971.

If we date the modern oil industry in the US from the Spindletop discovery in 1901, this one-third increase in the URR estimate and the five year period of additional growth in oil production extended the modern petroleum growth phase in the Lower 48 by about 8%--70 years instead of 65 years.

I'm sure that the math is very similar for the world.

The question is when, not if, an exponential growth rate in consumption versus a finite resource base proves impossible to sustain.

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Mike Hearn on March 31, 2007 - 7:03am Permalink | Subthread | Parent | Comments top

How good are these West African fields? Do you have any data on them? Can we get an article? How much time would they buy us?

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62 comments on Three Pieces of Peak Oil Media: Simmons/Kilduff and Pickens on CNBC on GAO/Peak Oil and Kunstler on Peak Oil and the Car Culture

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