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262 comments on US Peak Oil Adaptation: Prognosis in a Credit Crunch

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westexas on August 20, 2007 - 3:52pm

As noted down below, I am talking about the decline rate by the top net exporters, not the world.

Based on crude oil production data through 5/07, and if we assume flat production for the rest of 2007, the year over year decline in Saudi crude oil production would be 5.9%, for Norway, 4.8%, versus 5% plus recent increases in consumption (EIA data).

When Russia starts declining, which may be happening now, I suspect that the production decline rate may be in the vicinity of 10% per year.

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jim burke on September 2, 2007 - 3:07pm

Stewart, download Rembrandt's latest Oilwatch monthly here and look at chart #11. That has the dramatic decline of net exports Jeffrey's talking about

jim

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suyog on September 2, 2007 - 7:02pm

Jim, your link does not work.

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jim burke on September 2, 2007 - 9:31pm

How about this?

(the html style manual has changed recently, and I'm sort of a technopeasant...)

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