The Oil Drum

44 comments on The ASPO Conference -First Morning

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Heading Out on September 18, 2007 - 3:12am

The point is not that finding oil stops, but that we are finding less than a third of the amount that is being produced each year. My only question to the panel related to depletion rates (I think that using 4% when you have switched to horizontal wells is a bit optimistic) and it is in this inability to develop enough reserves that leads us into trouble.

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step back on September 18, 2007 - 6:05am

HO,
Thank you for the vicarious front row seat.
What they seem to be saying, like Al Gore's line is:
"The debate is over. PO is real and is now."

I hear Gore is putting together a sequel:
Now that the debate is over, what is out next step?

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