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271 comments on DrumBeat: November 27, 2007
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271 comments on DrumBeat: November 27, 2007
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Hi Leanan,
I agree, C&C is what we should be watching. No matter what line is selected below, peak C&C has probably passed in the year 2005.
click to enlarge
The forecast from 2007 to 2012 is the same for all three lines, (red, green or black) as it is based upon new projects. These new projects include those in this list, which is under development, http://en.wikipedia.org/wiki/Oil_Megaprojects
For more information please see my October world oil forecast http://www.theoildrum.com/node/3064
My own opinion is that world C&C will be between the red and green lines. The black line is shown because some people believe the USGS resource estimates.
The current trajectory of the URR is "aimed" directly at 2200 GB.
But for a laugh, you ought to include the EIA's IEO 2006 projections.