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GAIA Host Collective
Alaska North Slope oil production falling by 6 percent per year.
But not to worry, Canadian Oil Sands to the rescue.
Canadian Oil Sands overly optimistic
Wow, that is really optimistic! If that quote is true then the world is about to be flooded with oil. And further down in the article they get even more optimistic and predict 360+ million barrels per day. Of course that is a misprint, they really mean, I think anyway, barrels per year.
But that just goes to show how clueless many people in the media are as to oil production. They can multiply the figures by several hundred percent and the media never bats an eye, the figures are reported as if they were real.
Ron Patterson
Someone must have figured out the difference between thousands of barrels per day and millions of barrels per day as the article now reflects the former rather than the latter.
Thanks Starship. Perhaps someone saw my post and said "Uh-Oh" then corrected the problem.
So they produce less than one third of one million barrels per day. That ain't much in the grand scheme of things. There must be more oil producers there other than Syncrude as I think the oil sands produce about a million barrels per day.
Ron Patterson
At their current rate of increase in consumption (which in some cases appears to be accelerating), just the top five net oil exporters will consume an additional 5 mbpd in Total Liquids in 10 years.