 | World Oil Forecasts Including Saudi Arabia, Kuwait and the UAE - Update Feb 2008 | The Oil Drum | DrumBeat: February 18, 2008 |  |
303 comments on Peak Oil, IHS Data and The Broken Clock
Comments can no longer be added to this story.
The contents below are paid advertisements. Their appearance does not imply an endorsement by The Oil Drum.
“Every time I see an adult on a bicycle, I no longer despair for the future of the human race.”
—H. G. Wells, 1904
Search The Oil Drum with Google
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Prof. Goose, Heading Out, Stuart Staniford, Nate Hagens
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Gail the Actuary, jeffvail, JoulesBurn, Khebab, Robert Rapier
- TOD:Local: Glenn
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Technician: Super G
Recently on TOD:World
TOD:Local
- Ask not what your next President can do, Ask what you can do for your tribe
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
TOD:Europe
- UK - Stansted Airport expansion gets go-ahead
- RAMseS: a new agricultural paradigm
- RAMseS: a new agricultural paradigm
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
TOD:ANZ
Peak Oil Primers
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- The Big Picture
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- The Energy Blog
- Entropy Production
- European Tribune
- GraphOilology
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- Calculated Risk
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
The costs to find and procure energy (liquids) are going up faster than the consumer demand for oil. A meaningful % of internal Saud oil and gas demand must go towards finding and developing oil projects. If this trend continues 2036 will be optimist. In other words, your Net Export theory doesn't explicitly address the continuing trend of depletion trumping technology.
Of course, Khebab's middle case is that Saudi Arabia approaches zero net exports in 2031, within a time frame from 2024 to 2037.
I estimate that if the Saudis wanted, and were able, to match their 2005 net export rate, they would have to kick their 2008 total liquids production up to about 11.7 mbpd in 2008, versus about 11 mbpd in 2005.
The flat line Saudi graph illustrates what could plausibly happen to net exports even under the Economist Magazine's assertion that Saudi Arabia could maintain their 2005 rate of production for 70 years.
Black Friday
March 7 2008 11:30 am ( NY time )
BOOM