101 comments on The Disconnect Between Oil Reserves and Production
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.
“It's difficult to get a man to understand something if his salary depends on him not understanding it.”
—Upton Sinclair
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
- Summer Streets a Success!
- Plan for Hydro-Fracture Drilling for Unconventional Natural Gas in Upstate New York
- Enjoying Life Close to Home: Fun Streets
TOD:Europe
- UK Energy Flow Chart 2007
- Brown pretends to be tough on Russia
- Russian gas and European energy security - a reprise
TOD:Canada
- Compressed Air Energy Storage - How viable is it?
- Oil Megaproject Update (July 2008)
- Weekend Energy Listening: Wind Power with Paul Gipe
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
- Ecological Economics
- David Strahan
- Econbrowser
- The Energy Blog
- Entropy Production
- Environmental Economics
- European Tribune
- GraphOilology
- jeffvail.net
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Organizations
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Great! Thanks. You are one cool dude, man.
Am I correct in the assumption that once light sweet peakes and declines, EROEI goes down?
The dude continues to abide.
Glad you like the chart. Says it all. The peak in LSC is a keystone of my rather infrequent peak oil rap - tying that in with the constant reports of refinery shutdowns we hear about. Would like to see an article charting the history of those, too.
Staniford contributed a small piece on LSC peak here, too, when he was still a guest contributor.
Ahem. The quote is "The Dude abides." This misquoting aggression against one of my favorite movies will not stand, man. (:
Thanks, Gary.
EROEI goes down, just because of the rising water cut and adding new smaller wells in higher to reach locations. Things that would add to the processing after production (higher sulphur, lower gravity) would reduce EROEI further.
The mix of oil types is moving to the ones that trade at a discount to the light, sweet types. Thus, the funds oil companies are receiving from the sale of oil will tend to lag indexes of a particular type of light, sweet oil (say WTI or Brent). The amount spent on processing goes up, so the cost to the consumer doesn't get much benefit of the price spread to lower grades.
Relative to average price of crude, the price of consumer pays probably goes up, because of lower EROEI.