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39 comments on Peak Oil Media - 31 MAY 2008
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39 comments on Peak Oil Media - 31 MAY 2008
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Isn't this a bit steep to just be decline rate? I know they have a tax boondoggle at the moment but it still seems a bit much. Does anyone know if they have major regions that unexpectedly went belly up? Or is there some kind of market manipulation/hoarding going on?
Wasn't it at about 3.5% a month ago? A 1.4% drop month on month is pretty huge.
Heck, what I want to know is when did Russia join OPEC? ... only partly laughing.
Net Export decline rates tend to be steeper than the production decline rates, and the export decline rates tend to accelerate with time. Our middle case (not the worst case) has Russia approaching zero net oil exports within 16 years.