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309 comments on DrumBeat: July 31, 2008

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xeroid on July 31, 2008 - 12:00pm Permalink | Subthread | Parent | Comments top

Yes, the reserves are falling rapidly, but reserves and achievable flows are not related - for the UK it is the rapidly slowing profitable/affordable flows that are important. Gas looks to be a bigger problem than oil! :-(

I'll bet that many of the reserves that the UK government thinks will be produced soon may actually take quite a while (if ever) to recover.

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xeroid on July 31, 2008 - 2:48pm Permalink | Subthread | Parent | Comments top

This is my favourite chart from the BERR reports.

http://farm3.static.flickr.com/2055/2719610949_07b77a8b0f_o.png

You know we're in trouble when ... the Y axis goes logarithmic and all the lines are heading down!

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309 comments on DrumBeat: July 31, 2008

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