The Oil Drum | The 2008 IEA WEO - The Oil Drum Initial Review (#1 in a Series)

161 comments on The 2008 IEA WEO - The Oil Drum Initial Review (#1 in a Series)

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Matt on November 13, 2008 - 7:38am

the lower we go in oil price.....
b)the bigger the difference between natural decline and observed decline

Natural decline in oil fields is defined as the decline taking place without any improvements. So that decline is there irrespective of oil price. If the oil price is lower and these improvements are scaled down the "observed decline" will go towards the natural decline rate, that is the difference is actually getting smaller

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Nate Hagens on November 13, 2008 - 10:18am

ya - sorry i was tired
i meant the bigger the overall decline rate and the smaller the difference. thanks

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161 comments on The 2008 IEA WEO - The Oil Drum Initial Review (#1 in a Series)

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