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50 comments on A Conversation with Matt Simmons

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tochigi on November 15, 2005 - 7:44am Permalink | Subthread | Comments top
Excellent interview Stuart!
the last part about the rig shortage is especially interesting.
i've heard that with a lot of the oil development and production workers currently in the industry coming up for retirement in the next few years, skilled labour is also going to be a major constraint.
to me, project slippage will be a major factor in hastening the peak.
because depletion doesn't sleep. current fields keep declining, so it just means more ground to catch up.
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PhilRelig on November 15, 2005 - 1:00pm Permalink | Subthread | Parent | Comments top
There is a benefit to project slippage, though:  In the long run, the oil whose extraction is thus delayed will help mitigate the rate of world-decline in coming decades.  This is a silver-lining in the cloud of limited rig-counts, etc., that is not to be overlooked.  Is anyone attempting to quantify this silver-lining in any serious way?
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