The Oil Drum

79 comments on Monday's Open Thread

Comments can no longer be added to this story.

RickD on December 26, 2005 - 1:04pm

Remember that first the world needs to increase production from new or existing wells just to stay level...due to the decline of some of the existing wells.

Then, if possible, the world needs to increase production even more for the actual increase in demand.

Rick

Comments can no longer be added to this story.

bonanza on December 26, 2005 - 1:23pm

Great point, Has anyone here tried to model, for example, the additional demand necessary to assuage the rapid decline rates in Prudhoe Bay and the North Sea? I would think that EIA and IEA estimates for US and UK demand growth only include expected demand growth without any regard to depletion. I know this issue has been discussed here quite a bit, so maybe someone has done this already?

Comments can no longer be added to this story.

Search The Oil Drum with Google

Recently on TOD:World

TOD:Local

TOD:Europe

TOD:Canada

TOD:ANZ

Peak Oil Primers

“The aim of every political constitution is, or ought to be, first to obtain for rulers men who possess most wisdom to discern, and most virtue to pursue, the common good of the society; and in the next place, to take the most effectual precautions for keeping them virtuous whilst they continue to hold their public trust.”

—James Madison, FEDERALIST #57 (1787)