Stories tagged with "decommissioning"
Why oil costs over $130 per barrel: the decline of North Sea Oil
Posted by Euan Mearns on June 9, 2008 - 10:00am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: $130 oil, brent, declines, decommissioning, economists, exports, m. king hubbert, north sea oil, norway, peak oil, united kingdom [list all tags]
Rising North Sea oil production was a significant factor in keeping oil prices under control in the 1970s, 80s and 90s. Production peaked at 6.4 million barrels per day in 2000 and since then, declining North Sea Oil production is one significant reason that oil prices are now rising exponentially.
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