Category Archives: Flow Rate

The difference between depletion and decline rate in oil fields

Notes from 26 page: Höök, M., Davidsson, S., Johansson, S., Tang, X. 2014. Decline and depletion rates of oil production: a comprehensive investigation. Philosophical Transactions. Series A: Mathematical, physical, and engineering science, 372 Depletion rate is the rate that the … Continue reading

Posted in Flow Rate, Oil, Peak Oil | Comments Off on The difference between depletion and decline rate in oil fields

Coal-to-liquids (CTL) can not compensate for declining oil & natural gas production

Notes from 23 page: Höök, M. & Aleklett, K. 2010. A review on coal-to-liquid fuels & its coal consumption. International journal of energy research Vol. 34 10:848-864 Annual decline in existing crude oil production is around 4-8%, equivalent to an … Continue reading

Posted in Coal to Liquids (CTL), Flow Rate | Tagged , , , , | Comments Off on Coal-to-liquids (CTL) can not compensate for declining oil & natural gas production

Giant oil field decline rates and their influence on world oil production

Excerpts from: Hook, M., Hirsch, R., Aleklett, K. June 2009. Giant oil field decline rates and their influence on world oil production. Energy Policy 37(6): 2262-2272 Future trends in giant oil field decline rates             … Continue reading

Posted in Flow Rate, How Much Left, Peak Oil | Tagged , , , , , , , | Comments Off on Giant oil field decline rates and their influence on world oil production

Giant Oil Field Decline Rates

Summary of article 1, Cobb’s “Aging Giant Oil Fields” 2013 The world’s 507 giant oil fields comprise a little over 1% of all oil fields, but produce 60% of current world supply Of the 331 largest fields, 261, or 79%, … Continue reading

Posted in Flow Rate, How Much Left | Comments Off on Giant Oil Field Decline Rates

Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Eight Pieces of Our Oil Price Predicament October 22, 2014, by Gail Tverberg A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of … Continue reading

Posted in Flow Rate, Gail Tverberg | Comments Off on Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Oil Crunch 2015: UK Industry Task force on Peak Oil & Energy Security (ITPOES)

Ahmed, N.  28 Mar 2014. Ex govt adviser: “global market shock” from “oil crash” could hit in 2015. The Guardian. Former oil geologist Dr. Jeremy Leggett, identified 5 “global systemic risks (oil depletion, carbon emissions, carbon assets, shale gas, and … Continue reading

Posted in Flow Rate, Oil, Oil Shocks, Peak Oil | Comments Off on Oil Crunch 2015: UK Industry Task force on Peak Oil & Energy Security (ITPOES)

2nd largest oil field in the world, Mexico’s Cantarell, declining rapidly

Mexican oil exports: start saying adios! by Martin Payne, 19 Mar 2008. Energy Bulletin. 1)      This story illustrates the problem of RATE of production – you might have a lot of oil, but if you can only produce it at … Continue reading

Posted in Flow Rate | Comments Off on 2nd largest oil field in the world, Mexico’s Cantarell, declining rapidly

Why is oil production peak the problem and not when the oil runs out?

First, a little history The exponential growth of population from 1 billion to 7 billion in less than 200 years was fueled by fossil fuels, especially oil, which does the actual work of a society and is as necessary as … Continue reading

Posted in Flow Rate, How Much Left, Nicole Foss | Comments Off on Why is oil production peak the problem and not when the oil runs out?

A financial crash would stop new oil production, sending us over the net energy cliff with a 10% decline rate per year

Gail Tverberg’s March 4, 2014 “Reasons for our Energy Predicament – an overview” gave me this sudden insight: There is the potential for a sudden drop of 10 to 30% in oil production.  That magnitude of world-wide oil shocks would … Continue reading

Posted in Energy Markets, Flow Rate, Net Energy Cliff, Oil Shocks, Threats to oil supply | Comments Off on A financial crash would stop new oil production, sending us over the net energy cliff with a 10% decline rate per year

Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?

Once the large fields peak in Saudi Arabia oil shocks will reverberate throughout the world Best up-to-date status of oil fields in Saudi Arabia. Ghawar is in decline, but 2 new fields filled in, once they’re in decline, there are … Continue reading

Posted in Energy, Flow Rate, How Much Left, Oil Shocks, Reserves Lower than stated | Comments Off on Matt Simmons “Twilight in the Desert” Saudi Arabia oil: how much left?