Category Archives: Flow Rate

When will the Alaska pipeline turn into an 800-mile-long Popsicle?

Posted on August 15, 2015 by

[Below are excerpts on the Alaskan pipeline from Rust: The Longest War by Jonathan Waldman.  This is a great book, yet leaves so many possible rust stories uncovered, that I hope Waldman writes Rust II (or any other topic — … Continue reading →

Posted in Flow Rate, Threats to oil supply | Tagged , , | 8 Comments

The difference between depletion and decline rate in oil fields

Posted on June 9, 2015 by

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 →

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

Posted on June 6, 2015 by

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 →

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

Posted on April 2, 2015 by

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 →

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Giant Oil Field Decline Rates

Posted on November 22, 2014 by

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 →

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Gail Tverberg: Eight Pieces of Our Oil Price Predicament

Posted on October 23, 2014 by

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 →

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

Posted on April 25, 2014 by

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 →

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

Posted on April 4, 2014 by

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 →

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

Posted on March 19, 2014 by

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 →

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

Posted on March 5, 2014 by

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 →

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