Category Archives: How Much Left

How Much Oil is Left?

The Power of Exponential Growth: Every 10 years we have burned more oil than all previous decades Preface. There is a lot of oil left. The problem is, most of the remaining oil is unconventional, which needs a lot more … Continue reading

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Another reason to think oil production probably peaked in 2005

[ In this Kurt Cobb post, Texas oilman Jeffrey brown explains why the story of oil production growth from 2005 to 2014 is probably wrong, because the increase came from lease condensate, not oil.  If this is true then Brown … Continue reading

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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

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Energy return on investment, peak oil, and the end of economic growth

David J. Murphy and Charles A. S. Hall. 2011. Energy return on investment, peak oil, and the end of economic growth in “Ecological Economics Reviews.” Robert Costanza, Karin Limburg & Ida Kubiszewski, Eds. Annals of the New York Academy of … Continue reading

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Export Land Model and Energy Prices

What the Export Land Model Means for Energy Prices David Galland, Managing Director Casey Research June 5th, 2008 To understand the importance of exports when discussing peak oil, ask yourself the question: “What’s more important: the fact that global oil … Continue reading

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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

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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

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Science Magazine: Peak Oil Production may have happened in 2005

[It’s widely known that peak conventional oil arrived in 2005. Yet it appears in EIA and IEA statistics that oil production has risen. This is because unconventional oil from natural gas liquids (mostly used to make plastic, not transportation fuel),  … Continue reading

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Book Review of “Wheel of Fortune. The Battle for Oil and Power in Russia”

Alice Friedemann’s book review of “Wheel of Fortune. The Battle for Oil and Power in Russia”, by Thane Gustafson. 2012. The main thesis of this book is that Russia will collapse again. Soon.  Unless Russia drills offshore and in the … Continue reading

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Peak Oil Acknowledged by Middle Eastern countries — they’re scared

Very interesting reflections on a peak oil conference in the Middle east of the countries that export oil.  I think it must mean we’re past peak, don’t believe “the near future”. Peak Oil as seen through the eyes of Arab … Continue reading

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