Category Archives: Flow Rate

Giant oil field decline rates, peak oil, & reserves

Posted on August 30, 2024 by

Preface. Of the roughly 47,500 oil fields in the world, 507 of them, about 1%, are giant oil fields holding nearly two-thirds of all the oil that has ever been, or ever will be produced, with the largest 100 giants, … Continue reading →

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Peak oil: “It’s the flows, stupid!” Energy abundance depends entirely on the RATE of energy flow

Posted on August 24, 2021 by

Preface. Below are excerpts from two articles on why the FLOW RATE of oil is what matters for our fossil-fueled civilization. It’s like how, when filling up a bathtub, you want to turn the faucet on as high as it … Continue reading →

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Antonio Turiel: Explaining Peak Oil the Easy Way

Posted on April 2, 2020 by

Preface. Turiel writes an excellent blog “The oil crash” at http://crashoil.blogspot.com. Turiel explains eloquently why the amount of oil will decline even though there are vast pools of oil left underground. If you read my book “When trucks stop running”, … Continue reading →

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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

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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