Category Archives: Reserves Lower than stated

The middle east has 2/3rds of remaining oil and that’s where the reserves have been the most exaggerated starting in the mid 80s so that shieks could borrow a lot of money against non-existent reserves

Permafrost & lack of gravel will limit arctic natural gas, oil, and coal extraction

Posted on June 21, 2024 by

Preface. For many people, it’s comforting to know that about 25% of remaining oil and gas reserves (we have the know-how and economics to get it) and resources (beyond our technical and/or monetary capability) are in the arctic. They assume … Continue reading →

Posted in Arctic, EROEI remaining oil too low, How Much Left, Peak Natural Gas, Peak Oil, Reserves Lower than stated, Roads, Transportation Infrastructure | Tagged , , , , | Comments Off on Permafrost & lack of gravel will limit arctic natural gas, oil, and coal extraction

Oil Reserve Estimates are WAY too high

Posted on April 3, 2014 by

Old Math Casts Doubt on Accuracy of Oil Reserve Estimates Asjylyn Loder. april 3, 2014. Bloomberg News Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing … Continue reading →

Posted in Reserves Lower than stated | Comments Off on Oil Reserve Estimates are WAY too high

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

Posted on March 1, 2014 by

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 Books, 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?