PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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From: kryptonic6	2/20/2005 12:51:33 PM
	of 1183

"Remember, at the peak, approximate half of the oil that will ever be recovered is still in the ground waiting to be developed." I know that every oil well becomes an energy sink after you have extracted approximately 85-90% of the oil. This means that it actually takes more energy to recover 1 barrel of oil than that 1 barrel of oil contains in energy. From what I've read, most wells are pumped past the point that they become energy losers until they become money losers. Can you confirm this from your research Darffot? Please see dieoff.com and the graph about half way into the page. When everyone estimates "recoverable" reserves, is this fact taken into account? Jesse

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