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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To: Raymond Duray who wrote (768)	6/20/2005 1:53:14 AM
From: Doug R	Read Replies (1) of 1183

How does a pipeline add to supply? The oil that's going through that pipeline will not increase in volume. Lifting production in Angola, Chad and Nigeria would barely offset North Sea decline. How many years away from production is new flow from Sao Tome? By the time that oil comes out of the ground depletion rates in Mexico will gobble it up. There is excitement about the creation by Sao Tome and Nigeria of a Joint Development Zone (JDZ) - covering an area slightly smaller than Belgium - which officials say could produce 250,000 barrels of oil a day within three years. (woohoo!) Simmons' focus is on SA. There is no doubt that a Saudi peak is a world peak. What was SA's max production? 10.1 mil/day? Of that 10.1, how much was "the good stuff" at the time? If they hit 10.1 again, it's certain that this time there'll be significantly more heavy sour in there. Sometimes reality bites.

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