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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (8421)8/13/2008 10:44:48 AM
From: Wharf Rat  Read Replies (1) of 24224
 
Yet Another Forecast for Saudi Oil Production
Posted by JoulesBurn on August 12, 2008 - 8:39am


Predicting the future of Saudi Arabian oil production is a rather daunting endeavor, given the limited amount of information available upon which to base a prediction. Presented here is an appraisal for Saudi production through 2015 based on an informed analysis of past production data and a simple extrapolation into the future. It is found that the oil production trend from the early 1990s through the present is driven more by the addition of new producing areas than by "peak and decline" in the Hubbertian sense. This trend will likely continue for the next few years leading to a new "peak", although more rapid decline in mature areas of Ghawar will eventually overwhelm both mitigation efforts therein and added production elsewhere.

There's more… (1421 words) |
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