SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Peak Oil - Not If but When
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: veritas501 who wrote (27)1/12/2010 3:38:38 PM
From: veritas501 of 129
 
This is from The Oil Drum and describes the real world depletion process currently happening which was illustrated in the simple example of post # 27 (edited for clarity):

Using the most optimistic production scenario for the top five Net Oil Exporters as of 2005 with the lowest projected rate of increase in consumption, the net result is the top five in the 2005 to 2015 time frame are depleting their post-2005 Cumulative Net Oil Exports (CNOE) at about 9%/year.

Since these countries account for about half of total world net oil exports, IMO a plausible estimate for the global post-2005 CNOE depletion rate is 5% to 7% per year, which in turn suggests that in 2006, 2007, 2008 and 2009 world importers have already burned through 20% to 25% of the total remaining post-2005 supply of global net oil exports.

-------------------------------------------

I know to some people Peak Oil is like waking up one morning and reading in the newspaper a hydrogen bomb has been dropped somewhere in the world. That's at least how I felt after comprehending the meaning of Peak Oil. That's another important point: To the person new to Peak Oil, the meaning of Peak Oil is not immediately apparent. It takes a while to fully grasp and understand its implications. As I said, it's a hydrogen bomb.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News