Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lois R who wrote (14813)	3/14/1998 11:55:00 AM
From: TCGNJ	Read Replies (1) of 95453

Lois and thread, Good series of articles in the March '98 issue of Scientific American about the coming oil crunch-----supply won't be able to keep up with demand 10 years from now. Only abstracts available from the Web site, but well worth reading if you can get a paper copy. TCG sciam.com ____________________________________________________________________ QUICK ARTICLE SUMMARIES MARCH 1998 SPECIAL REPORT: PREVENTING THE NEXT OIL CRUNCH Global production of oil from conventional sources is likely to peak and decline permanently during the next decade, according to the most thoughtful analyses. In these articles, industry experts explain why and describe technologies that could cushion against the shock of a new energy crisis. THE END OF CHEAP OIL Colin J. Campbell and Jean H. LaherrŠre Forecasts about the abundance of oil are usually warped by inconsistent definitions of "reserves." In truth, every year for the past two decades the industry has pumped more oil than it has discovered, and production will soon be unable to keep up with rising demand. MINING FOR OIL Richard L. George Tarry sands and shales in Canada alone hold more than 300 billion barrels of petroleum, more than Saudi Arabia's reserves. Some companies can now extract that oil economically, while addressing environmental concerns over open-pit mining. OIL PRODUCTION IN THE 21ST CENTURY Roger N. Anderson Tracking the flow of underground crude, pressurizing dead wells and steering drills horizontally will help keep current oil fields alive. Meanwhile better engineering will open reserves under the deep ocean. LIQUID FUELS FROM NATURAL GAS Safaa A. Fouda Liquefied as gasoline, methanol or diesel fuel, natural gas can buffer the coming decline in crude oil. Technological improvements are making this conversion cheaper and more efficient.

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