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.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (110)10/24/2000 12:05:11 AM
From: kormac  Respond to of 74559
 
Grace,

What you say about some abandoned oil fields becoming profitable is certainly correct, but the big question is
how much oil is in these fields. The oil production in the US lower 48 states peaked in 1970. This was predicted by King Hubbert in 1956. The exploration peak for the world was around 1964. The US exploration peak was about 1934. The time between the exploration and production peak in the lower 48 was around 35 years. Will the world production peak during this decade. Likely, says the petroleum geologists Colin Campbell and Jean Laherrere.

oilcrisis.com

Best, Seppo



To: GraceZ who wrote (110)10/24/2000 8:43:42 AM
From: edward miller  Read Replies (1) | Respond to of 74559
 
My point is those examples will only add incremental oil
sources. Excuse my sarcasm, but that isn't going to
provide the next North Sea, which by the way has already
reached its production peak.

It is just annoying to me that people don't seem to see a
serious problem developing.


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