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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: King of Hearts who wrote (6762)2/17/2002 8:33:48 PM
From: Raymond Duray  Read Replies (1) | Respond to of 206326
 
Hubbert's Peak, Chapter 1

Hi Fred,

pup.princeton.edu

.......................................................
IMHO, the new finds in the CIS aren't going to make much difference in the eventual date of the world production peak. We haven't seen a big field come in in the last two decades, at least. So, 2006-2008 still looks like the peak to me. Though I have to admit I've been too pessimistic in the past on the potential for discovery. But that was in 1973. <gg>

See:

simmonsco-intl.com

The article that caught my eye was "The World's Giant Oil Fields". We aren't finding giants any longer, except if you use the sleight-of-hand that Simmons does to call smaller discoveries giants.

simmonsco-intl.com



To: King of Hearts who wrote (6762)2/17/2002 8:43:43 PM
From: Rob Shilling  Read Replies (1) | Respond to of 206326
 
Russia and the CIS are indeed increasing exports. However, as far as the "Hubbert's Peak" is concerned, I think we are still on track to see peak production this decade. Russian and CIS production increases will be offset by declines elsewhere. Non-OPEC production could be peaking within a year.


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