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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (192272)	7/21/2006 7:01:36 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 281500

MADRID (Reuters) - A Spanish company claimed on Thursday to have developed a method of breeding plankton and turning the marine plants into oil, providing a potentially inexhaustible source of clean fuel news.yahoo.com ================== "It's still a long way off," But there's the rub; Peak Oil isn't. The only question is, are we there yet?. Saudi Arabia drilling more, producing less. This is what happened when Texas peaked. SA has hired almost every rig in the Gulf of Mexico. Rigs are in short supply. As best as can be figured, SA is now declining at 2% Meanwhile world production has been flat for about 15 months. First 2 graphs... theoildrum.com ----------------------------- Haven't seen an update of the top 22 fields lately, but this is 3 months old, and they are fairly certain Ghawar is depleting, maybe at 8 %, with enuf new stuff coming on-line to hold net Saudi production to 2% decrease. 1. Ghawar Unknown 2a. Burgan CONFIRMED DECLINE ~14% (Source) 2b. Cantarell CONFIRMED DECLINE ~14% (Source) 3. Bolivar Coastal Unknown 4. Safaniya-Khafji Unknown 5. Rumaila Unknown 6. Tengiz Unknown 7. Ahwaz CONFIRMED DECLINE ~64% (HOLY CRAP!) (Source) 8. Kirkuk CONFIRMED DECLINE Need Source 9. Marun CONFIRMED DECLINE (Source) 10. Gachsaran Unknown 11. Aghajari CONFIRMED DECLINE (Source) 12. Samotlor CONFIRMED DECLINE ~ 9% (Simmons' book IIRC) 13a. Prudhoe Bay CONFIRMED DECLINE ~11% (Multiple sources) 13b. Kashagan Unknown 14. Abqaiq Abqaiq: output peaked in 1973 (1.095 mbpd 15. Romashkino Unknown 16. Chicontepec Likly to increase, seems undeveloped at this time 17. Berri: output peaked in 1977 (787,888 b/d) (src: Simmons) , was producing 400 kbpd in 2004 18. Zakum Unknown 19. Manifa Unknown 20. Faroozan-Marjan Unknown 21. Marlim, Campos CONFIRMED DECLINE ~8% "China's largest field Daqing is not on the list but should be, and it peaked in 2003, I believe." "There are four fields that are currently producing about one mbpd or more: Ghawar; Cantarell; Burgan and Daqing. We know that three of the four are declining, and it is very likely that Ghawar is now declining." North Sea has peaked. theoildrum.com