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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (7042)	2/8/2008 11:09:09 PM
From: Beobe	Read Replies (2) \| Respond to of 24225

At some point we will have extracted half of the oil that exists. That point is the peak.

To: Investor2 who wrote (7042)	2/9/2008 2:12:04 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 24225

It means the peak production, or peak flow...barrels/day, or total barrels in the year. At some point, when fields are about half emptied, the rate of flow from the field drops off, as a result of physics. Doesn't matter what you do to try and boost production, the amount of oil flowing out of that field begins to drop. Adding more wells will not increase production. Typically, the production from the field, or from a country, follows a bell shaped curve.