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#11 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Indiana
Posts: 653
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![]() Quote:
In order to NOT have a production peak you need an INFINITE resource. Ever looked at a picture of earth from outer space? NOT INFINITE. Peak oil WILL happen. The only question is when. Rapid declines in oil production are being observed in the North Sea and Mexico's Cantarell field. Oil production in the continental US peaked in the 70's. If oil production can peak in a country or a region, what does that mean for the world? In fact, most oil fields in the world are in decline and offsetting those declines in the near future will require the discovery of several more Saudi Arabias. Oil companies are now drilling deeper than ever before in more difficult conditions to find what little oil they can. It is quite possible that there are some big undiscovered oil fields out there. If found, they will merely serve to delay the peak of production for a few years, or slow the rate of decline. This is a problem that won't go away by quoting contrarian theories about the origins of oil. |
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