05 Jun '12, 12pm

Reflections on ASPO 10, Vienna 2012 – Part 1

Reflections on ASPO 10, Vienna 2012 – Part 1

While there are big question marks about the financial and environmental sustainability of existing unconventional oil and gas production, I think it’s fair to say that the industry has ramped up production of these low-grade resources faster than many peak oil forecasters anticipated. But when it comes to how much more of this resource we are going to turn into flows of oil, the short answer is we still don’t really have a clue. Euan made a courageous attempt in his presentation, with estimates for tar sands, EOR, tight gas, shale gas and coal-bed methane that respectively increase the ultimate recovery of oil and gas by more than 500 and 600 billion barrels of oil equivalent. From an engineering point of view, it appears to me that access to the resource and energy return is sufficient for a good deal more tar sands production, although I have little idea how soon the av...

Full article: http://www.theoildrum.com/node/9231

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Reflections on ASPO 10, Vienna 2012 – Part 2

Reflections on ASPO 10, Vienna 2012 – Part 2

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