24 Apr '16, 11am

How Much Oil is Left?: In 2005, 60% of world oil production came from just 500 of the giant oil fiel...

In 2005, 60% of world oil production came from just 500 of the giant oil fields of the world, nearly all discovered over 40 years ago (the rest from about 49,000 smaller fields). Therefore, future world oil production depends on the fate of these giant oil fields, because they represent roughly 65% of the global ultimate recoverable conventional oil resources. Of the 331 largest fields, 261, or 79%, are declining at 6.5% per year, and every year the decline rate increases, so by 2030 giants in decline will be doing so at a rate of 9% (non-giant fields decline even faster). for a full discussion of this, see Giant oil field decline rates and their influence on world oil production . If Hook et al are correct, conventional oil production could be as low as 19 mbd in 2030 (see figure 13).

Full article: http://peakoil.com/geology/how-much-oil-is-left-3

Tweets

How Much Oil is Left?

peakoil.com 24 Apr '16, 6pm

Frogs in pots. They wont announce peak oil. If they did, everyone would have a chance in the markets. Instead they will qu...

@accionempresa SINGAPORE (Reuters) - A rebound in oil prices this year from 12-year lows is

@accionempresa SINGAPORE (Reuters) - A rebound ...

reuters.com 25 Apr '16, 10am

SINGAPORE A rebound in oil prices this year from 12-year lows is in danger of coming to a crashing halt, as the main engin...

In a fit of Peak, I review @masoninman ’s Oracle of Oil https://t.co/lKs7hRBQ2O

In a fit of Peak, I review @masoninman ’s Oracl...

treehugger.com 25 Apr '16, 12pm

Type the words "peak oil " into the Treehugger search window and you will come up with dozens of posts referencing M. King...

Next oil downturn? Looming gasoline glut threat...

reuters.com 25 Apr '16, 10am

SINGAPORE A rebound in oil prices this year from 12-year lows is in danger of coming to a crashing halt, as the main engin...

Market economy, engineers busted oil scarcity m...

peakoil.com 24 Apr '16, 6pm

Another economist who believes that it is the volume of oil that is important, but ignores the most significant variable i...

OPEC Talks in Doha Fail to Start Oil-Production Freeze

OPEC Talks in Doha Fail to Start Oil-Production...

triplepundit.com 20 Apr '16, 10am

Oil industry construction projects in the Middle East have slowed due to low petroleum prices. “Oil is a force for good ,”...

Palm oil firms, farmers back Indonesia's ban on concessions - The Straits Times

Palm oil firms, farmers back Indonesia's ban on...

straitstimes.com 23 Apr '16, 1am

Several palm oil companies and farmers are throwing their weight behind Indonesia's proposed ban on new oil palm concessio...

Crude power: The oil game uncovered: In an atte...

peakoil.com 25 Apr '16, 1am

, we examine the Google anti-trust charges, the smartphone business and the undeniable truth that these devices are starti...

Oil prices set for one of the biggest weekly rises in 2016: SINGAPORE (Reuters) - Oil prices rose in Asian tra...

Oil prices set for one of the biggest weekly ri...

reuters.com 22 Apr '16, 1am

SINGAPORE Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains ...

Why we almost always underestimate the size of ...

grist.org 20 Apr '16, 7pm

In early April, TransCanada reported that a leg of the Keystone pipeline, running from Alberta, Canada, to Cushing, Okla.,...

Palm oil, mining moratorium declared in Indonesia’s Leuser Ecosystem:

Palm oil, mining moratorium declared in Indones...

news.mongabay.com 20 Apr '16, 6pm

Top officials in Indonesia have reportedly declared a moratorium on new oil palm and mining concessions in the Leuser Ecos...

The Coming World of “Peak Oil Demand,” Not “Peak Oil”: In a Greater Middle East in which one countr... https://t.co/xQfdoj6jnk

The Coming World of “Peak Oil Demand,” Not “Pea...

peakoil.com 30 Apr '16, 12am

At the beginning of this century, many energy analysts were convinced that we were at the edge of the arrival of “peak oil...

Crude oil prices fall as major producers hint a...

reuters.com 21 Apr '16, 1am

SINGAPORE Crude prices fell early on Thursday as concerns over a global glut took center stage after Russia and Iran said ...

Crude prices edge up on Kuwait oil worker strike: SINGAPORE (Reuters) - Oil prices edged up in early trading o...

Crude prices edge up on Kuwait oil worker strik...

reuters.com 19 Apr '16, 1am

NEW YORK Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC membe...

Oil prices tumble after Saudi-Iran tensions sink output deal: SINGAPORE (Reuters) - Oil prices tumbled on Mond...

Oil prices tumble after Saudi-Iran tensions sin...

reuters.com 18 Apr '16, 4am

SINGAPORE Oil prices tumbled on Monday after a meeting by major producers in Qatar collapsed without an agreement to freez...