An independent, UK-registered educational charity working to raise international public awareness and promote better understanding of the world's oil-depletion ...
Link: odac-info.org
Decline rates and depletion rates The rate of oil production from an oilfield normally rises to a peak or plateau and then declines. The term decline rate refers to the percentage annual reduction in the rate of production (in barrels/day) from an individual field or a group of fields...
Ideally we need to identify a price curve to show the point economic growth is constrained to the point of vanishing but we are confronted with a paucity of data. We believe that $147/b in mid 2008 helped trigger the ‘Great Recession’ but the global economy was weakening from late 200...
On the climate, the Agency said the window to avoid global warming of more than 2°C could be closed for good by 2017. Four fifths of the emissions needed to push temperatures past the limit of ‘dangerous’ climate change are already locked in by existing capital stock – power stations,...
The Central Scenario, also called the main product, forecasts a near doubling of production by 2020 to 6mb/d increasing to 8.5mb/d by 2035. These are big numbers and would make a huge difference to the economy of Iraq, but would they significantly change the global oil supply picture?...
We recently remarked that a flurry of expert and news reports on the impending arrival of U.S. energy independence bore a striking resemblance to a lobbying campaign -- at a time of unusual economic distress, you dress up your long-time drilling wish list as a jobs initiative, and a w...
Chancellor George Osborne acknowledged the effect of the oil price in an interview on Radio 4’s Today Programme, but his response has been depressingly short-termist. The most direct measure was a further postponement of the fuel duty escalator - there will now be no rise until August...
Much has indeed changed since Saudi began its capacity expansion programme in the early 2000s. The IEA predicts a large increase in Iraq’s oil production of more than 5mb/d by 2035, Brazil is set to become a major deep water oil producer, and in North America exploitation of oil shale...
