23 Jun '13, 2pm

Tech Talk - Insecurity in the Middle East

The largest of those resource sites is in Russia, where there may be as much as 75 billion barrels. But two things should be remembered. The first is that peak oil is reached, not when we run out of oil, but when we start producing less each year than in the previous. And the second is that getting much of the oil in the shale into the proven reserve category is going to take a fair amount of time, after which production rates, going from the results seen, for example, in the Bakken will decline at such a rate that a continued and expansive program of expensive drilling will be required to sustain production. And all this time the flow of oil from existing reservoirs will continue to fall.

Full article: http://www.theoildrum.com/node/10043

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This property is posted by a property agent from RH Housing Agency Pte Ltd The agent may charge you a fee for this. Please...

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Tech Talk - A June TWIP and the OPEC MOMR

theoildrum.com 16 Jun '13, 8am

The reality of that second assumption is, I rather suspect, more based on hope than reality. Once you start providing powe...