The key to Peak Oil

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The key to Peak Oil

• Production of Oil versus Discovery

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Peak oil production in past World map of Peak Oil
Production http//www.youtube.com/watch?vow1w33VA
PIIfeaturerelated
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To Peak Oil People there is a General rule of
thumb that there is a 30 to 40 year relationship
between peaking of discoveries and a peaking of
production.
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Key question is what is the lag between
discoveries and eventual peaking?
MICHAEL LYNCH Actually, I think the problem here
is that Julian and a lot of the people making
these arguments are not that familiar with the
technical terms in the oil industry. The
estimates that there's about two trillion barrels
of oil resource are actually done by some very
simplistic models, which have not always failed,
but almost always failed on both the national and
a global level. The oil conventional oil resource
base, the oil in place, is about eight to ten
trillion barrels. And right now, most estimates
are that about 40 of that will be recovered, in
other words, about three, three-and-a-half
trillion. But the amount we'll recover will grow
over time. So we're not -- we're really not even
close to halfway through the conventional oil
resource base. Michael Lynch, President of
Strategic Energy Economic Research. Previously,
Michael was Director of Asian Energy and
Security, at the Center for International
Studies, M.I.T., as well as a Lecturer in the
Diplomatic Training Program at the Fletcher
School of Law and Diplomacy at Tufts
University. April 28, 2006 http//www.democracyno
w.org/2006/4/28/has_global_oil_production_reached_
maximum
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At the moment Norway Production is in decline See
reserve peak for details
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Have we seen Peaking discussion before where it
didnt occur? Lord Kelvin 1881
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So, how much oil is there?   World Oil
Consumption Great video of the globe showing
current use http//www.youtube.com/watch?vimp082A
MNH8featurerelated World map of Peak Oil
Production http//www.youtube.com/watch?vow1w33VA
PIIfeaturerelated CNN Global oil
reserves http//www.youtube.com/watch?vVXYOOvGLzf
Ifeaturerelated