tag:blogger.com,1999:blog-5235419263414453422.post5214947212401293430..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: Global Oil Recovery Faltering?Stuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5235419263414453422.post-76817756263876200512010-06-15T13:49:47.935-07:002010-06-15T13:49:47.935-07:00A little more constructively: essentially, the ris...A little more constructively: essentially, the rise in production through 2004 primarily came from increases in Saudi and Russian production. Those two countries largely levelled out in the 2005-2008 timeframe. There was (and probably still is) a great deal of debate and disagreement on why this is so, and what it meant for the future of oil production, but at any rate, that was the proximate cause of the bumpy plateau in global oil production from 2005 on.Stuart Stanifordhttps://www.blogger.com/profile/07182839827506265860noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-70319370299149424852010-06-14T21:40:24.182-07:002010-06-14T21:40:24.182-07:00Greg:
I guess you missed out on the last five yea...Greg:<br /><br />I guess you missed out on the last five years of peak oil debate :-) Not quite sure where to start to catch you up. You might try searching for "Saudi Arabia" on The Oil Drum with a particular focus on the 2006/2007 timeframe, and on pieces by Euan Mearns, myself, and Joules Burn.Stuart Stanifordhttps://www.blogger.com/profile/07182839827506265860noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-33719894497014006262010-06-14T20:20:53.307-07:002010-06-14T20:20:53.307-07:00Your second chart seems to show a clear knee in la...Your second chart seems to show a clear knee in late 2004.<br /><br />Something happened in 2004 that changed trend growth from eight-thirds of a million barrels per day per year, to about two-fifths. What was that?<br /><br />I doubt it was Greece beating Portugal 1-0 in the European Cup, or the death of ex-president Reagan. It could have been the series of hurricanes that swept through the Gulf, though. That might have changed investment strategies. In which case, the BP debacle will only reinforce the change, and delay any reversion to the first trend.<br /><br />How are things going in Iraq?Greghttps://www.blogger.com/profile/11939046017258198038noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-80804654651567935302010-06-14T16:58:10.199-07:002010-06-14T16:58:10.199-07:00It looks like you are tracking total liquids and c...It looks like you are tracking total liquids and comparing that to WTI Crude prices. Given the variety of costs and EROEI for the liquids, it might be better to compare crude with crude or at least mention the discrepancy in the data.<br /><br />I do appreciate your blog. One of the things holding me back on having my own blog is how nitpicking I am on my own stuff, which makes me too slow a writer. Better to go with what you have got than not to put anything out at all.Eric Hackerhttps://www.blogger.com/profile/03288021379443566141noreply@blogger.com