"We also look at the question of whether the impact of Hurricane Katrina may have hidden the real peak in world oil production. We find that if an adjustment is made for hurricane impacts, the peak month of production seems to be December 2005 on a crude and condensate basis, and September 2005 on an all liquids basis. The higher adjusted peaks, and greater declines since the adjusted peaks, further suggest that we may be post-peak."
[Link:The Oil Drum]
This is a very enlightening article. It points out very clearly that one can't base one's opinion about Peak Oil on one, or even a few, country's oil production numbers. The production of oil is effected by a multitude of factors, many of which are specific to only one producer, and obviously can't be viewed piecemeal. I think that the most significant insight that this article provides is the clear graphical evidence that the powerful production growth areas are not keeping up with the multitude of declining sources.
No comments:
Post a Comment