More Fun with Oil and Gas

Guest Post by Willis Eschenbach Well, having had such a good time with M. King Hubbert meeting the EIA, I thought I’d toss out another puzzle. This one is inspired by a statement from the King himself that someone quoted in that thread, viz: “A child born in the middle 30s,” Hubbert told reporters, “will…

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In the Oil game, Russia has the longest suit to play

Guest post by David Archibald Logistic decline plots may be misleading when the production profile has been affected by political events. Nevertheless, Figure 1 shows a logistic decline plot for Russia’s conventional production. The result is in line with Russian estimates of their ultimate recoverable reserves of conventional oil and the proportion produced to date.…

Peak Oil – the R/P Ratio re-visited

Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument “The R/P Ratio” against Peak Oil being imminent. I would like to present a different view. In fact I draw the opposite inference from the same statistic. From the BP data [1], Willis argued that the “R/P…