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Friday, December 13, 2013

Peak Oil

Today's oil factoid.



From Wikipedia, via Iowa Andy. At 25 million barrels a day it will take 120 years to exhaust the estimated 3 trillion barrels that God buried somewhere under the surface. You'd think he could have left us a map. My only question right now is how long will it be before will need to start building drill ships out of unobtanium ala The Core.

5 comments:

Roberta X said...

The solar system is fairly lusy with kerogen, which is something of a crude-oil slushy. Why drill when you can rocket?

Roberta X said...

"lusy" I mean "lousy." Lots of the stuff.

Anonymous said...

Peak oil refers to production rate and not reserves.

The IEA confirmed three years ago that conventional oil production peaked back in 2005.

In terms of population, global oil production per capita peaked back in 1979.

Charles Pergiel said...

Outer space could have ample supplies of kerogen, but what about an oxidiser?

Charles Pergiel said...

Regarding peak oil: Look at the graph. "Global production of oil fell from a high point in 2005 at 74 mb/d, but has since rebounded setting new records in both 2011 and 2012." - Wikipedia.