Saturday, August 23, 2008

Good peak oil capsule summary from Texas

A petrogeologist, Jeffrey Brown, sees the world as passing peak now.
the top five net oil-exporting countries - which are Saudi Arabia, Russia, Norway, Iran and the United Arab Emirates, and which account for one-half of current world net oil exports - are showing an ongoing decline in net oil exports, continuing a trend that began in 2006. To give you an idea of where we're headed, Mexico - another former top producer - will see its oil exports hit zero in 2010.
What about new finds?
[W]hatever new fields come on-line are only incremental improvements in the level of supply.

No comments: