Oil will decline shortly after 2015, says Rech
Leave a Comment so far
Leave a comment
January 5, 2012, 11:57
Filed under: Uncategorized | Tags: crude oil, depletion, IEA, oil predictions, peak oil, petroleum, production, Rech
Filed under: Uncategorized | Tags: crude oil, depletion, IEA, oil predictions, peak oil, petroleum, production, Rech
Q: What do you foresee? Let’s begin with the non-OPEC producers (which represent 58% of production and 23% of global reserves).
Rech: Outside OPEC, things are clear: of 40 million barrels per day (mb/d) of conventional petroleum extracted from existing fields, we face an annual decline on the order of 1 to 2 mb/d.
via Oil will decline shortly after 2015, says former oil expert of International Energy Agency | Oil Man.
Roughly 5% annual decline in conventional supply ongoing.
Leave a Comment
Leave a Comment so far
Leave a comment
Industrialized Cyclist Notepad 