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Oil Production

Correlation Between Oil Production and Reserves Discovery

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Publication date: 2002-06-01 First published in: Natural Resources Research Authors: M. Feygin Abstract: This paper shows that there is a strict quantitative connection between three factors: reserves-to-production ratio (w), the rate of production growth (a), and degree of reserve replenishment during one year (i). The first of these factors shows how many years the current…

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Giant oil field decline rates and their influence on world oil production

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Publication date: 2009-03-19 First published in: Energy Policy Authors: M. Höök et al Abstract: The most important contributors to the world’s total oil production are the giant oil fields. By using a comprehensive database of the giant oil field production, the average decline rates of the world’s giant oil fields are estimated. Separating subclasses was…

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Long term prediction of unconventional oil production

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Publication date: 2010-01-01 First Published in: Energy Policy Authors: S.H. Mohr, G.M. Evans Abstract: Although considerable discussion surrounds unconventional oil’s ability to mitigate the effects of peaking conventional oil production, very few models of unconventional oil production exist. The aim of this article was to project unconventional oil production to determine how significant its production…

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Why Oil Mixes With Gold

in Non-Renewable Energy by
Oil depletion

Brian Cohen, an investment fund analyst, has examined the connection between oil and gold and how this may affect the world. Considerably higher oil prices are coming to the world at the worst possible time. Not only is the world far from being ready with oil alternatives when demand is on the brink of surpassing…

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US military warns oil output may dip causing massive shortages by 2015

in Non-Renewable Energy by
crude-oil

The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact. The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches…

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Analyzing the world oil production Reference Scenario in World Energy Outlook 2008

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Publication date: 2010-03-01 First Published in: Energy Policy Authors: K. Aleklett et al Abstract: The assessment of future global oil production presented in the IEA’s World Energy Outlook 2008 (WEO 2008) is divided into six fractions; four relate to crude oil, one to non-conventional oil, and the final fraction is natural-gas-liquids (NGL). Using the production…

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A variant of the Hubbert curve for world oil production forecasts

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Publication date: 2009-07-23 First Published in: Energy Policy Authors: G. Maggio, G. Cacciola Abstract: In recent years, the economic and political aspects of energy problems have prompted many researchers and analysts to focus their attention on the Hubbert Peak Theory with the aim of forecasting future trends in world oil production. In this paper, a…

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Estimate of global oil resource and the forecast for global oil production in the 21st century

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Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth’s sedimentary cover as a holistic system. A forecast for global oil production was made for the period till the end of the…

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Can renewable and unconventional energy sources bridge the global energy gap in the 21st century?

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Publication date: 2003-06-01 First published in: Applied Energy Authors: Mamdouh G. Salameh Abstract: Energy experts project that global oil supplies will only meet demand until global oil production has peaked sometime between 2013 and 2020. Declining oil production after peak production will cause a global energy gap to develop, which will have to be bridged…

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The New Oil Reality

in Non-Renewable Energy by
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Washington Post has expanded its investigating reportage section, Oil Shock, and continued to dig deeper into the new oil reality and the driving forces behind the dramatic increases in oil price. They point out remarkable events that have passed by unnoticed in most other media. For instance that earlier this month, Valero Energy in Texas…

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