“Many small creeks make a large stream” is a Swedish saying that describes well the production of shale oil and shale gas. Equivalent English sayings are, “Many a little makes a mickle,” (that originated in Scotland, and then President George Washington used in a text of 1793) and “Many drops make a river.” If one… Keep Reading
Publication date: 2008-08-01 First Published In: Pipeline & Gas Journal Authors: Jude Clemente Abstract: 1.5 million barrels per day (bpd), oil from Mexico comprises about 11% of U.S. imports. As a top-three supplier to the U.S., Mexico has been a consistent and reliable source of oil for years. In the first half of this decade,… Keep Reading
Publication date: 1998-06-01 First Published in: Natural Resources Research Authors: D.J. Santini Abstract: This paper examines three issues related to both the U.S. and world oil supply: (1) the nature of the long-term, post-peak production profile for the U.S. and, by inference, other regions (the Hubbert curve is used as a “strawman” model); (2) implications… Keep Reading
There is a “significant risk” that global production of conventional oil could “peak” and decline by 2020, a report has warned. The UK Energy Research Council study says there is a consensus that the era of cheap oil is at an end, but it warns that most governments, including the UK’s, exhibit little concern about… Keep Reading