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    - Peak Oil 101

    Started by RE Jul 16, 2024, 03:03 AM

    Message path : / Planetary Material Conditions / Peak oil / Peak Oil 101 #57


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    RE

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    Jul 16, 2024, 03:03 AM
    Quote from: K-Dog on Jul 15, 2024, 09:17 PMThe new find is only 1/6 of what has been extracted from Prudhoe, or half of what remains there.  Things went exponential.  2 billion barrels is not the find it used to be.

    True, but they plan on pumping it out rapidly.   The plan in to raise their oil production by about 1.5M bls/day.  At that rate, they'll have it drained in about 6 years.  Prudhoe Bay has been producing oil for more than 40 years.  So it's significant on an annual basis.  They also say there is evidence for more as well.

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