Psst!!! Hey kid!! Wanna see something really cool? Check out Saturn's polar hexagons.
Here's an article from The Oil Drum regarding the H2Car, and why it is a dead end. I suppose if we were all Rockefellers we could afford it, assuming the math is correct as given.
Also from The Oil Drum a post by Stuart Staniford titled Water in the Gas Tank. Reader's Digest Condensed Version: blues and greens in the graphs = H2O, whereas the oranges and reds = OIL!! Check the colorful simulations over time that indicate the depletion of oil and the rise of water in the fields. This is from KSA's own data I should add. Overall impact; some of the Drummers are getting more concerned than ever that KSA really has peaked. However, the more cautious suggest that perhaps KSA is husbanding remaining resources in anticipation of higher demand and higher prices. There were 298 comments when I posted this, I don't know how many more will show up. Stuart did a great job finding a lot of data, and some of the techies have given him props for that.
1 comment:
I believe that Gahwar has peaked, and that it peaked in 2005. I do not believe that the Sauds are husbanding their resources, as they need every drop of money they can collect right now; but I do believe that Saudi Aramco is lying flagrantly about their reserves, which I feel they are grossly overstating.
This means, of course, that oil production world-wide has peaked, since this is the largest oil field in the world.
It would also appear that the depletion rate is more like 5% than 3%, which is very scary extrapolated over the next 15 years.
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