The 4 biggest oil fields in the world are in decline

The 4 biggest fields on the planet are now in decline, 3 officially. No super giant fields have been found in the past 25 years, and all the rock structures on the planet where such fields could be found are known.

We will not find more oil. We will squeeze more out of the existing fields, thus generating new "reserves" (in their economic definition), but we are already running out of the cheap and easy to produce stuff. Peak oil is very real.

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