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20060129 Sunday January 29, 2006

The 4 biggest oil fields in the world are in decline

peakoil.com -> dailykos.com :

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.

See also :

1. Author offers bleak peek at life after 'peak oil'
2. Largest Kuwait oilfield is peaking
3. Second largest oil field dying
4. On Ghawar

(2006-01-29 09:26:58 SGT) [Energy] Permalink

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