298. RESERVE GROWTH
GHAWAR NOW EMPTY. We have already pumped more oil out of Ghawar than the 1975 estimate of Ghawar's ultimately recoverable reserves (URR), according to data from Matt Simmons himself. So how do you explain that? ...
cars - http://ca6d.informationallsite.com
Monday, September 3, 2007
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You might have heard: oil is a finite resource. So, it will run out one day. But before that happens crude oil production rates will decline and world oil supply is at risk. Some say peak production is already at hand and the curde oil markets are out of control. The goal of this blog is to provide the most comprehensive and updated platform on the topic of peak oil.
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