From: Glenn Morton (glennmorton@entouch.net)
Date: Tue Nov 04 2003 - 06:06:43 EST
I am not currently subscribed, but thought this might be of some interest.
The August production from the United Kingdom fell to its lowest level since
somewhere around 1992. If the 7.992 million tonnes of oil produced in
August were continued for a year, it, 96 million tonnes, would only be
slightly greater than the 1992 production. The UK illustrates how rapidly
depletion affects production. Up until 1999 everything looked like roses.
The production was skyrocketing:
year barrels
1997 128,234,000
1998 132,633,000
1999 137,099,000
But then all the factors which affect production came to effect and the
decline was very rapid:
2000 126,029,000
2001 117,396,000
2002 115,941,000
2003 est 108,000,000
The production from December of last year has been almost on steady decline:
2002 December 10,593,000
2003 January 9,879,000
2003 February 9,072,000
2003 March 9,873,000
2003 April 8,968,000
2003 May 8,574,000
2003 June 8,158,000
2003 July 8,903,000
2003 August 7,992,000
Norway, another major world producer is also showing its signs of age. Th
production is as follows:
1998 168 million cubic meters
1999 168 million cubic meters
2000 181 million cubic meters
Up until that point there was no sign of trouble. But the years since 2000
have shown a different story
2001 180 million cubic meters
2002 173 million cubic meters
2003 165 million cubic meters estimated
The big hope for new production in the world is in West Africa and Central
Asia. West Africa will largely be replacing production lost from the North
Sea and Central Asia is going to take a long time to get the oil to market
and it will be pipeline capacity constricted. All of this is more evidence
that the world is on the edge of a major energy crisis.
For more info see:
http://home.entouch.net/dmd/Oilcrisis.htm
This archive was generated by hypermail 2.1.4 : Thu Nov 06 2003 - 00:17:02 EST