The Anatomy of Oil Decline

I spend a lot of words talking about oil decline without explaining what it is or how it works… well. If you’re looking for a slightly more technical take… here’s one on Cantarell.(Gerson Lehrman Group) An average well in 1981 would produce 29,000 bbl/day. Development continued with production coming from many of the fields including …

Newt Gingrich can’t Count (oil) he’s dangerous.

Today the House Energy Committee got a visit from Al Gore… and he ruffled some feathers… especially those of Mr. Gingrich. Here’s his response He says that Al Gore presented “misleading ascertions”. Newt says… [Al Gore] said for example, the rate of new discoveries, is falling for energy. That’s factually not true. Actually, Newt, it …