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View Diary: Peak oil and peak silliness (111 comments)

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  •  There is not much of a slope (3+ / 0-)
    Recommended by:
    NoMoreLies, bluegrass50, mightymouse

    after 2004.  Yes, there is a 3 year run of slight increases, but on the order of 2% recent average production rates.  A decade ago or so we saw a 5% increase from year to year.

    And how much of this production is dependent on newer technologies - some of that oil will fit in the "not cheap oil" bucket.

    And if you look at the 30 year trend it seems we are in a period of slight production gains, but it seems to be a slower pace than previous production increases, and could easily be rendered as statistical noise if rates go down of level off again for 4 or 5 years.

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