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  • Megaprojects Predict Decline of Oil Production [View article]
    Keep in mind that long-term geopolitics and macroeconomics can change the numbers rather easily, and not just in the direction of declining production. Here are some game-changing examples:

    -What if Iraq calms down and starts producing at something close to its potential?

    -What if Iran opens up to Chinese oil majors and uses their technology to double their extraction, which everyone agrees is possible?

    -What if Mexico opens up to foreign oil companies and doubles their extraction?

    -What if Nigeria stabilizes?

    -How long until Libya starts producing massive amounts of oil?

    -What if a warming climate (regardless of the reason) improves the economics of Arctic, Siberian, or Canadian extraction?

    -What if deepwater drilling becomes cheaper?
    Sep 03 10:47 am |Rating: 0 0
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