ESL Lesson 1
Oil in Our Every Day Life
ESL Lesson 2
The History of Mining
ESL Lesson 3
Economic growth
ESL Lesson 4
Delivery Systems
ESL Lesson 5
Cities and Population Movement
ESL Lesson 6
Recycling
ESL Lesson 7
Rubber
ESL Lesson 8
Farming
More Oil Fields will be Found
If more fields continue to be found, then we will not yet have reached the peak of global production. The world has been thoroughly (through and through) explored for oil. Yes, more fields will be found. The question is, how much more oil will be added to the global reserve? The best answer appears to be "about 4% of the total volumes (amount) of global reserves have not yet been found".
To stop the decline in global oil production for the next five years past the peak, 5 very large oilfields producing a minimum of I million barrels a day each need to be found. As the global decline rate continues, yet more very large oilfields need to be found. The idea that there is a constant number of very large oilfields just waiting to be found to replace year on year declines of millions of barrels of oil a day is simply fantasy (not believable). New fields brought into production after peak oil are by definition small, and cannot make up for the huge amount of reserves already used up over the years. More regular oil will be found, including small overlooked (passed by) pockets in existing fields, but the quantity (amount) is trivial relative to (very small compared to) the rate of global decline and rate of global consumption (usage).
Continue to: Some Producing Oil Fields by size
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Oil in Our Every Day Life
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Glossary of Oil & Gas Terms
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World Crude Oil Production Forecast
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More Oil Fields will be Found
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Some Producing Oil Fields by size
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Expected Oil fields by year 2006-2010
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Future from 2010
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World Oil Consumption 2006
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OPEC Warning
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Carbon black shortages slow down mining
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