- Joined
- Mar 24, 2009
- Messages
- 16,743
Secrecy by Complexity: Obsfucation in energy data, and the primacy of crude oil
The dramatic fall of Mexican oil production, and its largest field Cantarell, is often cited as a signature example of the problems facing Non-OPEC supply. Since the production highs of 2004-2005, Mexican production has lost over 800 kbpd (thousand barrels per day) which is fairly dramatic for a country that was producing around 3.4 mbpd as recently as 5-6 years ago. But as accelerated as these declines have been in Mexico, there`s another oil producing region has seen even quicker declines. The North Sea, which comprises `United Kingdom Offshore, Norway, Denmark, Netherlands Offshore, and Germany Offshore` has just lost 20% of its production in 24 months. Daily production is down 600,000 barrels per day in that period. | see: North Sea Crude Oil Production in mbpd 2008-2010.
Read the full article here.
The dramatic fall of Mexican oil production, and its largest field Cantarell, is often cited as a signature example of the problems facing Non-OPEC supply. Since the production highs of 2004-2005, Mexican production has lost over 800 kbpd (thousand barrels per day) which is fairly dramatic for a country that was producing around 3.4 mbpd as recently as 5-6 years ago. But as accelerated as these declines have been in Mexico, there`s another oil producing region has seen even quicker declines. The North Sea, which comprises `United Kingdom Offshore, Norway, Denmark, Netherlands Offshore, and Germany Offshore` has just lost 20% of its production in 24 months. Daily production is down 600,000 barrels per day in that period. | see: North Sea Crude Oil Production in mbpd 2008-2010.
Read the full article here.