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Current consumption = 85 mb/d = 31 billion barrels per year.

Make it a couple months.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Nov 21st, 2007 at 08:07:56 AM EST
[ Parent ]
Whoops, I was off by a factor of 10.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Nov 21st, 2007 at 08:12:44 AM EST
[ Parent ]
The important thing is that it can provide 3 million barrels per day during roughly 5 years..

It will not affect price int he shrot term.. it will  eep on increasing... but it would make the transition easier.. and for a longer period...

My big worry right now is global warming.. and it is called coal...

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 21st, 2007 at 09:26:50 AM EST
[ Parent ]
Given its size and technicla parameters, it's unlikely to product more than 1mb/d even with the optimistic reserve numbers.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Nov 21st, 2007 at 09:29:47 AM EST
[ Parent ]
If it's only 1 mb per day for 15 years.. it is a big drop but not enough.. if it reaches 3 million per day then teh transition should be smoother in the 2012-2015

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 21st, 2007 at 09:32:21 AM EST
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