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z2004-06-09- Peak Oil Conference
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last edited by BillSeitz on Dec 4, 2008 2:09 pm

There was a conference in Berlin May in late May. [North Sea] production is declining at an increasing rate, having peaked in 1999. Not at the predicted flat rate of decline of 7%, but gradually accelerating from 7% to 8.5% to 11%. And the number of major new oil fields discovered around the world fell to zero for the first time in 2003, despite an obvious increase in technological expertise. ()


 



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