What

1
Whats with Oil?

• The Probable Status of the Resource

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Uses of Petroleum
Figure 2 - 2004
Figure 1 - 1973
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Figure 3 - Texas oil production, 1935 to 2005
Source Railroad Commission of Texas
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Figure 4 - Mathematical relations involved in the
complete cycle of production of any exhaustible
resource
from Hubbert, M. King (1956), Pub. No. 95, Shell
Development Co. Exploration and Production
Research Division
5
Figure 5 - Hypothetical production from 8 wells
shown individually and cumulatively (Hubbert
Curve) as a function of time.
Source http//wolf.readinglitho.co.uk/mainpages/h
ubbert.html
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Figure 6 - Hubbert linearization of Texas
petroleum production showing percent of Q at peak
production.
From Brown, Jeffrey J., (2006). Texas and US
Lower 48 Oil Production as a Model for Saudi
Arabia and the World
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Figure 7 - Historical oil and condensate
production in Oklahoma
Source Claxton (2001), Oil and Gas Information,
Oklahoma Corporation Commission.
http//www.occ.state.ok.us/text_files/ogfiles.htm

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Figure 8 - California oil production showing
cumulative production to 1998 and a Hubbert
distribution ultimate recoverable production of
36 billion barrels
Source http//www.hubbertpeak.com/us/ca from
USEIA data?
9
Figure 9 Hubbert linearization of US lower 48
production
From Brown, Jeffrey J., (2006). Texas and US
Lower 48 Oil Production as a Model for Saudi
Arabia and the World
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Figure 10 - Historic and forecast Alaska North
Slope Production
Source US National Energy Technology Laboratory,
2005
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Figure 11 - Upstream production costs per barrel
of oil equivalent
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Figure 12 - US Petroleum Production 1954 to 2006
Source US Energy Information Administration
(2006 )
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Figure 13 - US Crude oil production vs drilling
activity
Source New York Times (2007) from US Energy
Administration Data
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Figure 14 - Hubbert linearization of Saudi
Arabian production including but not limited to
Ghawar
From Brown, Jeffrey J., (2006). Texas and US
Lower 48 Oil Production as a Model for Saudi
Arabia and the World
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Figure 15 - Linearization of Kuwaiti Oil
Production
Data from American Petroleum Institute (via
Jean Laherrere), 2005(?) and BP Statistical
Review of World Energy
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Figure 16 - Hubbert linearization, Cantarell,
Mexico
The Oil Drum, 2006, Discussions About Energy and
Our Future at http//www.theoildrum.com/
story/2006/1/20/193723/259
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Figure 17 Hubbert linearization of total Mexican
production
The Oil Drum, Discussions About Energy and Our
Future at http//www.theoildrum.com/
story/2006/1/20/193723/259
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Figure 18 - Oil producing countries past peak
production, 2007
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Figure 19 - Oil production from the Majors, 1997
to 2007
Compilation by Energy Watch Group 2007
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Figure 20 History of petroleum discoveries
(proven probable) versus production
IHS Energy, 2005
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Figure 21 Chevron advertisement, circa 2006
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Figure 22 - Typical production pattern for an oil
region
Source IHS Energy, 2005
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Figure 23 - Shell oil shale extraction technology
Source http//www.shell.com/static/us-en/download
s/shell_for_businesses/exploration_production/icp_
fact_sheet_final.pdf
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Table 1 - US Government ultimate recovery
estimates
Source US Energy Information Administration
(2005) from US Geological Survey Analysis (2000)
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Figure 24 - Hubbert linearization of world
production
Source The Oil Drum, Discussions About Energy
and Our Future at http//www.theoildrum.com/
story/2006/1/20/193723/259
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Figure 25 - Advertisement by Chevron, circa 2005.
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Figure 26 - Figure from US Geological Survey Open
File Report 00-320 (2000)
US Geological Survey Open File Report 00-320
(Magoon, 2000, modified from Campbell and
Laherrere 1998)
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Figure 27 - Oil natural gas production profiles
based on data through 2006
Source Association for the Study of Peak Oil and
Gas, most recently reproduced in Newsletter No.
85, January 2008
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Figure 28 - US Energy Information Administration
petroleum production scenarios (2004) based on
2000 USGS estimates
Sources as shown
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Figure 29 - World Petroleum Production 1/2001
11/2007
Compiled by author from US Energy Information
Administration data published January 2008,
includes natural gas liquids
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Figure 30 - World petroleum production (left
scale) and price in 2006 (right scale)
Source The author from US Energy Information
Administration data, 2006 and 2007
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Thank you!