[Peakoil-website-changes] [DokuWiki] page changed: senate_oil_inquiry_submission

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Date        : 2006/02/23 20:26
Browser     : Mozilla/5.0 (X11; U; Linux i686; en-US; rv:1.7.8) Gecko/20050513 Debian/1.7.8-1
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Old Revision: http://act-peakoil.org/dokuwiki/doku.php?id=senate_oil_inquiry_submission&rev=1140686487
New Revision: http://act-peakoil.org/dokuwiki/doku.php?id=senate_oil_inquiry_submission
Edit Summary: 
User        : 

@@ -46,9 +46,11 @@
  field can reduce the total amount of crude ultimately recovered. Why
  hasn't Saudi Arabia brought these bountiful future fields on line
  already? Maybe they are not so bountiful. Simmons doubts these fields
  will cover the shortfall as Ghawar and other major fields go into
- decline. If Saudi Arabian production declines, the world will have
+ decline. The decline could be rapid, as illustrated by the production profile of 8 giant fields (Simmons 2004 p288).
+ 
+ If Saudi Arabian production declines, the world will have
  peaked. Australians could then expect dramatic increases in fuel
  prices. And Saudi Arabia is not the only country with dubious reserve figures. 
  
  The essential point is, we don't know enough to be certain.



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