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40 comments on COAL - The Roundup

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Euan Mearns on July 11, 2007 - 3:39pm Permalink | Subthread | Comments top

The most noteworthy passage from the foregoing IMO:

Recent programs to assess coal recoverability in limited areas using updated methods indicate that only a small fraction of previously estimated reserves are actually recoverable.

The BP stat review 2007 says this:

Proved reserves of coal - Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known deposits under existing economic and operating conditions.

Hmm?

And BP also have these gems on coal R/P ratios:

The Middle East 399 years
Japan 268 years

Also note that Japanese coal production increased 21% last year. Whilst Middle East coal production was static.

What's the problem?

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Euan Mearns on July 11, 2007 - 3:51pm Permalink | Subthread | Parent | Comments top

BP on oil:

Proved reserves of oil - Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.

I won't bother posting their definition of proved gas reserves!

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Chris Vernon on July 11, 2007 - 4:44pm Permalink | Subthread | Parent | Comments top

399 years of Middle East coal! What are we worrying about? Ah, the entire ME only produced 600 thousand tonnes of oil equivalent of coal last year, some 0.02% of world supply or around about enough one medium town in England.

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