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65 comments on All that's wrong with 'common wisdom' in one article
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Euan:
Puffed up on Radio 4 this morning:
http://news.bbc.co.uk/1/hi/scotland/7432233.stm
Coverage begins on Tuesday evening on Reporting Scotland, and includes a special hour-long documentary -
Truth, Lies, Scotland and Oil - at 2240 BST on WEDNESDAY on BBC One Scotland.
Apparently Professors Odell (30 billion left) and Kemp (300 fields yet to be developed) reckon there is plenty left and this presenter reckons that reserves are growing.
Should be interesting.
Though my wife says I have to stop shouting at the Telly – Its a sign of Grumpy Old Man Syndrome.
More:
PeakUKCS Oil – false alarm, according to Auntie, we can stop worrying our pretty little heads and go back to sleep.
http://news.bbc.co.uk/1/hi/scotland/7435016.stm
>>The North Sea has almost as much oil left as has already been extracted, a BBC Scotland investigation has been told.
Experts believe between 25 and 30 billion barrels could still be recovered over the next 40 years.
Calculating oil reserves is not an exact science and this fact has made it difficult over the years to weigh up the true wealth of oil beneath the North Sea. <<
Shame it doesn’t fit with the production profile.
Maybe I will have to stop believing my lying eyes.
And that other canary in the coal mine:
http://www.dailymail.co.uk/news/article-1024082/Nurses-need-higher-milea...
Nurses.... two years ago, I thought they would be one of the first obvious hits.
I don't know why you worry.
The Government working assumption is that oil will trade at around $60-70/barrel for the next 20 years or so.
If the lights appear to dim at all it is due to our failing eyesight, not electricity shortages.
yes, and tractor production will excede the five year plan.
Hayley Millar's email address is: hayley.millar@bbc.co.uk
If memory serves, the HL plot I did suggests about 18 Gb of remaining recoverable reserves for the total North Sea (C+C).
But post-peak denial is a widespread phenomenon. I frequently quote the Texas State Geologist, who, in 2005, stated that while Texas may not be able to match its 1972 peak production rate, it could, with the use of improved technology (presumably aided by magic fairy dust) significantly increase its production.