"Big Oil" Production Decline 'Big oil' getting smaller as production keeps falling

platts ^ | February 14, 2014 | Richard Swann in London

[cpdiii]

Furthermore, with total world oil output continuing to rise every year, the western majors are seeing their share of the global market fall even faster, with new volumes coming largely from their rivals in places like Russia and a host of smaller companies at the heart of the shale oil boom in the US.

What is the problem? We are producing more oil and gas because of small independents that understood the shale oil play and how to produce it. This is good.

The major oil companies due to their vast resources will also purchase and exploit this resource, in the end they will be the major producers from this source, and this is good. There is not a problem. The market forces do work. When you fill up up your car, pay your electric bill, or heat your house, you the consumer are the beneficiary.

[cpdiii]

Donkeys create unburned carbohydrates.

Yes they do and as such are an environmental menace. These "evil" carbohydrates will be utilized by microbes that will produce CO2, which is the evil of all evils.

However, if we capture all the carbohydrate waste it could be converted by other "good microbes" such as yeast into good organic molecules such as ethyl alcohol, also known as whiskey. Although the whisky when consumed will also convert to CO2 a considerable fraction of the carbon will be excreted as human waste and if buried in an anaerobic environment will be forever excluded from the environment and never converted into the evil CO2.

In short the fate of the world depends on converting donkey sh-t into drinkable alcohol.

[Paladin2]

I don't buy it..

LOL

[ckilmer]

fyi

[onona]

Tingalayo !

[TheMole]

According to the International Energy Agency, total world oil supply has risen in recent years from 85.66 million b/d in 2009 to an average of 91.53 million b/d in 2013.

Interesting factoid there for the Peak Oil crowd.

[Dusty Road]

We have 72 wells on the big ranch, 7 on the smaller ranch and 3 on an area we leased down by Garden City. Our total oil production runs around 15000 barrels a month.

Our gas averages about 38 MCF per day per well. The gas brings us about as much money as the oil with far less overhead. Oil is nice but gas is where the real money is especially good wet gas like ours.

[STJPII]

Exactly. $KOG

[ckilmer]

Interesting factoid there for the Peak Oil crowd.
..............
There was a peak in oil. It was a peak in easy oil, relatively inexpensive to get at and accessible to technology of 15 years ago.

[American Constitutionalist]

Going nowhere with greenies and environwackos mode of transportation.

[American Constitutionalist]

Don't forget partially burned bio char ( charcoal ) can be put into the ground and help plants and is negative carbon neutral.
A working wood gasifier would work well in doing that... heck you can even burn donkey pooo in a gasifier and produce electricity for your house.

[American Constitutionalist]

Now that's what I call " re-purposing " something that would other wise sit in a junk yard and rust away.
Either that's Vietnam, or Thailand, but one thing you can't say about them is that they are very industrious, unlike the thug yoots in this country going around beating people up.

[American Constitutionalist]

I wish I could live out in the country like you and not be in this turdworld crap hole east coast liberal hell hole city.