dashster wrote:I see Canadian Oil Sands on the chart. Not sure what they are referring to with regard to depletion rate and Oil Sands.
ROCKMAN wrote:
You see what I’m saying now: the chart isn’t representing what anyone thinks it’s saying regardless how they interpret “Cost of Production”. Either way the chart is grossly misleading IMHO.
ROCKMAN wrote:MD - "I'm still convinced of its accuracy though." Fair enough. So you believe the KSA and Russia have undeveloped oil reserves they can drill up for $20/bbl.
ROCKMAN wrote:A) the price required to PRODUCE existing oil reserves and B) the price required to DEVELOP new oil reserves. The curve is labeled "Cost of Supply". So which is it...A or B?
ROCKMAN wrote:...I suspect few folks realize how much current production is economical to produce from wells that will never recover the investment even at $100/bbl.
They are all from proprietary data shops so we don't get to see what goes into these. (Do paying customers get much more?)ROCKMAN wrote:You posted the chart so I'll leave it to you to tell us which of the above scenarios is being offered.
Whatever their methods, it would be interesting to see the same graphs for different years.MD wrote:The wedge, however, is moving.
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