Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:Adam - "...proving peak oilers wrong from as far back as 1919". Actually as I pointed out about Corsicans Field in east Texas that was done in 1894. As you pointed oil the oil patch boomed and fizzled decades earlier in PA.
A lot of stripper production in Texas today comes from fields developed in the late 40's/early 50's. It was those trends that provided the bulk of Hubbert's data base he used to build his US PO model.
Subjectivist wrote:Actually what it proves to me is that people were premature in the past, including in 2005, but given the difficulty of extracting shale oil and the rarity of productive plays to be fracked we are scraping the botto of the barrel pretty hard these days.
ROCKMAN wrote:KB - "US was the "Saudi Arabia" of the World for the first ~90 years of oil history". And that's what I thought until recently. Before the US was THE Saudi Arabia of the world Russia was THE Saudi Arabia of the world. In fact just like the KSA et al recently crushing oil prices the Russians ruined Rockefeller's day by flooding the global market with oil over 100 years ago. But the following decline of Russian oil producing preserved the Baku oil complex and thus became one of the most critical aspects of WW II. From another recent post:
From:
https://en.m.wikipedia.org/wiki/Petrole ... Azerbaijan
“In 1898, the Russian oil industry produced more than the U.S. At that time, approximately 8 million tons were being produced (160,000 bopd). By 1901, Baku produced more than half of the world’s oil (11 million tons or 212,000 bopd), and 55% of all Russian oil. Approximately 1.2 million tons of Baku kerosene were also sold abroad.
Revolution and Soviet Republic – Several oil crises jolted Russia around 1903, when constant strikes, violence and ethnic strife during Russian Revolution of 1905 led to fall in the oil production from the peak of 212,000 bbl/d. The relative calm of the early 1910s was disrupted by World War I, when production of oil steadily decreased to reach the lowest level of just 65,000 bbl/d by 1918 and then dropped even more catastrophically by 1920. As a result of civil unrest no oil export was possible, oil storage facilities were damaged and wells were idle. The government of Democratic Republic of Azerbaijan was unable to restore the damage done to the oil industry during its time in office between 1918 and 1920.”
And as the chart shows Russia went from being the largest oil producer on the planet to producing almost ZERO OIL by 1930 after the revolution. It then took about 50 years for Russian production to regain that title when it reached its second peak oil by 1980:
http://www.crudeoilpeak.com/wp-content/ ... 008sep.jpg
ROCKMAN wrote:Doing some fact checking I discovered how the Brits dominated Iranian oil production prior to 1950. Couldn't find a credible numbed but a lot of oil produced. But then came political unrest...
ROCKMAN wrote:Z - Mucho thanks. Had my suspicions but didn't dig deeper. Similar to data I had not run across regarding OLDER significant production in other countries. Such as not realizing Russia was THE global oil producer around 1900....and then collapsed with the revolution and took many decades to recover. After PA declined and before Texas boomed.
As you say a variety of what-ifs and who they might have changed global history. What if Russian oil production had not collapsed and it became a major power in the region: could it have shut Nazi Germany down before it started? Had the UA not discovered one of the world's largest oil fields just in time to fuel the allied effort during WWII: in the US would we be eating struddle with chopsticks today? Had the Shah not been the butcher the US supported and backed the citizens would Iran be a major US supporter in the ME?
Let your imagination run free and there's a long list of alternate universes.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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