Over the past ten years, it has taken us trillions of dollars, basically, to keep us on an undulating plateau in actual crude oil production. What happens going forward?
Articles: Export Land Model (3)
The International Energy Authority does does its best to paint a rosy picture of peak cheap oil. The reality is an economy which can no longer grow its way out of its problems.
In this paper, I briefly review recent global crude oil and liquids production numbers, and I review the Export Land Model (ELM). I also introduce the concept of the Export Capacity Index (ECI), which is simply the ratio of total petroleum liquids production to liquids consumption in net oil …