Things just got worse
Kuwait, long regarded as home to some of the world’s largest reserves of petroleum, may possess only half the amount of oil reserves that it officially has been stating for many years.
Kuwait, long regarded as home to some of the world’s largest reserves of petroleum, may possess only half the amount of oil reserves that it officially has been stating for many years.
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OPEC producer Kuwait’s oil reserves are only half those officially stated, according to internal Kuwaiti records seen by industry newsletter Petroleum Intelligence Weekly (PIW).
…”One major challenge in maintaining, let alone increasing, oil production capacity was Iraq’s battle with water cut, especially in the south,” said the EIA report referring to the excess effluent water produced with each barrel of crude.
Grasshoppers and Non-Violent Communication (NVC) are the top two responses to Peak Oil I recommend,” responded Ano. “Oxen would be my first choice,” piped up Mango Jon—a thin and vital 73 years old.