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Simmons on Peaking Production

Learn about Peak Oil as a concept, how it's calculated by field to world level. Uncover issues with data methodology, future supply uncertainties, OPEC's role, and Saudi Arabia's oil reserves secrecy.

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Simmons on Peaking Production

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  1. Simmons on Peaking Production What this means Matthew R. SimmonsSimmons and Company http://www.simmonsco-intl.com/research.aspx?Type=msspeeches

  2. http://www.simmonsco-intl.com/research.aspx?Type=msspeeches

  3. Video Interview with Simmons http://www.youtube.com/watch?v=MCSTCEUJmFI

  4. Objectives • Defining Peak Oil as a concept • Showing how it is calculated • By field • Aggregate to country • Aggregate to world

  5. Objectives • Note problems/issues with methodology • Future demand not a constant – population is growing as well as the global middle class • Future supply not fully known (possible new fields) • Field by field data mainly not available • OPEC nations don’t release data • And are suspected of cheating • Saudi Arabia has the biggest “proven reserves” and also keeps things “top secret”

  6. http://www.simmonsco-intl.com/files/Capitol%20Hill%20-%20Depletion%20&%20Peak%20oil.pdfhttp://www.simmonsco-intl.com/files/Capitol%20Hill%20-%20Depletion%20&%20Peak%20oil.pdf

  7. Latest Data from ASPO (Association for the Study of Peak Oil and Gas) • http://www.peakoil.net/

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