We were wrong on peak oil. There's enough to fry us all

[IDemo]

9. Just one of those fields?

Last edited Mon Jul 9, 2012, 04:34 PM - Edit history (1)

The Ghawar is the king of the planet's giant oil fields, not just a sprinkling of wells. It's where the majority of Saudi crude has come from for the past several decades. Saudi Aramco has been pumping millions of gallons of seawater daily into the field for some time now to keep the pressure up, and that water is showing up back at the wellhead in increasing amounts.

I don't know whether Stuart Staniford has received any additional funding for his numerous analyses for The Oil Drum, but he is working with data from the EIA, OPEC and other sources. If Stuart's lengthy article is too technical, there is a wealth of material elsewhere under 'Ghawar'. Take a look at 'Cantarell', Mexico's giant field which is undergoing a significant collapse right now as well.