Part 1: The Howard years Peak oil, which should be seen as a process having started in 2005 rather than an event in the year of maximum global production, hits the weakest…
Tag: Dr. Bakhtiari
Iran’s 2nd and last oil peak
“Iran’s Supreme Leader Ayatollah Ali Khamenei said in Tehran that Iran has become addicted to selling crude oil and the time has come that the country voluntarily shut down some of its…
Iran crude oil production to decline by 700 kbd by 2015; budget neutral oil price $130
The new IEA Medium Term Oil Market Report 2010 http://www.iea.org/W/bookshop/add.aspx?id=397 estimates Iran’s oil production capacity will decline by 700 Kb/d by 2015. The above graph shows the change of crude oil capacities…