The Crash Course by Martenson Chris;
Author:Martenson, Chris; [Martenson, Chris]
Language: eng
Format: epub
Publisher: John Wiley & Sons, Incorporated
Published: 2023-02-06T00:00:00+00:00
FIGURE 17.2 Basic Extraction Profile
With each new straw, up to the first four, the rate of liquid extraction increases. After a time, the flow rate begins to decline and the insertion of straws 5 through 8 does not increase the flow rate. Image: Molly McLeod.
Peak Oil, then, isn't a theory, as some have tried to portray it; it's an observationâone witnessed on every single oil well ever drilled, which now number in the millions. Peak Oil is an extremely wellâcharacterized physical phenomenon. We have many decades of data and experience to draw upon when making that claim. This isn't some idle theory we're waiting to confirm through additional observation.
Some of the most carefully recorded items in the world are the barrels coming from an oil well. That's money, lots of money, and most often with multiple interested partners involved, so there's a huge incentive to track and track them accurately.
As have individual wells over time, entire oil fields comprised of many smaller finds have depleted in front of our watchful eyes. Dozens of nations have undergone this process of peaking. We can theorize about how much oil remains to be discovered and produced, but we cannot debate whether this is true or not. Like aging, Peak Oil is not a theory; it's an observed fact of life.
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