Oil 1 Peak Oil 21
Peak Oil Theorists Wrong – Field Growth
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Peak Oil Theorists Wrong – Field GrowthPeak oil theorists flat-out ignore field growth. Steven Schafersman, petroleum geologist, “Be Scared; Be Very Scared,”10/10/02, www.freeinquiry.com/skeptic/badgeology/energy/commentary.htm Perhaps the most egregious error propagated by the doomsayers is their denial of field reserve growth. To make their numbers match their predictions, the alarmists insist that the proven reserves of explored and mapped oil fields will not grow. Yet such growth has occurred time and time again as both science and technology improve. Fisher states that, "Campbell and Laherrere's denial of reserve growth potential other than that already included in proven reserves is, from my long experience in analysis of field growth, a serious error." The West Texas Geological Society meeting in Midland last week featured talks by Robert Sneider, who has made his living in the last decade by buying old oil fields and reevaluating them to find more reserves. New stratigraphic interpretations using better and more sophisticated models and better 3-D seismic and geological analyses using computer workstations find new reservoir accumulations that were overlooked in the past, and better-designed secondary and tertiary recovery methods are able to recover more oil than before. Oil field reserve growth is a fact, but the doomsayers won't tell you forthrightly that they ignore it in their calculations. One has to be able to understand their figures and analyses to discover what they omit, and what they omit is telling. Peak Theorists Wrong – Bad ModelPeak theorists are always wrong because their model is wrong - oil’s supply curve is elastic. Peter R. Odell, Professor Emeritus of International Energy Studies @ Erasmus University, “Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy,” 2004, p.36  
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