1. What’s with Oil? The Probable Status of the Resource

2. Uses of Petroleum Figure 1 - 1973 Figure 2 - 2004

3. Figure 3 - Texas oil production, 1935 to 2005 Source: Railroad Commission of Texas

4. Figure 4 - Mathematical relations involved in the complete cycle of production of any exhaustible resource from Hubbert, M. King (1956), Pub. No. 95, Shell Development Co. Exploration and Production Research Division

5. Figure 5 - Hypothetical production from 8 wells shown individually and cumulatively (“Hubbert Curve”) as a function of time. Source: http://wolf.readinglitho.co.uk/mainpages/hubbert.html

6. Figure 6 - Hubbert linearization of Texas petroleum production showing percent of Q at peak production. From Brown, Jeffrey J., (2006). Texas and US Lower 48 Oil Production as a Model for Saudi Arabia and the World

7. Figure 7 - Historical oil and condensate production in Oklahoma Source: Claxton (2001), Oil and Gas Information, Oklahoma Corporation Commission. http://www.occ.state.ok.us/text_files/o&gfiles.htm

8. Figure 8 - California oil production showing cumulative production to 1998 and a Hubbert distribution ultimate recoverable production of 36 billion barrels Source: http://www.hubbertpeak.com/us/ca from USEIA data?

9. Figure 9 Hubbert linearization of US lower 48 production From Brown, Jeffrey J., (2006). Texas and US Lower 48 Oil Production as a Model for Saudi Arabia and the World

10. Figure 10 - Historic and forecast Alaska North Slope Production Source: US National Energy Technology Laboratory, 2005

11. Figure 11 - Upstream production costs per barrel of oil equivalent

12. Figure 12 - US Petroleum Production 1954 to 2006 Source: US Energy Information Administration (2006 )

13. Figure 13 - US Crude oil production vs drilling activity Source: New York Times (2007) from US Energy Administration Data

14. Figure 14 - Hubbert linearization of Saudi Arabian production including but not limited to Ghawar From Brown, Jeffrey J., (2006). Texas and US Lower 48 Oil Production as a Model for Saudi Arabia and the World

15. Figure 15 - Linearization of Kuwaiti Oil Production Data from American Petroleum Institute (via Jean Laherrere), 2005(?) and BP Statistical Review of World Energy

16. Figure 16 - Hubbert linearization, Cantarell, Mexico The Oil Drum, 2006, Discussions About Energy and Our Future at http://www.theoildrum.com/ story/2006/1/20/193723/259

17. Figure 17 Hubbert linearization of total Mexican production The Oil Drum, Discussions About Energy and Our Future at http://www.theoildrum.com/ story/2006/1/20/193723/259

18. Figure 18 - Oil producing countries past peak production, 2007

19. Figure 19 - Oil production from the Majors, 1997 to 2007 Compilation by Energy Watch Group 2007

20. Figure 20 History of petroleum discoveries (proven + probable) versus production IHS Energy, 2005

21. Figure 21 Chevron advertisement, circa 2006

22. Figure 22 - Typical production pattern for an oil region Source: IHS Energy, 2005

23. Figure 23 - Shell oil shale extraction technology Source: http://www.shell.com/static/us- en/downloads/shell_for_businesses/exploration_production/icp_fact_sheet_final.pdf

24. Table 1 - US Government ultimate recovery estimates Source: US Energy Information Administration (2005) from US Geological Survey Analysis (2000)

25. Figure 24 - Hubbert linearization of world production Source: The Oil Drum, Discussions About Energy and Our Future at http://www.theoildrum.com/ story/2006/1/20/193723/259

26. Figure 25 - Advertisement by Chevron, circa 2005.

27. Figure 26 - Figure from US Geological Survey Open File Report 00-320 (2000) US Geological Survey Open File Report 00-320 (Magoon, 2000, modified from Campbell and Laherrere 1998)

28. Figure 27 - Oil + natural gas production profiles based on data through 2006 Source: Association for the Study of Peak Oil and Gas, most recently reproduced in Newsletter No. 85, January 2008

29. Figure 28 - US Energy Information Administration petroleum production scenarios (2004) based on 2000 USGS estimates Sources as shown

30. Figure 29 - World Petroleum Production 1/2001 – 11/2007 Compiled by author from US Energy Information Administration data published January 2008, includes natural gas liquids

31. Figure 30 - World petroleum production (left scale) and price in $2006 (right scale) Source: The author from US Energy Information Administration data, 2006 and 2007

32. Thank you!