Abstract
Has peak oil production already occurred? The end of cheap and easy oil ended in 2005 when conventional oil plateaued, with production leveling off since then. From now on the cost and difficulty of obtaining oil will increase. What is saving us now is unconventional tight “fracked” oil, but costs are higher than conventional oil extraction. And unlike conventional oil fields, fracked fields have a much shorter lifespan. An overview of the future of conventional oil, giant oil fields, light and heavy oil, shale “fracked” oil, tar sands, Venezuela’s heavy oil and their EROI, flow rate, declining discovery, current decline rate, and where the remaining oil makes it clear that the Age of Easy Oil has ended.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
