Off the cliff we go

The Oil Drum just posted an excellent up-to-date set of graphics on oil decline rates, and even at 3.4% this does not look good at all; that mean’s we’ll have half the liquid fuel we do today in 20 years time.

Global Oil Decline

My gut feeling is that the rate of decline will accelerate, not float down as in the above graph, as it did in Cantarell:

Peak oil in Cantarell Mexico

Off the cliff we go.

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The Off the cliff we go by David Crossland, except the quotations and unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.

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