Quick question: Is anyone still studying current global oil decline rate? I was a little shocked when the CEO of Saudi Aramco, Amin H. Nasser talked about their old super-giant fields (all of them) declining at a 5.5% rate. Some of the greatest minds in oil used to be obsessed with determining what this number was, but seems shale has killed any endeavor for ongoing research. Also a lot of these great minds have hung up their cleats or died. Thank you for any help on finding current research on this very important topic.
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Just look at global oil stocks including sea borne. You can get good idea of world production from that. Hint, it's dropping like a rock and still dropping. If USA shale hadn't started, you would know all about it. Now that shale is rolling over, I expect you will hear more on next couple years. It's being tracked very closely by large orgs and governments. Why did you think basf is moving lock stock and barrel to Louisiana? Cheers