{"id":499,"date":"2014-03-21T08:07:11","date_gmt":"2014-03-21T08:07:11","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=499"},"modified":"2014-03-21T08:07:11","modified_gmt":"2014-03-21T08:07:11","slug":"uk-oil-production","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=499","title":{"rendered":"UK Oil Production"},"content":{"rendered":"<p>Reading the BP Statistical Review of World Energy:<\/p>\n<p>[<a title=\"BP Statistical Review\" href=\"http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf\" target=\"_blank\">http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf<\/a>]<\/p>\n<p>One can read some incredible facts about UK Oil production.<\/p>\n<p>In <strong>2002<\/strong>, the <strong>UK produced 2,495,000 barrels of oil per day<\/strong>. Ten years on, in <strong>2012<\/strong>, the UK produced <strong>967,000 barrels of oil per day<\/strong>.<\/p>\n<p>A steady decline over 10 years for the UK. The picture is the same for many other counties<\/p>\n<p><strong>Norway in 2002<\/strong> was <strong>3,333,000 barrels of oil per day<\/strong>. Ten years on, in <strong>2012<\/strong> in 2002, Norway was <strong>1,916,000 barrels of oil per day<\/strong><\/p>\n<p>However other countries have grown production, such as the <strong>USA, Iran, Kuwait, Russia and Kazakhstan<\/strong> to name just five. It could be considered that we have past peak oil production by looking at production trends over the past decade.<\/p>\n<p>With oil at about <strong>US$ 108<\/strong>, UK oil production per day is worth about <strong>967,000 x $108<\/strong> = <strong>$104,436,000<\/strong> = \u00a362,708,900 a day = <strong>\u00a362 million a day.<\/strong><\/p>\n<p>Global oil production is <strong>86,152,000 barrels of oil per day<\/strong>, thus the <strong>UK makes up 1.12%<\/strong> of global production, and yet the UK companies of <strong>BG Group, BP and Shell<\/strong> are global energy giants, that the UK is clearly punching above its UK production rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reading the BP Statistical Review of World Energy: [http:\/\/www.bp.com\/content\/dam\/bp\/pdf\/statistical-review\/statistical_review_of_world_energy_2013.pdf] One can read some incredible facts about UK Oil production. In 2002, the UK produced 2,495,000 barrels of oil per day. Ten years on, in 2012, the UK produced 967,000 barrels of oil per day. A steady decline over 10 years for the UK. The picture [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-499","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=499"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/499\/revisions"}],"predecessor-version":[{"id":500,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/499\/revisions\/500"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}