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| | Oil & Gas Situatuation |
 | | More importantly, the decline rate of conventional oil will be fairly rapid, about a 3% fall each year, and present calculations indicate that it is unlikely that non-conventional sources can come on-stream fast enough to offset conventional’s decline. |
 | | As global conventional oil declines, attention turns to non-conventional oil, and oil substitution by gas, gas-to-liquids and probably coal-to-liquids. |
 | | Conventional gas is a different animal to conventional oil, seeing a different depletion profile, and being strongly affected by envisaged infrastructure in terms of pipelines, and liquefaction and gas-to-liquids plants. |
| www.oildepletion.org /roger/situation/Oil&Gas_situation.htm |
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