Monday, February 13, 2006

NZ's oil rush

here.
I would like to see more oil quotes as per day consumption with the current country and the US as a yardstick. This quote:
Pohokura, which is largely gas, is estimated to contain 42 million barrels of oil.
sounds like an awful lot but the US uses about 18 million barrels a day (i'm unsure of NZ but a back of the envelope calc is on the order of 0.1 million bpd - anyone know?) and so we can say:
Poholura has found 2.3 days worth of oil for the US and maybe 420 days of oil for NZ. That doesn't sound nearly as impressive and we're not finding a Pohokura every year, so what are our options??

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