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SEARCH More than 5,600 stories! A great gift for crisis deniers! Humoring the Horror of the Converging Emergencies 94 color pages $24.99 now $15! Or read FREE online! Twitter Ping this story in social media: del.icio.us Digg Newsvine NowPublic Reddit Facebook StumbleUpon

Posted Thu Aug 27 2009: from SeekingAlpha, via DesdemonaDespair: Mexico's Super-giant Cantarell Oilfield Production Falling Off a Cliff http://apocadocs.com/s.pl?1251390861 The eighth largest oil field in the world will be dead by the end of next year. Shall I repeat that, or did you get it the first time?... The result is that Cantarell was pumped out effectively and hard, especially after the technique to re-pressurize the field was adopted. This allowed for a spike high of daily production to be captured for several years, late in its life when a field would otherwise go into gentle decline. The result? Quicker monetization of the oil for the benefit of the Mexican state. But then the price: a catastrophic, fast crash. [Read more stories about: peak oil, technical cleverness] New!: No reader quips yet -- be the first! Got a PaniQuip? Your Quip (limit 140 characters, no links, just wit): First name: The text shown in the Web image to the right: We reserve the right to reuse, remove, or refuse any entry.

'Doc Jim says: You mean wells have bottoms? NEXT> More stories: Cancer in wildlife, normally rare, can signal toxic dangers Solar Panels Drop in Price (Mexico's Super-giant Cantarell Oilfield Production Falling Off a Cliff) Agricultural methods of early civilizations may have altered global climate, study suggests CO2 in the atmosphere may be 20 to 25 percent higher than previously estimated Want to explore more? Try the PaniCloud!

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