Chapter Summary:

• Depletion vs discovery: “When will oil run out?” shifts with price, technology, and recovery techniques—not a fixed date.

• Enhanced recovery: Pumpjacks lift from waning wells; water/gas injection re‑pressurizes reservoirs; later fracking unlocks tight formations.

• Cost curves matter: If prices fall, marginal barrels stay underground; if prices rise, new plays become viable—economics drives geology’s usefulness.

• Takeaway: Energy supply is a dynamic tug‑of‑war among physics, price, policy, and innovation.

Additional Notes:

How does a pump jack work? Two short videos explaining the mechanism:

https://www.youtube.com/watch?v=SFJFiyXTOa0

https://www.youtube.com/watch?v=X0Dpd52pfp0

 

India - Country Assistance Information - Aid Coordination - India Consortium 1992 - Volume 1

https://economictimes.indiatimes.com/industry/energy/oil-gas/ongcs-mumbai-high-50-years-on-still-going-strong/articleshow/107825606.cms?from=mdr&utm_source=chatgpt.com

 

Flammable gas instead of tap water!

https://www.youtube.com/watch?v=LAxsTJd7VCA#t=60 Fast forward 45 seconds.

 

India's Guyana Moment?

https://www.youtube.com/watch?v=4ZW7FC9awsQ

 

Promised Land movie (2012): https://www.focusfeatures.com/promised_land