CERA Week notes from Platts

9:41 PM Posted by Baris Sanli
Quick Summary
  • "An energy crisis is coming -- likely to be triggered by oil," Hess said.
  • we have already produced 1 trillion barrels and have approximately 2 trillion barrels remaining
  • The energy density of today's best battery is 200 watt-hours per kilogram versus the energy density of gasoline which is 13,000 watt-hours per kilogram
  • steam to oil ratio at many of the oil sands' in situ projects has dropped to 2-2.5, meaning for every unit of oil produced
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