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FORECASTING DEPLETION

by Earl Cook, Texas A. & M. University

FORECASTING DEPLETION

CONTENTS

Illustrations of depletion

Strategic importance of depletion forecasting

Major factors in depletion forecasting

Definitions of resources, reserves, depletion, and other terms
Demand forecasts and their relation to depletion forecasts

The relation of technology to depletion

Economic technology

Provident technology

Limits of technology

Historical sketch of nonrenewable-rescurce use

Importance of nonrenewable resources to an industrial society
The concepts of natural subsidy and net work profit
Physical limits of nonrenewable resources

Geologic and geographic factors

Evolving efficiencies of nonrenewable-resource exploitation
The exponential imperative

Methods of calculating ultimate availability of nonrenewable

resources

The problem

The economic method

The geologic-analogy method

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The exploitation-history method

Analysis of these methods

Recent history of U.S. production, consumption and importation of

nonrenewable resources

Depletion forecasts for the problem resources

Natural gas

Petroleum -

The alloy metals --

Antimony, chromium, cobalt

Manganese

Fluorspar

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TABLE OF ILLUSTRATIONS

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Production of the Comstock Lode, Nevada, showing three
stages of depletion of a mine

Depletion history of Lake Superior district (U.S.) iron
ore, showing overlapping stages of depletion of a mining
region

Depletion history of crude oil in the United States in-
cluding Alaska and establishment of a new depletion curve
for synthetic crude

Man's use of energy through the millennia, emphasizing
distinction between renewable and nonrenewable sources

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Energy input shares, U.S. economy, 1850-1970

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Relation of energy consumption to GNP for selected
countries (1969) -

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Net work profit from the natural subsidy in coal depends
upon end use and system efficiencies

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A. Sketch through earth's crust, showing discontinuous
and relatively shallow prisms of sedimentary rock

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B. Upward-branching vein pattern typical of many metallic ore deposits

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Approximate flow of energy through the United States
economy, 1971

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Cost of oil and gas wells drilled in Texas, by total
depth

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Proved and potential natural gas reserves in Texas by
depth range, and average cost of wells drilled to these
ranges

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