Building a world of
resilient communities.

MAIN LIST

 

Review on "Oil-based Technology and Economy - Prospects for the Future"

The aim of the review is to give politicians and the general public an opportunity to gain insight into the basics of oil geology and oil economy, the different methods applied to assess regional and global conventional oil reserves and potential future production capacity, and - on this background - the prospects for a world economy increasingly dependent on oil-based technologies.

A preliminary edition of the review was presented at the conference "Oil-Based Technology and Economy - Prospects for the Future", held in Copenhagen on December 10th 2003. In the present edition, the Summary has been extended and additions have been made to some other sections. Some additions refer to the presentations at the conference, others to articles published shortly before or after the conference.

The review can be downloaded below.

Continued economic growth based on the presently predominant technologies implies continued growth in global oil demand.

In a world economy still becoming increasingly dependent on oil, an impending peak and subsequent decline in oil production implies potential severe economic consequences for the affluent as well as the developing countries. All parliaments, governments and international political institutions must therefore, consider the opportunities for and the costs of balancing demand and production in the next decades. At the conference, data and analyses essential for the realistic assessment of these opportunities and costs was presented and discussed.

Review on "Oil-based Technology and Economy - Prospects for the Future"

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

The Debacle at Doha

Sunday, April 17th was the designated moment. The world’s leading oil …

Is Peak Oil Dead and What Does it Mean for Climate Change?   

This session seeks to bring together fossil fuel experts and climate experts …

Peak Oil Review: A Midweek Update - Apr 28

 A midweek update. Oil prices continued to climb this week, capped …

San Francisco Becomes First Major City to Require Solar Panels on New Buildings

San Francisco is one step closer to its goal of transitioning to 100 percent …

The Outlook for Electric Vehicles  

Electric vehicles are all the rage right now, and hopes are high that we …

We Could Be Witnessing the Death of the Fossil Fuel Industry—Will It Take the Rest of the Economy Down With It?

It’s not looking good for the global fossil fuel industry. Although …

Gov. Cuomo Rejects the Constitution Pipeline, Huge Win for the Anti-Fracking Movement

In a win for climate activists and the anti-fracking movement, and a blow to …