Building a world of
resilient communities.

MAIN LIST

 

Campbell: Peak Oil in 2008

Colin Campbell and the Uppsala Hydrocarbon Depletion Study Group has now made the 2004 upgrade of the peak oil model. The peak is moved from 2010 to 2008

The latest Oil & Gas Liquid Scenario graph is available here:
peakoil.net/uhdsg/Default.htm

Updating the Depletion Model
Work proceeds in updating the depletion model. It is less than an exact science to try to spot the anomalies in the data and to formulate realistic forecasts. It is an ongoing process, with the current status being reported. The present model departs from earlier ones in recognition that the Middle East no longer has sufficient spare capacity to discharge a swing role. A volatile epoch of recurring price shocks and consequential recessions dampening demand and price is now regarded as more likely, with terminal decline setting in and becoming self-evident by about 2010. The flat-earth detractors will relish pointing out that the estimates change, but others may take it as progress.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


The Ukraine conflict, peak cheap gas and the MH17 tragedy

The number of countries with fossil fuel conflicts and wars is increasing. …

Peak oil notes - July 31

A mid-week update. Crude prices continued to fall this week as markets …

New Russia Sanctions: Washington, Delusional About US Energy Capacity, Lashes Out

The effect of the sanctions will be to speed the Russian decline, forcing up …

Shales vs. solar: An investment perspective

But perhaps the real proof of a new energy paradigm shift lies in the fact …

Peak Oil Review - July 28

A weekly review including Oil and the Global Economy, The Middle East & …

The Changing Face of World Oil Markets

My conclusion is that hundred-dollar oil is here to stay.

IEA Oil Market Forecast: Optimistic Assumptions And An Economy Unable To Grow Out Of Its Problems

The International Energy Authority does does its best to paint a rosy …