Building a world of
resilient communities.

MAIN LIST

 

Peak oil - Oct 28

Click on the headline (link) for the full text.

Many more articles are available through the Energy Bulletin homepage


Peaking of World Oil Production: An Overview
(PDF)
Robert L. Hirsch, Atlantic Council Workshop on Transatlantic Energy Issues

Outline

  • On the road to peaking

  • Timing
  • Why is it so complicated & contentious?
  • One “simple”approach to forecasting
  • Mitigation & risk

In Conclusion

  • Oil production is very complex/ intuition fails.•Oil peaking will happen; the timing is uncertain.
  • It’s liquid fuels, not energy.
  • “Simple”theory fits the data; Implications are unpleasant.
  • The risksare very large.
  • Mitigation technologies are available
  • Implementation & timing are critical.

(23 Oct 2006)
Several of the mitigation options suggested by Hirsch (such as heavy oil/oil sands) are very poor from the point of view of global warming. -BA


World oil production may have peaked-executive

Scott Malone, Reuters
BOSTON - World production of crude oil may have already peaked, setting the stage for declining output that could lag demand, a top advocate of the "peak oil" theory said on Thursday.

Matthew Simmons, chairman of Simmons & Co. International, a Houston-based investment banking firm specializing in the energy sector, said U.S. government data showed that the world oil supply has declined through the first half of this year.

Energy Information Administration data showed world supply of crude oil has declined to 83.98 million barrels per day in the second quarter after hitting 84.35 million bpd in the fourth quarter of 2005.

"If you basically have another six to ten months of that decline lasting, then I think for certain we would look back and say, 'Guess what? We actually reached a sustainable peak in crude oil production in December 2005,'" Simmons said at a meeting of the United States of the the Association for the Study of Peak Oil and Gas.
(26 Oct 2006)
Mainstream news covers the ASPO conference!

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:  

Naomi Klein & the Let­down of the Leap Manifesto: Poli­tics Doesn't Trump Physics, Nor the Economics of Collapse (part 2/3)

Politics can be egalitarian when going up Hubbert's Curve, but it's a whole …

Carbon Tracker Analysis: ‘Renewables are Already Outcompeting Fossil Fuels’

Clean technologies are already cheaper, on average, than the incumbent …

Timeline: The Past, Present and Future of Germany’s Energiewende

The Energiewende (energy transition) is an internationally recognised …

The Sower's Way: the Path for the Future

Our paper on "The Sower's Way" has been published in the IOP …

Just 16,000 Catenary Trucks Would Use All of California’s Electricity with only 2400 to 8300 Miles of Overhead Wires

It makes sense to electrify trucks since fuel from oil, coal, and natural …

The Energy-Water Nexus  

Energy and water are inextricably linked: It takes energy to supply water, …

Peak Oil Review - Sept 19 2016

 A weekly roundup of peak oil news, including: -Quote of the week …