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:  

Fracking and Health: What we Know from Pennsylvania's Gas Boom

Tensions between economic development, energy policy and environmental and …

Peak Oil Review: A Midweek Update - 24th Aug 2016

 A midweek update. It has been a volatile three days for oil with …

How We Went on an Energy Diet, and What We Lost (and Gained!)

In which I reveal the changes in our household energy usage from 2003 …

Five Billion Years of Energy Supply: the "Stereosphere" and the Upcoming Photovoltaic Revolution

Both the biosphere and the stereosphere use solar light as the energy …

Peak Oil Review - Aug 22 2016

 A weekly roundup of peak oil  news, including: -Oil and the …

Limitless imagination and physical limits

How do we distinguish those ideas that are forever going to remain in the …

Some Reflections on the Twilight of the Oil Age (part III)

The impact of the Tooth Fairy Syndrome is all the more felt in the main …