Building a world of
resilient communities.

MAIN LIST

 

Total boss on why oil production will never top 100 mb/d

[Excerpt]: Christophe de Margerie has a reputation for forthright views and blunt speaking, but this week the chief executive of Total excelled himself by dismissing the IEA’s oil production forecasts as unrealistic, while coining an aphorism worthy of Donald Rumsfeld.

In his keynote speech to the Oil and Money conference on Wednesday, de Margerie suggested that the International Energy Agency’s ‘alternative scenario’, in which oil production grows to 103 million barrels per day in 2030, was in fact an “optimistic” scenario - meaning output was unlikely to reach that level. By implication the IEA’s ‘reference’ or business-as-usual scenario, in which output is forecast to soar to 116 mb/d in 2030, is even more far-fetched...

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.


Tar sands, trade rules and the gutting of human rights for corporate profit

A new report released today from IATP takes an in-depth look at how tar …

Energy Crunch: [redacted]

The government’s case for shale looked increasingly shaky last week as …

Could BC Become a 100% Renewable Energy Region?: Trucking, Ships and Planes

How can we switch BC’s freight transportation from diesel and gasoline …

Peak oil notes - Aug 21

 A mid-week update. After falling for two days, oil prices …

A New Frontier for Fracking: Drilling Near the Arctic Circle

Hydraulic fracturing is about to move into the Canadian Arctic, with …

The Shale Sugar Lick

A well known American comedian, Ron White, quips about the amount of sugar …

Peak Oil Review - Aug 18

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