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!  

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.


Revisiting the Shale Oil Hype: Technology versus Geology

Irrespective of price, geology is trumping technology in the Bakken and …

Peak Oil Review - Mar 30

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

Why This Tea Party Leader Is Seeing Green on Solar Energy

As a founder of the Tea Party movement, Debbie Dooley may be an unlikely …

2014 biggest year ever for solar, but oil price threat looms

Will only time tell whether it will be enough to keep solar panels cheap …

Rethink the Grid: Personal Power Stations

Rethinking the grid is quickly emerging as one of the hottest topics.

Goldilocks Is Dead

For oil, the Goldilocks zone has ceased to exist. This will have staggering …

US enters undulating crude oil production plateau in 2015

Feel-good-outlooks make the TV audience happy, but sleepy.