Fossil Fuels

A report on the American Petroleum Institute conference call and review of the NPC report

by

Since the National Petroleum Council (NPC) is an industry group and has always provided optimistic forecasts in the past, it shouldn’t be a surprise that its report doesn’t go all the way to peak oil indications. But it definitely starts talking about peak oil, recommending many of the actions that one would expect based on peak oil indications.

Peak oil – July 20

by

Peak oil – when? (online survey)
Arab News: Global thirst for crude set to rise

Singapore, Dubai, HK suited to a PO world

Are Democrats the peak-oil party?

What happens to Kenya when oil is $100/brl?
Yergin interviewed about NPC report

CIBC predicts $100 oil by end of next year
AutoWeek discovers peak oil

Exaggerated oil recovery

by

A closer look at the National Petroleum Council (NPC) report: the case of the “missing” graph. Enhanced oil recovery (EOR) been used in the United States for three decades. By its own admission, the NPC’s previous estimates for EOR production didn’t pan out. Are you willing to take the chance that the NPC is right this time?

The National Petroleum Council report

by

in summary, the NPC report is saying that production will increase by around 25% over the next twenty five years, but this increase is entirely reliant on finding large amounts of new oil, mainly in the Middle East. Unfortunately, it is rather unlikely that the existing claims of oil reserves in the Middle East are true, and even less likely that massive amounts more oil can be found there. Even if it could, the Middle East is the least politically stable region of the world, and relying ever more heavily on it for critical inputs to our economy is likely to be fairly painful at regular intervals.