When Oil Peaked
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When Oil Peaked
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Author : Kenneth S. Deffeyes
language : en
Publisher: Hill and Wang
Release Date : 2010-09-28
When Oil Peaked written by Kenneth S. Deffeyes and has been published by Hill and Wang this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-28 with Science categories.
In two earlier books, Hubbert's Peak (2001) and Beyond Oil (2005), the geologist Kenneth S. Deffeyes laid out his rationale for concluding that world oil production would continue to follow a bell-shaped curve, with the smoothed-out peak somewhere in the middle of the first decade of this millennium—in keeping with the projections of his former colleague, the pioneering petroleum geologist M. King Hubbert. Deffeyes sees no reason to deviate from that prediction, despite the ensuing global recession and the extreme volatility in oil prices associated with it. In his view, the continued depletion of existing oil fields, compounded by shortsighted cutbacks in many exploration-and-development projects, virtually assures that the mid-decade peak in global oil production will never be surpassed. In When Oil Peaked, he revisits his original forecasts, examines the arguments that were made both for and against them, adds some new supporting material to his overall case, and applies the same mode of analysis to a number of other finite gifts from the Earth: mineral resources that may be also in shorter supply than "flat-Earth" prognosticators would have us believe.
Trends In Oil Supply And Demand The Potential For Peaking Of Conventional Oil Production And Possible Mitigation Options
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2006-03-17
Trends In Oil Supply And Demand The Potential For Peaking Of Conventional Oil Production And Possible Mitigation Options written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-17 with Science categories.
Recent events and analyses have suggested that global production of oil might peak sometime within the next few years to the next one or two decades. Other analyses, however, conclude that oil supply can meet global demand for some decades to come and that oil production peaking is much further off. To explore this issue, the NRC held a workshop, funded by the Department of Energy, bringing together analysts representing these different views. The workshop was divided into four main sessions: setting the stage; future global oil supply and demand balance; mitigation options and time to implementation; and potential follow-up activities. This report provides a summary of the workshop including the key points, issues and questions raised by the participants, and it identifies possible topics for follow-up studies. No consensus views, conclusions, or recommendations are presented.
Understanding The Peak Oil Theory
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Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality
language : en
Publisher:
Release Date : 2005
Understanding The Peak Oil Theory written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Technology & Engineering categories.
Crude Oil
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Author : U.S. Government Accountability Office
language : en
Publisher: Cosimo, Inc.
Release Date : 2007-10-01
Crude Oil written by U.S. Government Accountability Office and has been published by Cosimo, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-01 with Political Science categories.
Planet Earth's oil is going to run out, and soon. There is no serious debate on the matter, and this sober report, by the U.S. Government Accountability Office, baldly lays out how critical the problem is. Oil production has, without question, already peaked and in decline in the U.S. and all over areas of the globe outside the Middle East... and just how much oil is left in that powder keg region is unknown. How will an increasingly industrialized-and hence energy-hungry-world meet its energy needs over the coming decades? The comprehensive 2007 report examines key Peak Oil studies to determine how long we might have before the oil supply goes into serious decline, and then explores key technologies to enhance that supply, including ultra-deep water drilling and oil shale, as well as key technologies that could displace oil consumption in the transportation sector, from ethanol and biodiesel to hydrogen cells. This is vital reading for anyone who wants to remain informed on one of the most pressing political and technological issues of our time. The GOVERNMENT ACCOUNTABILITY OFFICE was established in 1921 as the audit, evaluation, and investigative arm of the United States Congress.
Peak Oil And The Second Great Depression 2010 2030
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Author : Kenneth D. Worth
language : en
Publisher:
Release Date : 2010-06
Peak Oil And The Second Great Depression 2010 2030 written by Kenneth D. Worth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Business & Economics categories.
Peak Oil is the point of maximum global oil production. In Peak Oil and the Second Great Depression (2010-2030), the author argues that the likely peak in global oil production occurred in the period 2005-2008, due to the peaking of Saudi Arabian oil production during that time. The evidence of a peak in Saudi crude oil production in 2008 is presented and discussed in some detail. The most significant piece of evidence of a Saudi peak in production in 2008 was the inability of Saudi oil ministers to increase production in the period 2005 to 2008 despite record crude oil prices and the drilling of thousands of new wells in Saudi Arabia's seven major oil fields. Because it could not increase production in the face of rising global demand, Saudi Arabia was unable to prevent a spike in the price of oil to around $150 a barrel. A dramatic economic contraction in the developed economies ensued. In the years ahead, it is argued, continued economic growth in the developing world including China will put upward pressure on the price of oil, which will create severe economic difficulties for the indebted developed economies such as the US which rely on imported energy. The book examines the likely policy responses of American statesmen and central bankers to the economic difficulties created by very high prices for petroleum. Oil at very high and indeed painful prices in the face of already historic levels of personal and governmental indebtedness, it is argued, will create large scale unemployment on levels not seen since the (First) Great Depression as expenditures for foreign oil dramatically reduce spending available for the domestic economy. The author argues that the policy response to the economic difficulties will be to create a general rise in the price level to reduce the burden of the existing debt on households, businesses and governmental entities. As prices, and especially wages, rise, domestic spending will recover and unemployment will be reduced, although this process could take several decades. Very significant inflation will likely be necessary to prevent an even more severe drop in employment and output in the economy than that we are already experiencing given the magnitude of the shock to the economy created by continued declines in global oil production. The inflation thus created, as well as the other dramatic changes in the economy as a result of Peak Oil, will alter the approach that would optimally be taken by investors and those wishing to preserve savings. The issues of asset allocation and sector weighting are explored together with alternative investments in commodities and real estate. The focus is primarily on domestic equities, but a rather unusual sector weighting strategy is proposed as most likely to produce positive results during two decades that will otherwise be most disappointing for the investing public. Peak Oil will also create opportunities for speculation which are explored in the final chapters of the book.
Britain S Coming Energy Crisis
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Author : Tim Watkins
language : en
Publisher: Waye Forward (Publishing)
Release Date : 2015-06-11
Britain S Coming Energy Crisis written by Tim Watkins and has been published by Waye Forward (Publishing) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-11 with categories.
We dare not talk about this... Politicians dare not discuss it for fear of causing mass panic... North Sea oil and gas production peaked in 1999. The oil bonanza is over - the oil income spent. Britain is once again an energy importer. Worse still, we are increasingly dependent upon imports from the world's trouble spots and hostile regimes - Libya, Nigeria, several Gulf States and Russia. Even worse, successive governments have failed to invest in new electricity generation; let alone a switch from petroleum-powered vehicles. What they have done is closed most of the coal-fired power stations and destroyed the UK coal industry. Just at the point where we - and our EU partners - need to import growing quantities of oil, we face growing competition from fast developing countries such as China and India. Add to these problems the fact that the oil exporting countries are using a growing proportion of their dwindling oil and gas production to grow their own economies, and you have the end of cheap, fossil fuel-based energy. Nobody can predict with any certainty what the world beyond cheap oil will be like. One of the problems with many of the peak-oilers is that they tend to talk about the consequences in apocalyptic terms, as if the entire world will come crashing down around our ears within months of oil production peaking. This is, perhaps, understandable when we consider that the early peak-oilers were oil industry insiders concerned that the world was sleep-walking to a potential catastrophe. One response to this - one I personally hold to - is that if you want to see what a world without cheap oil looks like, go and look out of your window (or look at a newspaper): * A million families using food banks is what a world without cheap oil looks like * The replacement of high-paid/high-skilled employment with low-paid/low-skilled jobs is what a world without cheap oil looks like * The inability of the developed economies to stimulate economic growth is what a world without cheap oil looks like * Governments' (including those pursuing austerity policies) failure to avoid running up massive government debts is what a world without cheap oil looks like * The dramatic slowdown in the Chinese economy (which was meant to be the engine for global growth) is what a world without cheap oil looks like * The multi-trillion pound misallocation of funds to inflate asset bubbles and property speculation (because the real economy has gone into reverse) is what a world without cheap oil looks like. This is, of course, just the beginning. As supplies of cheap fossil fuels dwindle even as humanity's insatiable demand increases exponentially, our life-support systems will begin to fall apart, causing the biggest disaster to hit the UK since the Black Death!
The End Of Oil
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Author : Paul Roberts
language : en
Publisher: Houghton Mifflin Harcourt
Release Date : 2005-04-05
The End Of Oil written by Paul Roberts and has been published by Houghton Mifflin Harcourt this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-04-05 with Business & Economics categories.
“A stunning piece of work—perhaps the best single book ever produced about our energy economy and its environmental implications” (Bill McHibbon, The New York Review of Books). Petroleum is so deeply entrenched in our economy, politics, and daily lives that even modest efforts to phase it out are fought tooth and nail. Companies and governments depend on oil revenues. Developing nations see oil as their only means to industrial success. And the Western middle class refuses to modify its energy-dependent lifestyle. But even by conservative estimates, we will have burned through most of the world’s accessible oil within mere decades. What will we use in its place to maintain a global economy and political system that are entirely reliant on cheap, readily available energy? In The End of Oil, journalist Paul Roberts talks to both oil optimists and pessimists around the world. He delves deep into the economics and politics, considers the promises and pitfalls of oil alternatives, and shows that—even though the world energy system has begun its epochal transition—we need to take a more proactive stance to avoid catastrophic disruption and dislocation.
Peaking Of World Oil Production
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Author : Robert Louis Hirsch
language : en
Publisher: Nova Science Publishers
Release Date : 2007
Peaking Of World Oil Production written by Robert Louis Hirsch and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. Dealing with world oil production peaking will be extremely complex, involve literally trillions of dollars and require many years of intense effort. To explore these complexities, three alternative mitigation scenarios are analysed: scenario I assumes that action is not initiated until peaking occurs; scenario II assumes that action is initiated 10 years before peaking; scenario III assumes action is initiated 20 years before peaking. For this analysis estimates of the possible contributions of each mitigation option were developed, based on an assumed crash program rate of implementation.
Introduction To Peak Oil
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Author : R.W. Bentley
language : en
Publisher: Springer
Release Date : 2016-03-22
Introduction To Peak Oil written by R.W. Bentley and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-22 with Technology & Engineering categories.
This book examines the physical and economic characteristics of the global oil resource to explain why peak oil has been so poorly understood. The author draws on information held in oil industry datasets that are not widely available outside of the specialist literature, and describes a number of methods that have been successfully used to predict oil peaks. In contrast to the widely-held view that ‘all oil forecasts are wrong’, these methods correctly predicted the current peak in global conventional oil production. Current oil forecasts are then compared to evaluate the expected dates for regional and global oil peaks for conventional oil, all-oils, and all-liquids. The dates of global peaks in the production of all-oil and all-liquids appear to be reasonably soon, while the oil price that is needed to support these global production levels continues to rise. The world faces serious constraints in its oil supply, which accounts for about one-third of total world energy use, and over 90% of the fuel used for transportation. Readers of this book will gain a thorough understanding of the critical, but poorly understood, phenomenon of peak oil that has already had significant impacts on society in terms of high oil prices, and which will place increasing constraints on mankind’s supply of energy and economic well-being in the coming years.
Peak Oil Debate
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Author : Laurel Graefe
language : en
Publisher: DIANE Publishing
Release Date : 2011-04
Peak Oil Debate written by Laurel Graefe and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04 with Technology & Engineering categories.
For the past half-century, a debate has raged over when ¿peak oil¿ will occur ¿ the point at which output can no longer increase and production begins to level off or gradually decline. Determining how long the oil supply will last has become even more pressing because the world¿s energy supply still relies heavily on oil, and global energy demand is expected to rise steeply over the next twenty years. This article seeks to bring the peak oil debate into focus. The author provides definitions of frequently used terms, delineating types of reserves and conventional versus non-conventional resources. She also discusses how technological innovations, gov¿t. policies, and prices influence oil production. Illus. A print on demand report.