Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate from an oil field over time appears to grow exponentially until the rate peaks and then declines, sometimes rapidly, until the field is depleted. It has been shown to be applicable to the sum of a nation’s domestic production rate, and is similarly applied to the global rate of petroleum production. Peak oil is not about running out of oil, but the peaking and subsequent decline of the production rate of oil.M. King Hubbert created and first used this theory ...
5 We can’t innovate scientifically as fast as the problems are going to accrue. So we are either going to slow to zero growth or to very low growth., spetr
3 Every generation has created children who have a better standard of living than their parents. This is the first generation where that is not proving to be so., spetr
2 Peak oil is not a new idea, but now peak oil has popped up in a rather unlikely place: the bland pages of financial analyst reports, a3
3 What about abiotic oil? I don;t think we will run out of oil since it is illegal for us to drill here (thanks liberals!), robufo2000
The Oil Drum's mission is to facilitate civil, evidence-based discussions about energy and its impact on our future. We near the point where new oil production cannot keep up , positive
The IEA in 2005 was predicting oil supplies could rise as high as 120m barrels a day by 2030 although it was forced to reduce this gradually to 116m and then 105m last year , RobinT
Čína vyvinula technologie, které jí umožní zpracovávat vyhořelé jaderné palivo. Oznámila to státní televize. Čína se tak stává po Francii, Británii a Indii čtvrtou zemí na světě, která umí recyklovat jaderné palivo.
„Je to začátek nové energetické spolupráce mezi Čínou a Ruskem,“ uvedl při spuštění ropovodu na čínsko-ruské hranici jeden zředitelů čínské ...
Čína vyvinula technologie, které jí umožní zpracovávat vyhořelé jaderné palivo. Oznámila to státní televize. Čína se tak stává po Francii, Británii a Indii čtvrtou zemí na světě, která umí recyklovat jaderné palivo.
„Je to začátek nové energetické spolupráce mezi Čínou a Ruskem,“ uvedl při spuštění ropovodu na čínsko-ruské hranici jeden zředitelů čínské ...
Now that the reality of Peak Oil has started to sink in, one commonly hears that "The age of cheap oil is over". But does that mean that the age of expensive oil is upon us? Not necessarily. We now know (or should have learned by now) that once oil rises to over 25% of global GDP, the world's industrial economy stalls out, and as soon as that happens, oil ceases to be particularly valuable, so much so that investment in maintaining oil production is curtailed. The next time industry tries to stage a comeback (if it ever does) it hits the wall much sooner and stalls again. I doubt that it would ...
Let George Clooney explain American foreign policy to you When I first saw the film "Three Kings" years ago, it occurred to me that it was one of the clearest explanations of American foreign policy I had ever seen. I am certain, however, that this was not the intention of the filmmaker. But let's see how the story illuminates our foreign policy.
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Peak oil review - Feb 13 A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontation
-The February oil market report
-Quote of the week
-Briefs
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Drumbeat: February 13, 2012 In the Pipeline: Peak oil unable to avert energy crunch
A report issued in February 2010 by the US Joint Forces Command stated that "by 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day."
It goes on to say that a severe energy crunch is inevitable and "one should not forget that the Great Depression spawned a number of totalitarian regimes that sought economic prosperity for their nations by ruthless conquest." One hopes that this is not the US agenda - or is it?
Oil Rises as Iran Supply Threat Grows, Greece Passes Austerity Measures
Oil recovered from a three-day low in New York as concern grew that a ban on Iranian crude may cut supplies while the Greek parliament’s approval of austerity measures boosted hope for a solution to Europe’s debt crisis.
Futures climbed as much as 1.3 percent as the euro headed toward a two-month high after 199 lawmakers supported the b