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Peak oil (Energy Crisis)

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photo Peak oil alarmist

Peak oil alarmist

The point in time when the maximum rate of global petroleum extraction is reached.
Peak oil sceptic

Peak oil sceptic

The current round of peak oil predictions is rather "unscientific", there are large reserves and natural resources on the Earth.

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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 ...
for5against   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
for3against   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
for2against   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
for2against   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
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Umíme zpracovat vyhořelé jaderné palivo, hlásí Čína


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 ...


Umíme zpracovat vyhořelé jaderné palivo, hlásí Čína


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 ...


The age of cheap oil is over


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 ...


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> Peak oil (Energy Crisis) > News

Citroën to Deliver the First Air-Powered Automobile
cmonville The world's car manufacturers are working hard to develop engines that aren't reliant on dwindling natural resources to fuel them. So-called hybrid engine cars that combine a conventional petrol or diesel engine with an electric one are available now although the present development of batteries means that the power and range of the electric power units available is limited. A fuel cell that combines hydrogen and oxygen to produce electricity is the hope for the future for many car makers, but the huge PSA Peugeot Citroën group is aiming to go one better with a hybrid car powered by air. The new system, known as Hybrid Air, will use compressed air to power a hydraulic motor that provides the force needed to operate the transmission and, therefore, the front wheels when the car is in gear. The tank for the compressed air will be located underneath the car and will be fed from air regenerated from the braking system. Benefits of this system are that the car can run o
Peak oil notes - March 27
A mid-week update. New York oil futures climbed back to a close Wednesday just above $100 a barrel this week while London oil has held around $107.
Twenty (Important) Concepts I Wasn't Taught in Business School - Part I
Twenty-one years ago I received an MBA with Honors from the University of Chicago. The world became my oyster. Or so it seemed. For many years I achieved status in the metrics popular in our day ~ large paychecks, nice cars, travel to exotic places, girlfriend(s), novelty, and perhaps most importantly, respect for being a 'successful' member of society. But it turns out my financial career, shortlived as it was, occurred at the tail end of an era ~ where financial markers would increasingly decouple from the reality they were created to represent. My skill of being able to create more digits out of some digits, (or at least being able to sell that likelihood), allowed me to succeed in a "turbo" financial system that would moonshot over the next 20 years. For a short time I was in the 1% (and still am relative to 'all humans who have ever lived'). Being in the 1% afforded me an opportunity to dig a little deeper in what was really going on (because I quit, and had time to read and think
World crude production 2013 without shale oil is back to 2005 levels
Unnoticed by the mainstream media, US shale oil covers up a recent decline of crude oil production of 1.5 mb/d in the rest of world (using data up to Oct 2013).



 
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