OIL CRISIS GRAPHS AND LINKS
"The total amount of regular oil produced in the world up to and including 2002 is 891Gb [52%]. The total amount discovered is 1713Gb, which leaves the world with total reserves of regular oil of 822Gb [48%]." Uppsala Hydrocarbon Study Group
"Peaking is at hand, not years away."--Investment Banker Matthew Simmons
"Once that happens, getting at the remaining oil becomes increasingly difficult and expensive. For an economy still reliant on fossil fuels, the effects would be catastrophic." commondreams.org, April 2, 2004
Oil Depletion Analysis Centre "Educational charity working to raise international public awareness and promote better understanding of the world's oil-depletion problem."
Curve (the study that started it all...)
Oil & Gas Journal (surprisingly objective oil-industry news)
World Oil Reserves Listed by Country (excellent compilation)
Technical Report: Estimates of Oil Reserves (pdf)
American Petroleum Institute links and resources (very good industry source)
Uppsala Hydrocarbon Depletion Study Group
"The total amount of regular oil produced in the world up to and including 2002 is 891Gb. The total amount discovered is 1713Gb, which leaves the world with total reserves of regular oil of 822Gb."
Reserves & Production Facts
GLOBAL OIL SUPPLY: ARE WE RUNNING OUT?
Experts to Analyze Saudi Arabia's Energy Future
President, Simmons and Company International
Vice President, Exploration, Saudi Aramco
Manager, Reservoir Management, Saudi Aramco
February 24. 2004
Peak and Decline of World Oil and Gas Production
How reserves are estimated--and distorted.
The Hubbert model assumes that if oil production is unrestrained in a very large producing region, it will follow a bell-shaped curve with peak production occurring when approximately 1/2 of the ultimately recoverable amount of oil is extracted.
(The article by Campbell & LaHerre that re-started it all...)
"There is only so much crude oil in the world, and the industry has found about 90 percent of it. What matters is when production begins to taper off. Beyond that point, prices will rise."
October 2, 2003 (news item that brought the crisis to the general public)
"LONDON-- Global warming will never bring a "doomsday scenario" a team of scientists says -- because oil and gas are running out much faster than thought."
and the Evolution of Culture
"What will be difficult to obtain is cheap petroleum, because what is left is an enormous amount of low-grade hydrocarbons, which are likely to be much more expensive financially, energetically, politically and especially environmentally."
Paris Peak Oil Conference Reveals Deepening
"May 30, 2003, PARIS – Research presented on May 26th and 27th at the French Institute for Petroleum (IFP) by a wide variety of experts from varying and often competitive perspectives disclosed that, in the year since the first conference of the Association for the Study of Peak Oil (ASPO), supply constraints have worsened and the realities of energy depletion are becoming more apparent."!
"The peak in production of any nonrenewable resource is a very critical point. At that point, demand remains the same, but supply drops off. The first result is rapidly increasing prices." daviesand.com
" ...a mixture of imprecise regulations, geological guesswork and corporate culture that goes into the accounting of such reserves." International Herald Tribune, March 12, 2004
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© 2004 by danmahony.com
(Background: NASA's "Earth at Night")