Archive for the category “Peak Oil”

Gail Tverberg: How Peak Oil was misunderstood

Instead of the scenario envisioned by many Peak Oilers, it’s likely that we will in the very near future hit a limit similar to the collapse scenarios that many early civilizations encountered when they hit resource limits. We don’t think about our situation as being similar, but we too are reaching decreasing resources per capita.

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The end of the fossil fuel era and Hyderabad’s energy future

The revised version of a talk given by Soujanya Mantravadi at the Future of Energy for Hyderabad workshop held at La Makaan, Hyderabad on 24. 07. 2016, organized by Ecologise Hyderabad. It explores the implications of the end of the fossil fuel era and ways in which residents of Hyderabad can start preparing for it.

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Why the worlds fossil fuel output will peak by 2025

Dennis Coyne writes: I expect World Fossil fuel output to peak in 2025. If the World economy continues to grow, a gap between Energy produced (including non-fossil fuels) and the demand for Energy will grow. If the gap is not filled by growth in non-fossil fuel energy demand will reduce due to reduced economic growth.

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How sustainable and viable are solar photovoltaic systems? A debate

Post the Paris climate agreement, the world looks to solar energy more than ever to reduce carbon emissions and counter climate change, with multi-billion dollar solar programmes announced by just about every major country. But just how environmentally viable, and efficient is the celebrated solar photovoltaic technology?
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Like an epic novel: How the global energy transition unfolded this April

Jeremy Leggett writes: A Saudi Prince talks of his nation’s “dangerous addiction” to oil. A Bloomberg guru talks of renewables “crushing” fossil fuels. Arguably the most successful entrepreneur ever turns the unveiling of an electric car into the most successful product launch in history. Plus much more that would have been unimaginable a year ago.
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World Oil Yearly Production Charts

Ron Patterson, Peak Oil Barrel

The EIA publishes World C+C Annual Production as part of its International Energy Statistics. The data goes back to 1980 and includes OPEC countries as well as Non-OPEC. I have plotted annual production for the 37 largest producers plus one titled “Other” which is the sum of all the other small producers not plotted. I have also included annual charts for World, OPEC, Non-OPEC plus a couple of others.

Most of the charts are non-zero based because I chose to empathize production change over total production. Non-OPEC charts are shown first. If a country had no production in 1980 then the data starts the first year of production. All chart data is thousand barrels per day.

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Where did all the oil go? The peak is back

Nafeez Ahmed writes: An extensive new analysis says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new study, this official figure is almost double the real size of world reserves.

 exxon

Nafeez Ahmed, Middle East Eye

An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half.

According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves.

However, according to the new study by Professor Michael Jefferson of the ESCP Europe Business School, a former chief economist at oil major Royal Dutch/Shell Group, this official figure which has helped justify massive investments in new exploration and development, is almost double the real size of world reserves. Read more…

Economic growth: How it works; how it fails; why wealth disparity occurs

Gail Tverberg writes: Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t work in an economy that is reaching limits.

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Bookshelf: When trucks stop running, so does civilization

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Richard Heinberg: 100% renewable energy is possible, here’s how

Since the renewable energy revolution will require trading fossil fuels for alternative ones (mostly wind, solar, hydro, geothermal and biomass), there will be some hefty challenges along the way. Therefore, it makes sense to start with the low-hanging fruit and with a plan in place, then revise our plan frequently as we gain practical experience. 

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