postcarbon.org - 7/7/2009
—
peak oil day On July 11, 2008, the price of a barrel of oil hit a record $147.27 in daily trading. That same month, world crude oil production achieved a record 74.8 million barrels per day. For years prior to this, a growing legion of analysts had been arguing that world oil production would ...
lifeaftertheoilcrash.net - 7/1/2009
—
lifeaftertheoilcrash.net —
Peak Oil is also called "Hubbert's Peak," named
for the Shell geologist Dr. Marion King Hubbert. In...
1956, Hubbert accurately predicted that US domestic oil production would peak in 1970. Source#1 Source #2 He also predicted global production would ...
(more)
Peak Oil
blogs.creativeloafing.com - 7/2/2009
—
blogs.creativeloafing.com —
peak oil Are we at the peak of
oil production? For the next century, my generation’s greatest...
challenge will be dealing with our energy sources. Energy is what drives everything in our society. The food we eat, the gas we put in our cars, as well as ...
(more)
Are we at the peak of oil production? | Daily Loaf
grinzo.com - 7/1/2009
—
grinzo.com —
Laurel Graefe, a senior economic researcher working for
the Federal Reserve Bank of Atlanta has written an...
excellent overview of peak oil, "The Peak Oil Debate" [16page, 1.6MB PDF]. I consider this a must-read piece, as much for armchair oil experts ...
(more)
The Fed and peak oil
Comments
Blog Reactions
Richard Heinberg: Peak Oil Day
Peak Oil News —
... have evaporated. This means that if a new record production level is to be achieved, further declines in production from existing fields have to be overcome, meaning that all of those canceled production projects, and many more in addition, will have to be quickly brought on-stream. It may not be physically possible to turn the tide at this point, given the fact that the new plays are technically demanding and therefore expensive to develop, and have limited productive potential. Post Carbon Institute
DrumBeat: July 7, 2009
The Oil Drum —
Richard Heinberg: Peak Oil Day - July 11
Maybe it’s a stretch to say that the production peak occurred at one identifiable moment, but attributing it to the day oil prices reached their high-water mark may be a useful way of fixing the event in our minds. So I suggest that we remember July 11, 2008 as Peak Oil Day.
We are now approaching the first-year anniversary of Peak Oil Day. Where are we now? The global economy is in tatters, yet oil prices have recovered somewhat (they’re now about half what they were in July 2008). World energy consumption is down, ...
Peak Oil Day - July 11
The Oil Drum —
This is a guest post by Richard Heinberg of the Post Carbon Institute. The original post can be found here. A petition to make July 11 Peak Oil Day can be found here. Please sign it.
On July 11, 2008, the price of a barrel of oil hit a record $147.27 in daily trading. That same month, world crude oil production achieved a record 74.8 million barrels per day.
For years prior to this, a growing legion of analysts had been arguing that world oil production would max out around the year 2010 and begin to decline for reasons having to do with geology (we have found and ...
Dancing at the Edge of the Precipice - After Peak Oil
The Oil Drum —
This is a guest post by Alexis Ziegler. Alexis is a communitarian, builder, orchardist and environmental activist living in central Virginia. He is the author of a recently published book, "Culture Change: Civil Liberty, Peak Oil, and the End of Empire". More information can be found at conev.org.
In the couple of years since Culture Change was first published, much has changed. Culture Change predicted that in 2007 we were "at or near" global peak oil production, and that we would face a "large economic contraction" as a result.1 In July 2008 oil production hit an all-time ...
Related: peak oil day, "peak oil"
Peak Oil Investing —
Peak Oil News
Think back to July of 2008, oil was over $140/barrel and a lot of talk on “Peak Oil” (the point in time when the maximum rate of global petroleum extraction is reached) was floating around. By late December a hard hitting recession (depression?) and a strengthening dollar drove ...
Is It Time to Buy Oil? —
Peak Oil News
Those bullish on oil point to the inevitability of "peak oil," arguing that the time will come when we hit the peak of global oil production. From that point on, we'll be able to pump less and less oil out of the ground. In economic terms, we'll face decreasing supply.
Meanwhile, bulls argue ...
Book Review - A Presidential Energy Policy —
Peak Oil News
Peak Oil has been a topic of interest since the infamous M. King Hubbert predicted when both the U.S and the world would see peak oil. Yet, there are still millions of people in denial, says Michael C. Ruppert and these people need to “get angry” so they can move to the step of ...
The Fed and peak oil —
Peak Energy
Lou Grinzo has a post on a paper from the Federal Reserve Bank of Atlanta on " The Peak Oil Debate " (pdf) - The Fed and peak oil . I like the paper's point "Perhaps the peak oil literature would better serve society by being more solution-oriented, focusing on discovering the best way to ...
The Problem with Biokinetic Sequestration —
Peak Oil News
Writing in the current (6 July 2009) edition of Peak Oil Review, James W. Bunger, PhD asserts, "Peak OIl May Solve the Climate Change Problem without Regulation." While Dr. Bunger's model sounds encouraging, assuming a world with less and less fossil energy at its disposal will be a peaceful one ...
Iran Suffering from Own Version of Peak Oil —
Peak Oil News
By Byron King Iran is suffering from its own version of Peak Oil. Iranian net exports of oil are falling. Iran's oil infrastructure is aging. According to the U.S. National Academy of Sciences, the trend is that Iran will be exporting ZERO oil by 2014, which is a mere five years from now. That ...
Oil on the boil, again —
Peak Oil News
...We know that hydrocarbons are finite and that oil can only be burnt once. But the oil supply curve is more elastic than peak oil theorists maintain.
The world as a whole does not peak and decline like individual fields: we face a long undulating plateau in supply as technology and oil price ...
Encircling the peak of world oil production - an evaluation —
The Oil Drum
In a recent post Nate brought to our attention the work of Richard Duncan and Walter Youngquist published in 1999 in a paper called Encircling the Peak of World Oil Production . In 2007 I performed a simple analysis of the reliability of their forecasts for 26 countries (out of 42 ...
Gov. Palin and certain fallacies about energy independence —
Peak Oil News
Perhaps the biggest problem stemming from fossil oil dependence comes when fossil oil production begins to decline. It's been observed in oil fields all over the world that production reaches a peak point where the field cannot increase its production of oil, and once past that peak oil ...
Follow EarthBlips on Twitter
