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Peak oil (Energy Crisis)

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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 ...
para4contra   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
para2contra   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
para1contra   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
para3contra   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
Preferencias actuales
para Peak oil alarmist

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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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
The Oil Drum writers: Where are they now?
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The Last Post
The Oil Drum (TOD) was an internet energy phenomenon that ran for over eight years from April 2005 to September 2013. The site was founded by Prof. Goose (also known as Professor Kyle Saunders of Colorado State University) and Heading Out (also known as Professor Dave Summers formerly of the Missouri University of Science and Technology). The site took off with the advent of Hurricane Rita in September 2005 and resulted in the first 200+ comment event, indicating that there was demand for a site where concerned citizens could gather round a camp fire to discuss events impacting their energy supplies and ultimately, their well being. In eight years, >960,000 comments have been posted. Two other energy linked disasters, the Deepwater Horizon blowout and the Fukushima Daiichi reactor melt downs would see readership soar to >75,000 unique visits per day. These pages have hosted over 7,500 articles covering every aspect of the global energy system. It was not unusual for a post to
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One of the nice aspects of the 7+ years I have been involved with The Oil Drum has been attending conferences and meeting with some of my cyber friends, who by and large figure among the nicest bunch of folks I ever met. In 2007 I attended the ASPO meeting in Houston and it was then that I met Randy Udall for the first time. Well you know what some Americans are like - you meet, you chat a while, discover you get along, down a couple of beers and before you know it you are invited to go visit. And so it was with Randy Udall.... The house that Randy built, sunk low in the Colorado terrain, provides shelter from winter storms and from exposure to summer sun. Photovoltaics, solar hot water (on the roof) and a single wood burner (chimney) provides all the energy needs. Three years later, my wife and I had a trip planned to the States to go visit Dave Rutledge (another cyber mate) at his mountain lodge in New Mexico and I thought it would be cool to visit Randy en route. We exchanged a



 
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