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Peak Oil Matters

A fresh perspective on the concept of peak oil and the challenges we face

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Tag: capacity limits

 

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Bear in mind the huge scale of the industry and the production infrastructure required. The vast bulk of production is coming from conventional oilfields, the majority of which are past peak and whose production is in decline. A consideration of the discoveries waiting to be developed and the timescale to put them into production reveals a significant gap, apparent even on close consideration of the work of the IEA, which masks this gap as production that will come from as yet unidentified, undiscovered fields. It is totally unrealistic to anticipate future discoveries on the scale required to fill this gap, given the historical record (especially this century) and the fact that most promising oil provinces have already been well explored and developed.

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[O]ne thing is clear: Oil production is getting much more costly as easy-to-access fields are drilled dry, and new production is reliant on more difficult and costly extraction for the fossil fuel. continue reading…

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This is the third and final look at another great effort by Dr. Samuel Alexander * in his working paper entitled A Critique of Techno-Optimism: Efficiency without Sufficiency is Lost, examining the longstanding belief that no matter what society’s problems in an endless quest for more and better, technology will provide and resolve in due course. continue reading…