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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: production totals

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Sir, Martin Wolf, in ‘Cheap oil puts humanity on a slippery slope’ (December 2) states: ‘The emergence of shale oil underlines what was already fairly clear, namely, that the global supply capacity is not only enormous but expanding. Forget peak oil.’ He is mistaken. Even the International Energy Agency acknowledges that conventional oil production peaked in 2005. Add other sources of liquid production, in particular tight oil (often misleadingly called shale oil) production from the US, and there has been a modest increase since then, giving a kind of ‘undulating plateau’ as Shell would have it. What the burst of unconventional production from the US has done is to mask the underlying reality of peak oil. This will become apparent as the tight oil potential itself proves limited in time. [1]

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Amazingly, there are many people who believe in peak oil.…

Michael Lynch offered that comment early in a not surprisingly vague article arguing peak oil this past summer. [Not that vague is a new tactic for him. Five years ago, Chris Nelder offered a concise analysis of Lynch’s work, and not much appears to have changed]: continue reading…

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Recently, in challenging contentions I had raised, “RGR”—an otherwise unnamed commenter (a petroleum engineer, if I understood correctly)—offered this: continue reading…