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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: unconventional resources

 

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We have a problem with oil production now—not just here in the United States—and it is not going to get better. The cancellation of exploration and production projects does not occur in a parallel universe! If production is being curtailed, that we have enough today to meet demand is not the beginning and end of supply concerns

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Peak oil’s message is rather simple once all of the fluff and distractions are set aside. It’s about a recognition that we are dealing with a finite resource used extensively for decades upon decades by ever-increasing numbers for ever-increasing needs.

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It’s just not that difficult to understand. But if your interests depend on a narrative contradicted by facts and reality, then telling only part of the story to unsuspecting others is the way to go….

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I began last week’s post with a variation of these questions:

How do optimistic projections from ExxonMobil’s “The Outlook for Energy: A View to 2040report—which I highlighted in that post—square themselves in the face of the oil production challenges suggested by the news excerpts which were also included in that piece? How long do those opposed to climate change and peak oil implications dance away from the unpleasant truths?

What is the benefit beyond avoiding painful discussions today? At what point do those contrarian viewpoints give way to a recognition that there is more than enough evidence already in play to make those challenges both very real and quite formidable now?

How does postponing not just acknowledgment but any and all efforts to come to mutual understandings and a commitment to work cooperatively in addressing these matters make it any easier or better for anyone?

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[P]eak oil naysayers hardly have reason to gloat. The supply of oil may be rising, but the nature of the fuel mix is changing quickly, adding greater uncertainty to the long-term outlook for the world’s largest energy source.
Pockets of cheap, easy-to-produce oil — called conventional crude — are gradually drying up after more than a century of exploration. Exxon Mobil, the world’s largest publicly traded oil and gas company, said it expects output from developed conventional oil fields to decline through 2040. Conventional crude output actually peaked in 2006, at 70 million barrels a day, and has since plateaued, the International Energy Agency said in its 2010 World Energy Outlook report. [1]

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‘[P]eak oil’ is a global issue resulting from dependency on finite oil resources and associated vulnerability to changes in supply. The global economy must engage in changes and these changes must start with our misperceptions of prosperity as synonymous with capital. If we can transition to a paradigm in which equitable distribution of resources, social justice, the environment and pacifism are valued; energy alternatives and global agreements to mitigate the effects of peak oil may actually work. Fundamentally important is a shared global commitment to these aims (links/citations in original quote). [1]

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This is a final look at one of this year’s better features on the subject of peak oil: an article by John Kaufmann entitled: The Energy Independence Illusion. It’s an excellent read [adapted from a presentation to the World Affairs Council of Oregon this past March] for anyone interested in this topic. [Any quotes here are from that article unless noted otherwise.]
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This is a follow-up to one of this year’s better features on the subject of peak oil: an article by John Kaufmann entitled: The Energy Independence Illusion. It’s an excellent read [adapted from a presentation to the World Affairs Council of Oregon this past march] for anyone interested in this topic. [Any quotes here are from that article unless noted otherwise.]
continue reading…

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TRUTH BE TOLD

 

Crude oil production is heavily concentrated in a small number of countries and a small number of giant  continue reading…

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An observation worth noting … and pondering, from Mark Lewis (links in original): continue reading…