Energy Solutions: The End of Peak Oil?

The End of Peak Oil?

greenbuildingadvisor.com 16 Aug '12, 12pm

Energy Solutions: The End of Peak Oil?

I first wrote about “peak oil” in 1998, reporting on an in-depth article in Scientific American by petroleum geologists Colin Campbell, PhD, and Jean Laherrère. Campbell and Laherrère believed that up to that time the world had consumed about 800 billion barrels of oil (BBO), and the known reserves of conventional crude oil totaled about 850 bbl in 1996 and another 200 BBO of conventional oil was yet to be discovered. The result, they argued, was that the world would reach the halfway point — or the peak — in (conventional) world oil production within the first decade of the 21st century. That peak would occur, they argued, when cumulative world oil consumption reached about 925 BBO. (At that time the world was consuming 23.6 BBO per year.) The significance of peak oil is that once that point is reached, so the proponents argue, annual oil production will begin an inexorab...

Full article: http://www.greenbuildingadvisor.com/blogs/dept/energy-sol...

Tweets

@ASHRAEnewyork » 16 Aug '12, 4pm
RT @GBAdvisor: Energy Solutions: The End of Peak Oil? [link]
@tweetsfortune » 16 Aug '12, 4pm
The End of Peak Oil?: Subtitle: With new oil discoveries and more ... [link]
@GBAdvisor » 16 Aug '12, 4pm
Energy Solutions: The End of Peak Oil? [link]
@RichardMawle » 16 Aug '12, 1pm
RT @greeneconpost: The End of Peak Oil? [link]
@BirminghamPoint » 16 Aug '12, 12pm
RT @MartinHolladay: Alex Wilson says new oil finds and fracking will delay the arrival of peak oil for decades - "The End of Peak Oil" - [link]
@MartinHolladay » 16 Aug '12, 12pm
Alex Wilson says new oil finds and fracking will delay the arrival of peak oil for decades - "The End of Peak Oil" - [link]
@greeneconpost » 16 Aug '12, 1pm
The End of Peak Oil? [link]