|Peak oil||<– Date –> <– Thread –>|
|From: dwoodard (dwoodardbecon.org)|
|Date: Tue, 12 Apr 2005 02:35:28 -0700 (PDT)|
It's real. Among other things, the rate of discovery of new oil reserves fell below the rate of production and consumption about 1981. It's now below 40% of consumption most years. It won't take long before production and consumption follow discovery. Analysts have noticed that for some reason the oil companies are not investing much in exploration these days despite high oil prices. It looks as if they don't think it's profitable, which is borne out by the costs of recent exploration and its results. In 1995 Petroconsultants of Geneva published a comprehensive study of world oil reserves. It's still available from their successor company for a mere US$32,000; an excellent and essential investment for any oil company. As for the peasants.... This topic is highly relevant to cohousing. The URLs below may be of interest to you. WORLD FUEL SUPPLIES This is a good succinct introduction to peak oil and gas from a Canadian point of view by Paul Sears (Ottawa?). http://web.ncf.ca/ez469/Temp/Ottawa_City_EA_31mar2005_2.ppt For good review articles on the world oil and gas situation, see "The Peak and Decline of World Oil and Gas Production" by K. Aleklett and C. J. Campbell, at http://www.isv.uu.se/UHDSG/articles/OilpeakMineralsEnergy.doc and "Oil depletion in the United States and the world" by Seppo Korpela, at http://rclsgi.eng.ohio-state.edu/~korpela/opmatalk.pdf There are several good links from Seppo Korpela's website at http://rclsgi.eng.ohio-state.edu/~korpela/oil.html Jacob Lund Fisker's site is especially informative. I have an article which overlaps, but covers some slightly different ground including the role of markets, and U.S. foreign policy, at http://www.greenpartyreview.ca/OGN/1-1/article7.php For a good article on the limits of markets in anticipating resource shortages, see http://www.energycrisis.co.uk/reynolds/MineralEconomy.htm Oil Depletion Analysis Centre http:www.odac-info.org Association for the Study of Peak Oil http://www.peakoil.net http://www.asponews.org Douglas Woodard Green Party of Ontario Energy Issue Advocate St. Catharines, Ontario <dwoodard(at)becon.org> (905) 682-4349
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