Peak Oil: Update

[travelinman67]

http://belfercenter.ksg.harvard.edu/fil ... lution.pdf

Hubbert Curve is flat-earth science...

...thanks to new exploration, fracking, and geopolitical changes.



Sorry, Hippie!

[houndawg]

Peak Fresh Water is what you should be worrying about.

[Chizzang]

http://belfercenter.ksg.harvard.edu/fil ... lution.pdf

Hubbert Curve is flat-earth science...

...thanks to new exploration, fracking, and geopolitical changes.



Sorry, Hippie!

No worries Good Sir
I appreciate the jab

I got no issues with America being one of the world leaders in Oil & Gas extraction and Production
as long as we take care of Mother in the process I'm A-Okay with it

Page 65 & 66 is a nice wrap-up

[kalm]

http://belfercenter.ksg.harvard.edu/fil ... lution.pdf

Hubbert Curve is flat-earth science...

...thanks to new exploration, fracking, and geopolitical changes.



Sorry, Hippie!

86 pages? Cliff notes please.

[Chizzang]

86 pages? Cliff notes please.

1) There's no Oil shortage
2) In fact just the opposite - there's a glut
3) which is actually more disconcerting than a properly managed shortage
4) China is the lynch Pin on which all speculative oil demands hinge
5) The U.S. extraction and processing (by 2020) will be close to par with Saudi Arabia
6) Don't expect the glut to drive down prices
7) Oil prices are not directly attached to the laws of supply and demand
8) Ultimately We win (Go USA!)

[CID1990]

86 pages? Cliff notes please.

1) There's no Oil shortage
2) In fact just the opposite - there's a glut
3) which is actually more disconcerting than a properly managed shortage
4) China is the lynch Pin on which all speculative oil demands hinge
5) The U.S. extraction and processing (by 2020) will be close to par with Saudi Arabia
6) Don't expect the glut to drive down prices
7) Oil prices are not directly attached to the laws of supply and demand
8) Ultimately We win (Go USA!)

Dude this is an example of you not being useless on this board

fvcking awesome

[AZGrizFan]

1) There's no Oil shortage
2) In fact just the opposite - there's a glut
3) which is actually more disconcerting than a properly managed shortage
4) China is the lynch Pin on which all speculative oil demands hinge
5) The U.S. extraction and processing (by 2020) will be close to par with Saudi Arabia
6) Don't expect the glut to drive down prices
7) Oil prices are not directly attached to the laws of supply and demand
8) Ultimately We win (Go USA!)

Dude this is an example of you not being useless on this board

fvcking awesome

A RARE example, but an example nonetheless...

[Chizzang]

Lets not get too friendly
I'll annoy you two tomorrow...

[BDKJMU]

So much for 'peak oil': Staggering new forecast says fossil fuels aren't slowing down.

Oil and gas demand could grow until 2050, IEA says
Demand for oil and natural gas continues to grow well past this decade under a revived scenario based on existing policy and regulations

Oil and gas demand could continue to grow until the middle of the century, according to a new International Energy Agency scenario that shifts away from previous expectations of so-called peak oil demand because of slower adoption of green technologies.

The Paris-based agency, which represents oil-consuming nations, said that under this scenario, demand for oil and natural gas would continue to grow to 2050, while coal goes into a decline before the end of this decade.

The IEA had previously scrapped this model and focused on one where renewables and the speedy adoption of electric cars would lead the world to wean itself from oil and gas in the years ahead. But a change in policies in the U.S. toward heavier reliance on fossil fuels and the potential for a slower-than-expected take up for EVs could now alter the calculus.

The agency includes multiple scenarios in its annual report, which often serve as an influential baseline for governments and companies when mapping out energy policy and investment.

The report was published as nations meet in Brazil as part of the U.N.’s annual climate change talks.

Under the "Current Policies Scenario," which is based on existing policy and regulations, global demand rises to 105 million barrels a day in 2035 and 113 million barrels a day in 2050, from 100 million barrels a day last year, mainly driven by petrochemical feedstocks and aviation.

Meanwhile, the share of EVs in total car sales is expected to plateau after 2035 due to insufficient policy support in some regions, with the exception of China and Europe. This slowdown is set to further drive oil demand growth into the 2030s and beyond.

Peak oil consumption—the point at which global oil demand reaches its highest level before starting a sustained decline—has been at the center of the energy debate in recent years. The IEA has repeatedly estimated oil demand will peak before 2030, while others in the industry see it happening later in the decade or even beyond….

https://www.foxbusiness.com/energy/oil- ... 0-iea-says

The decision to reintroduce the CPS scenario was dictated "by the changing economic and energy context," said IEA Executive Director Fatih Birol.

[Caribbean Hen]

86 pages? Cliff notes please.

1) There's no Oil shortage
2) In fact just the opposite - there's a glut
3) which is actually more disconcerting than a properly managed shortage
4) China is the lynch Pin on which all speculative oil demands hinge
5) The U.S. extraction and processing (by 2020) will be close to par with Saudi Arabia
6) Don't expect the glut to drive down prices
7) Oil prices are not directly attached to the laws of supply and demand
8) Ultimately We win (Go USA!)

Chizzang … right on the money