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Oil May Have Peaked
Many geologists and professional forecasters say global production of cheap, conventional oil has peaked, or will peak within a decade. After the peak, supply will begin to decline, resulting in shortages that could cause significant economic and geopolitical upheaval. Below are some links to background, recent articles, commentaries and video about oil forecasting and the possibility that shortages are on the way:
Background:
When will the world run out of oil? That's the wrong question, according to experts who say it's much more important to ask when global oil production will reach its peak and begin to decline. If you're not familiar with the oil peak issue, read this overview on the EMS.org website.
News and opinion:
"After the Oil Runs Out," Washington Post, June 4, 2004. Op-ed by James C. Jordan, a former energy program director for the Navy, and James R. Powell, a former senior scientist at Brookhaven National Laboratory.
A report on the latest conference of the Association for the Study of Peak Oil. Petroleum News, May 2004.
"This World is Running on Empty," Houston Chronicle, May 29, 2004. Op-ed by Llewellyn King, publisher of Energy Daily.
"Hubbert's Peak Goes Global," CBS MarketWatch, May 13, 2004. By Paul Erdman.
"Saudi Fields are Vital to World's Oil Supply," USA Today, May 10, 2004.
More articles Video and interviews:
The End Of Suburbia, a documentary released in April 2004, focuses on the impact oil depletion will have on the suburbs: "As energy prices skyrocket in the coming years, how will the populations of suburbia react to the collapse of their dream?" It features interviews with authors, geologists and executives such as James Howard Kunstler, Matthew Simmons, Colin Campbell, Kenneth Deffeyes and Ali Samsam Bakhtiari. The DVD is available at EndOfSuburbia.com. The website of GlobalPublicMedia has streaming video of presentations by and interviews with oil forecasters Matt Simmons and Kenneth Deffeyes.Deffeyes, a petroleum geologist, wrote a book, Hubbert's Peak, about the global oil peak. In presentations in 2003, Deffeyes suggests that world oil production may have peaked in 2000.
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