Rising oil prices pose a grave threat to the global economic recovery, according to experts. The fear has been expressed by the automobile industry. This week in Perth, Volvo’s head of product planning, Lex Kerssemakers, said: “we all know that…
Publication date: 2004-08-16 First published in: Oil and Gas Journal Authors: A. Imam et al. Abstract: A new, multicyclic approach to modeling future global production of natural gas reaffirms an outlook for growing dependence of Western nations on the Middle…
The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact. The energy crisis outlined in a Joint Operating Environment report…
Publication date: 2008-07-31 First published in: Washington University in St. Louis Authors: Jonah J. Ralston Abstract: Humanity’s dependence upon a reliable and easily obtainable supply of oil places the modern lifestyle in a precarious position. Will this source of energy…
Publication date: 2010-03-01 First Published in: Energy Policy Authors: K. Aleklett et al Abstract: The assessment of future global oil production presented in the IEA’s World Energy Outlook 2008 (WEO 2008) is divided into six fractions; four relate to crude…
Publication date: 2010-03-19 First Published in: Natural Resources Research Authors: M. Höök et al Abstract: Anthropogenic global warming caused by CO2 emissions is strongly and fundamentally linked to future energy production. The Special Report on Emission Scenarios (SRES) from 2000…
Mr. Gabrielli, the CEO of Petrobras, gave a presentation in December 2009 in which he shows world oil capacity, including biofuels, peaking in 2010 due to oil capacity additions from new projects being unable to offset world oil decline rates.…
Publication date: 2009-09-01 First published in: Energies Authors: U. Bardi & A. Lavacchi Abstract: The well known “Hubbert curve” assumes that the production curve of crude oil in a free market economy is “bell shaped” and symmetric. The model was…
The City of Bloomington in Indiana, USA, first formally recognized that the City must begin preparing for peak oil in July 2006. A Peak Oil Task Force was created. The specific charge of the Task Force is to acquire and…
Divisions within OPEC have eased as the dual threat of the global economic crisis, and climate change talks force oil producers to be pragmatic and unified, analysts said on Sunday. But the stance of the price hawks has since lost…