John Hofmeister doesn’t call it ‘peak oil,’

John Hofmeister doesn't call it 'peak oil,' instead he calls it the 'energy abyss,' the point at which the global economy ceases to grow because the oil industry can no longer meet demand. Read about John Hofmeister's assessment:

http://www.evworld.com/focus.cfm?cid=144

Re: The U.S. Department of Energy provides Educational Peak Oil Poster

Forwarded from 2007. Re-Post:

On Oct 11, 2007, at 12:35 AM, Ingemar Anderson <ingemar.alerts@gmail.com> wrote:

"All about Oil and Gas", this is how the Guy Caruso, head of the U.S. Department of Energy in 2005 titled a series of 10 educational posers, which are available for download as pdf files. One of these posters is called " Peak Oil - the Turning Point". The poster is very informative and lists the basic facts about peak oil. However, the Energy Information Agency (EIA) states that they believe that the peak in world in oil production is decades away although the poster also shows forecasts by respected authorities in the field of energy, which claim that the peak is just years away or is even happening right now.*)

 

So, although somewhat confusing in terms of the actual peaking time, it is remarkable that the U.S. Government comments on the topic of peak oil, and more importantly agrees with the fact of peak oil.

 

You can download the peak oil poster here and the entire selection of 10 posters about energy can be viewed  here.

 

*) Also compare the EIA report of 2007, which gives very different picture of the peak oil event.

 

 

 

 

5 Years Later .... 2008 - 2013

Five years after my last post it seams nothing in the land of energy has changed. Peak oil seems to be as dead or even 'deader' than ever. But wait ... what about 94$ a barrel today? What about fracking? Fracking? What is that? Well, the world did change since 2008. Fracking is something that has been started to compensate the decline of conventional crude oil and gas production.

In my eyes, peak oil is everywhere today. And how bad can it be? The national debt ceiling has been reached several times in the last years, and no end is in sight. 16 trillion dollars national debt, about 115% of GDP. Well, is the high debt maybe consequence of peak oil? Our money we used to put into the economy now goes into gasoline expenses and all other expenses related to crude oil, and much of that money goes straight to oil exporting countries.

Well, but that will change now with fracking. Fracking is a technology used in the US to produce oil and gas from US soil, in the US for the US. Fracking will ease the effects of peak oil on America, which is good for the American economy. Let's not mention some areas that are environmentally badly affected by fracking.

Now, I wil watch energy supply developments more closely again to make my personal investment decisions even more well-rounded.  This blog is still and again a viable source of daily refreshed and refreshing worldwide news about all sorts of energy related issues.

Happy reading!

Ingemar

Resource Depletion Theory

The Resource Depletion Theory claims that every non-renewable resource and every renewable resource coming from a finite storage place can be exhausted only by following the depletion curve. In the picture to below you can see how production levels for three real-life examples follow a bell shaped curve.

This theory has been first announced by M.K. Hubbert in 1956 for oil and other commodities, and it is known today as "peak oil theory". However, this theory has been confirmed through the oil production of many oil fields worldwide but is still denied by many scientists and economic leaders today.

The "Resource Depletion Theory" is a broader more simplified approach of that same concept of M.K. Hubbert. Studying the diagrams above should reveal to the reader that the concept of depleting resources is universal and a simple matter of mathematics and common sense.

The President Says OPEC can't increase Oil Production!

In other words: the president says OPEC has hit Peak Oil Production!

 

Watch the video with the president's quote:

 

http://abcnews.go.com/Video/playerIndex?id=4140859

Confused about Peak Oil? READ THIS!

I have never read such a clear assessment of the situation related to peak oil. Thanks Mr. Payne.

 

Mr. Payne is an "upstream oil and gas professional with over 25 years of experience. Past Chairman, Houston Chapter of the American Petroleum Institute (API). Member of American Society of Mechanical Engineers (ASME), Society of Petroleum Engineers (SPE), American Solar Energy Society (ASES)."

 

Please read his article on the EnergyBulletin: http://www.energybulletin.net/39308.html

Peak Oil Presentation on Bainbridge Island, WA

In 2005, Rick Bunch talked about the adaption for Peak Oil in Bainbridge .









When will there be any further local activities on Bainbridge to increase community and peak oil awareness?