Kuwaiti Scientists Peak Oil Prediction – Nashawi et. al 2009
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Kuwaiti Scientists Say Peak Oil Will Arrive in 2014
March 10, 2010 By 28 Comments
What is the future of fuel? What's new? What's next? Since 2007, Gas 2 has covered a rapidly changing world coming to terms with its oil addiction.
The first and obvious error is the use of only in production oil fields. That completely discounts the oil and gas available from Montana and the Dakota fields that have yet to be developed. Jobs for Americans exist there, but we do have the “NO OIL” contingent to contend with.
The first and obvious error is the use of only in production oil fields. That completely discounts the oil and gas available from Montana and the Dakota fields that have yet to be developed. Jobs for Americans exist there, but we do have the “NO OIL” contingent to contend with.
Chuck…
All of the easy to find oil has been drilled already…
Next up…absolute peak oil. Where you have to use/expend an energy equivalent of a barrel of oil to get a barrel. Can you say “Game over?”
Chuck…
All of the easy to find oil has been drilled already…
Next up…absolute peak oil. Where you have to use/expend an energy equivalent of a barrel of oil to get a barrel. Can you say “Game over?”
Next up…absolute peak oil. Where you have to use/expend an energy equivalent of a barrel of oil to get a barrel. Can you say “Game over?”
Um, no. Actually energy gets more efficient as time goes on, and that includes the production chain. Or haven’t you heard of hybrids or electric transport? …maybe not. I’m sure there are other articles in need of your 2 sentence witticisms with absolutist conclusions. Move along…
Has anyone noticed that ‘peak oil’ happens every year? You can find different people, usually authors with a book to sell, who’ve named every year since 1998 as ‘peak oil’. I’m glad the Kuwaitis have extended it though, because I need more time to dig my bunker.
Next up…absolute peak oil. Where you have to use/expend an energy equivalent of a barrel of oil to get a barrel. Can you say “Game over?”
Um, no. Actually energy gets more efficient as time goes on, and that includes the production chain. Or haven’t you heard of hybrids or electric transport? …maybe not. I’m sure there are other articles in need of your 2 sentence witticisms with absolutist conclusions. Move along…
Has anyone noticed that ‘peak oil’ happens every year? You can find different people, usually authors with a book to sell, who’ve named every year since 1998 as ‘peak oil’. I’m glad the Kuwaitis have extended it though, because I need more time to dig my bunker.
It`s a worry when the arabs are concerned about P.O.
By the way, lets not quibble about dates. Peak Oil will come one day and every thing we do is connected to oil!
Technology may not advance enough to help us adapt to lesser supplies.
Most people insure their houses or cars.
Why are we not insuring ourselves against the possility of PEAK OIL
It`s a worry when the arabs are concerned about P.O.
By the way, lets not quibble about dates. Peak Oil will come one day and every thing we do is connected to oil!
Technology may not advance enough to help us adapt to lesser supplies.
Most people insure their houses or cars.
Why are we not insuring ourselves against the possility of PEAK OIL
Laffer
Wake up dude.
And can you back up your theory that ‘peak oil’ is said to happen every year by scientists…?
Laffer
Wake up dude.
And can you back up your theory that ‘peak oil’ is said to happen every year by scientists…?
Holy sh*t! I thought there were going to be 9 billion of us soon, what are all these extra people gonna use for energy?
Holy sh*t! I thought there were going to be 9 billion of us soon, what are all these extra people gonna use for energy?
Typical. Let’s just go ahead and drill every last square inch of planet Earth into oblivion to satisfy our energy needs without thinking about the consequences or trying to come up with another solution until it’s too late. I guarantee that if this 2014 date is correct, my previous statement will come to fruition.
Typical. Let’s just go ahead and drill every last square inch of planet Earth into oblivion to satisfy our energy needs without thinking about the consequences or trying to come up with another solution until it’s too late. I guarantee that if this 2014 date is correct, my previous statement will come to fruition.
In a way these are interesting times we are living. We see talk of other alternative technologies and fuels. I follow it with a passion. I love to read about wind generation, solar, and other renewable energy. Will we run out of oil soon? Probably not. It will cost more but that makes other areas such as oil sands and shale accessible. I would like to see the non-polluting technologies become more cost effective.
Then we have this natural gas revolution going on in North America. The sheer amount that shale gas has added may well affect the world and more is being found if the plays in Poland, Ukraine, and China pan out. I would love to see an electric natural gas hybrid. Then there is nuclear and all this new technology for it from personal reactors to pebble bed designs.
Oil is running out but perhaps not in our lifetimes and there is more than enough excitement for alternative methods as cost go up.
In a way these are interesting times we are living. We see talk of other alternative technologies and fuels. I follow it with a passion. I love to read about wind generation, solar, and other renewable energy. Will we run out of oil soon? Probably not. It will cost more but that makes other areas such as oil sands and shale accessible. I would like to see the non-polluting technologies become more cost effective.
Then we have this natural gas revolution going on in North America. The sheer amount that shale gas has added may well affect the world and more is being found if the plays in Poland, Ukraine, and China pan out. I would love to see an electric natural gas hybrid. Then there is nuclear and all this new technology for it from personal reactors to pebble bed designs.
Oil is running out but perhaps not in our lifetimes and there is more than enough excitement for alternative methods as cost go up.
The peak seems to have been reached some time ago:
http://www.theoildrum.com/node/5177
(regarding efficiency and hybrids etc, the Jevons paradox comes to wreck the game. So no help there.)
The peak seems to have been reached some time ago:
http://www.theoildrum.com/node/5177
(regarding efficiency and hybrids etc, the Jevons paradox comes to wreck the game. So no help there.)
“Um, no. Actually energy gets more efficient as time goes on”
Oh really…which law of physics states that?
Waiting for your witty reply…move along…
“Um, no. Actually energy gets more efficient as time goes on”
Oh really…which law of physics states that?
Waiting for your witty reply…move along…
Interested readers may wish to review the data on oil production & consumption themselves by looking at the graphs at the Energy Export Databrowser:
http://mazamascience.com/OilExport/
This interactive educational tool allows users to interrogate the British Petroleum Statistical Review and presents the results as a series of graphs of production, consumption, imports and exports for all oil producing and consuming nations. Quickly flipping through the charts for various oil producing nations will paint a pretty sobering picture of current and future availability of energy supplies.
Interested readers may wish to review the data on oil production & consumption themselves by looking at the graphs at the Energy Export Databrowser:
http://mazamascience.com/OilExport/
This interactive educational tool allows users to interrogate the British Petroleum Statistical Review and presents the results as a series of graphs of production, consumption, imports and exports for all oil producing and consuming nations. Quickly flipping through the charts for various oil producing nations will paint a pretty sobering picture of current and future availability of energy supplies.
This is a great model to predict the past but it does not take into account the arrival of EVs, because they have not arrived.
EVs and their batteries will stabilize the price of oil to match the ROI of EV batteries.
I can’t tell you what this price is but it does exist and will be met at some point because the price of oil will increase while the cost of batteries will decrease.
After this point, as the cost of batteries continue to go down, more EVs will be produced because of the better ROI, less oil will be consumed, and the price of oil will decline.
This means that instead of a bell curve, oil reserves will have a long tail, decreasing at a slower rate after batteries ROI meet oil.
Alternative energies in general, not just EV, will force the long tail.
There will therefore be no collapse of our civilization due to peak oil, just another adaptation to new market conditions.
This is a great model to predict the past but it does not take into account the arrival of EVs, because they have not arrived.
EVs and their batteries will stabilize the price of oil to match the ROI of EV batteries.
I can’t tell you what this price is but it does exist and will be met at some point because the price of oil will increase while the cost of batteries will decrease.
After this point, as the cost of batteries continue to go down, more EVs will be produced because of the better ROI, less oil will be consumed, and the price of oil will decline.
This means that instead of a bell curve, oil reserves will have a long tail, decreasing at a slower rate after batteries ROI meet oil.
Alternative energies in general, not just EV, will force the long tail.
There will therefore be no collapse of our civilization due to peak oil, just another adaptation to new market conditions.
“There will therefore be no collapse of our civilization due to peak oil, just another adaptation to new market conditions.”
Jean:
I wish I had your crystal ball that allows you to see the future so clearly…
One problem with your theory…the population of the Earth is increasing in an exponential fashion. Oil is not the only commodity that will peak…there are finite sources of lithium available (think EV batteries)as well as water, copper, iron…
Couple this with the developing nations (China, India…) demanding the same standard of living and consuming the finite resource pool at the same rate as the West historically has. I’m afraid the philosophy of “business as usual” is not going to work, and the world is in for a massive wake-up call.
Check this out for a great in depth study of this very topic:
http://www.chrismartenson.com/crashcourse/chapter-3-exponential-growth
“There will therefore be no collapse of our civilization due to peak oil, just another adaptation to new market conditions.”
Jean:
I wish I had your crystal ball that allows you to see the future so clearly…
One problem with your theory…the population of the Earth is increasing in an exponential fashion. Oil is not the only commodity that will peak…there are finite sources of lithium available (think EV batteries)as well as water, copper, iron…
Couple this with the developing nations (China, India…) demanding the same standard of living and consuming the finite resource pool at the same rate as the West historically has. I’m afraid the philosophy of “business as usual” is not going to work, and the world is in for a massive wake-up call.
Check this out for a great in depth study of this very topic:
http://www.chrismartenson.com/crashcourse/chapter-3-exponential-growth
Dean, Laffer, Harry — Please, please, folks. Let’s try to keep this conversation in an adult and reasonable manner. There is no need for sniping or nit-picking. We should be able to discuss this topic with respect and consideration to each other’s feelings and mentalities.
You stupid turd-monkeys…
Dean, Laffer, Harry — Please, please, folks. Let’s try to keep this conversation in an adult and reasonable manner. There is no need for sniping or nit-picking. We should be able to discuss this topic with respect and consideration to each other’s feelings and mentalities.
You stupid turd-monkeys…