What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Published in newspaperAre we running on empty?Publication date: 2008-09-28 First published in: Honolulu Advertiser Abstract: Oil prices are spiraling upward with no end in sight. Consumers are pinching pennies to fill their cars with gasoline, and airlines are going bankrupt amid skyrocketing fuel costs. Clearly, OPEC and the ever-rapacious oil companies are to blame for high oil prices, right? Actually, no — you and I are the culprits. Civilization's insatiable demand for oil is rapidly depleting the oil stores within the Earth. During the past 100 years we have blown through about half of the global oil resources and continue to use it at increasing rates. The world now uses about 1,000 barrels of oil per second. Americans use 25 percent of that, even though we represent only 5 percent of the world's population. New global oil discoveries peaked in the 1960s, and we now consume about four times more oil each year than we discover. We produce more oil than ever before, but difficulties in finding new oil fields and the reduced output of aging oil wells indicate an imminent peak followed by a relentless decline — a situation known as "peak oil." Published in: Honolulu Advertiser, 28 September Waking up to the threat of 'peak oil'Publication date: 2008-08-19 First published in: MinnPost.com Abstract: The recent dip in the world oil market has given consumers relief from surging pump prices, and has investors and commentators waxing with hope that the dip will become a trend. But don't bet on it, says energy expert Matthew Simmons. Along with the likes of oilman T. Boone Pickens whose celebrated national campaign calls for a radical shift away from oil dependence, Simmons says that all fundamentals remain in place for energy prices to resume their skyward climb to levels quite beyond records of a month ago. In fact, in 2005 Simmons personally wagered $5,000 that the worldwide price per barrel would top $200 by 2010 (it was at a record $147 on July 11, and closed Friday at $113.77 on the New York Mercantile Exchange). Simmons fully expects to win the bet... Published in: http://www.minnpost.com, 2008-08-19 The link between oil and xenophobiaPublication date: 2008-06-25 First published in: Cape Argus Abstract: What have oil and xenophobia got to do with each other? What is the link between the finiteness of oil and South Africans driving Zimbabweans living in South Africa out of their homes? Much of what we are witnessing in real time on our television screens and in our newspapers seems unconnected and yet when we dig into it, we find that events taking place in one part of the world can lead to profound changes in other parts.... Published in: Cape Argus 25 June 2008 Gordon Brown doesn't get the oil crisisPublication date: 2008-05-29 First published in: Telegrah Abstract: Even by the low standards of his Government, Gordon Brown's recent pronouncements on oil have been surprising. Writing in a national newspaper on Wednesday, he argued that the price of a barrel had soared to $135 because of barriers to production that are "technical, financial and political". There are problems here, sure enough, but the word he left out was "geological", and the omission is crucial. It means he really doesn't understand the profundity of the current crisis, and explains why panicky initiatives are bound to fail... Published in: Time's up for petrol cars, says GM chiefPublication date: 2008-01-15 First published in: Sydney Morning Herald Abstract: THE world's biggest car maker, General Motors, believes global oil supply has peaked and a switch to electric cars is inevitable. In a stunning announcement at the opening of the Detroit motor show, Rick Wagoner, GM's chairman and chief executive, also said ethanol was an "important interim solution" to the world's demand for oil, until battery technology improved to give electric cars the same driving range as petrol-powered cars... Full article available from: Sydney Morning Herald Oil's EndPublication date: 2008-03-05 First published in: New York Times Abstract: From the steps of the Supreme Court to the White House press room, from global trading exchanges to the snowy reaches of Alaska — over the last week, you could hear the creak of history as it began to pivot in a half-dozen locales. Available from: New York Times Lump sumsPublication date: 2008-03-05 First published in: The Guardian Abstract: Oil production may soon 'peak', but what about coal? David Strahan reports on the recent figures that suggest global reserves may not be nearly as plentiful as the industry and governments have led us to believe. Available from: The Guardian |
Upcoming eventsPeopleKjell Aleklett, ASPO President Mikael Höök, ASPO Secretary Colin Campbell, ASPO's founder, ASPO Honorary Chairman |