(This is the final reply in the discussion on “The falling oil price may presage a future recession.”) In reply to my previous contribution, “The falling oil price may presage a future recession,” Civil Economist Magnus Grill (19 October in Swedish) says that I assert, “that Peak Oil does not mean that oil will run…
There is a “significant risk” that global production of conventional oil could “peak” and decline by 2020, a report has warned. The UK Energy Research Council study says there is a consensus that the era of cheap oil is at an end, but it warns that most governments, including the UK’s, exhibit little concern about…
Publication date: 1997-04-07 First published in: Oil & Gas Journal Authors: Colin J. Campbell Abstract: In the worst days of the Battle of Britain, military commanders had to balance the need to commit fighter planes to defend the capital against having enough in reserve for later attacks. They had to have accurate information on the…
Publication date: 2009-03-01 First Published in: Natural Resources Research Authors: M. Höök et al Abstract: The giant oil fields of the world are only a small fraction of the total number of fields, but their importance is huge. Over 50% of the world oil production came from Giants by 2005, and more than haft of…
Downscaling from 116 Mbpd to 100 Mbpd is the first step of three that IEA must take when it comes to oil production in 2030. Energy Watchdog Warns Of Oil-Production Crunch The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil…
Publication date: 2006-08-01 First Published in Energy Policy Authors: Colin J. Campbell Abstract: The Rimini Protocol an oil depletion protocol: Heading off economic chaos and political conflict during the second half of the age of oil. Knowledge of petroleum geology defines the size of the World’s oil and gas resources, but the reporting of reserves…