The Green Files > Peak Oil News - Peak oil looms
[Peak Oil News] Faith Birol, chief economist for the IEA, announced that unless there are major new oil discoveries, something his agency does not expect, the output of conventional oil production will peak in 2020. The agency's official conclusion is that production will reach a plateau sometime before 2030.
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[Leaves of language] “Why 'peak oil' collision provides opportunity for bold invention ...: Alarming as the peak-in-2013 conclusion may sound, he believes it is in fact a cautious report: “I think that weve taken a fairly conservative view of what the issue is here and I think we have a clear window of five to seven years to really make some fundamental changes to the way we use energy in the UK in order that peak oil does not become a crunch.
[FT Energy Source] Reader Q&A with Dr Fatih Birol, IEA chief economist | FT Energy ...: What we do say is that, if there are no new discoveries of oil, global conventional oil production would peak around 2020, but only if demand grows as sharply as we project in our Reference Scenario (which we assume no change in government policies). In that scenario, output (excluding processing gains) rises from 83 mb/d in 2008 to 103 mb/d in 2030;
[Energy Bulletin -] Peak oil, prices, and supplies - Dec 9, updated Dec 11 | Energy ...: FATIH BIROL, the chief economist of the International Energy Agency (IEA), believes that if no big new discoveries are made, “the output of conventional oil will peak in 2020 if oil demand grows on a business-as-usual basis.” Coming from the band of geologists and former oil-industry hands who believe that the world is facing an imminent shortage of oil, this would be unremarkable. But coming from the IEA, the source of closely watched annual predictions about world energy markets, it is a new and striking claim.
[Oil Prices, Oil Trading] IEA's Fatih Birol recent prediction on peak oil and future oil prices: Fatih Birol clarifies the IEA's most recent prediction that if there are no new discoveries of oil, global oil production will peak around 2020, but only if demand grows as sharply as expected. More specifically, the IEA anticipates .
[Alpha Found - Opinion & Analysis] IEA sets 2020 as the date for peak oil « Alpha Found - Opinion ...: Indeed, the IEA’s stance appears to have more with having been recruited to the hysteria of global warming alarmism, which the Economist has, unfortunately, also switched sides on. Note well:
[Renewable Energy News - RenewableEnergyWorld.com] The Decade of Climate Change and Peak Oil - Renewable Energy World: To wrap up this admittedly esoteric discussion, here’s my conclusion: IEA and many other high-level policy types, including apparently the Obama administration, have decided to put all their eggs in the climate change basket. In other words, even though IEA and policymakers from every nation must surely be aware of the threat of peak oil (the IEA and many other agencies and non-profits have supplied ample data in this area over the last decade), they have decided that the vehicle for mitigating both peak oil and climate change is the int’l climate change mitigation process.
[HeatingOil.com » Blog] IEA Economist Birol Addresses Reactions to the World Energy ...: With this in mind, Birol and the IEA developed a more realistic analysis of the global energy market by adopting “a framework that assumes different country groups committing to economy-wide emission targets in different moments in time, reflecting their different stages of economic development and their responsibility in cumulative emissions.” While this isnt the most cost-effective way to go about things, it is (at the moment) the most tenable, and may even lead to fuel-cost savings that will offset some of the added expense.
[ParaPundit] ParaPundit: 1 Year Past Oil Production Plateau?: Everything did in fact start to change in the 1970s, as US energy per capita consumption peaked, real wages peaked, US oil production peaked, and we started to use debt (spatial and temporal reallocation of real wealth) to increasingly supplement energy's role in current growth. Urged on by socially acceptable excess consumption via advertising, borrowing from the future also became socially acceptable, and the linkages between real capital (natural, built, human and social) and financial markers for this real wealth became blurred.
[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | Drumbeat: February 2, 2010: In the past five years, the word “solastalgia” has appeared in media outlets as disparate as Wired, The Daily News in Sri Lanka and Andrew Sullivans popular political blog, The Daily Dish. In September, the British trip-hop duo Zero 7 released an instrumental track titled “Solastalgia,” and in 2008 Jukeen, a Slovenian recording artist, used the word as an album title.
[Blog of variety] The peak-oil debate: Birols willingness to acknowledge that conventional supplies may peak in a decades time points to a subtle shift in policymakers attitude towards the “peak oil” debate. This debate is not about whether the supply of oil, a finite resource, could someday stop growing. Rather, it hinges on the timing of an end to increases in global oil production, and on what happens next. The most pessimistic peak-oil proponents think that global oil supply has peaked or is about to do so. Given projections of demand increasing well into the future, they fear economic disaster.
[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | Iraq Could Delay Peak Oil a Decade: Now, we might assume that in the future they will be much better met, and a logistic might be become more appropriate, but then we cannot use the past to give us any guidance on the height/width of the peak, even if we agree on the area under the curve. So in contrast to the US (probably the case where the logistic assumptions will always be the best met and Hubbert was able to use it predictively), it's not at all clear to me that logistic modeling has any predictive value about the peak date or height of the peak in Iraq.
[Energy Security] Energy Security: The peak-oil debate: 2020 vision: According to The Economist, FATIH BIROL, the chief economist of the International Energy Agency (IEA), believes that if no big new discoveries are made, “the output of conventional oil will peak in 2020 if oil demand grows on a business-as-usual basis.” Coming from the band of geologists and former oil-industry hands who believe that the world is facing an imminent shortage of oil, this would be unremarkable.
[Do The Green Thing: the Green Thing blog] Peak Oil in 2020 - It's Official: The International Energy Agency's (IEA) chief economist Aith Birol has just pronounced that unless major new oil field discoveries happen, “the output of conventional oil will peak in 2020 if oil demand grows on a business-as-usual .
[Becoming a Good Human] Energy#1: What is Peak Oil? « Becoming a Good Human: Many of the official sources of data used to model oil peak such as OPEC figures, oil company reports, and the USGS discovery projections, upon which the international energy agencies base their own reports, can be shown to be frighteningly unreliable.
[Transition Culture] Whither Resilience and Transition? Why 'Peak Oil' Has Yet to ...: The NYT article from Michael Lynch (seem my dramatization) has successfully reset peak oil awareness to zero after the Fatih Birol 2020 bombshell was about to maybe make some waves for a change. European awareness of resource depletion is way above and beyond what it is in the US.
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