Peak Oil is not About Running Out of Oil!
Peak Oil is not About Running Out of Oil!
May 10, 2007
If you hear someone saying the peak oil theory is wrong and that the world is not about to run out of oil, tell him that he is wrong in his understanding that peak oil is about our running out of oil.
This post at Oil Be Seeing You details on the same issue:
"...No one in the peak oil movement, unless they too are new to the movement and do not yet understand, ever says, or ever would say, that peak oil means the end of oil, means we are running out of oil. Most in the peak oil camp, in fact, believe we will never consume all of the oil there is, for a wide variety of reasons. In general only about thirty percent of the oil in a reserve is recoverable so there is always going to be oil left over in a field after the last well has been shut down."
The post goes on to explain what indeed is peak oil:
"Peak oil is about a global society and global economy that have become hopelessly dependent on an ever-increasing supply of cheap, high-grade oil, increasingly dependent also on natural gas and coal, the other main fossil fuels. It is about the impact on that global society and global economy when the supply of oil can no longer be increased, when the demand for oil exceeds what the world's oil fields can produce..."
Useful post for those who want to have a clear and detailed understanding of the Peak Oil term.
Read the full post here @ Oil be Seeing You
May 10, 2007
If you hear someone saying the peak oil theory is wrong and that the world is not about to run out of oil, tell him that he is wrong in his understanding that peak oil is about our running out of oil.
This post at Oil Be Seeing You details on the same issue:
"...No one in the peak oil movement, unless they too are new to the movement and do not yet understand, ever says, or ever would say, that peak oil means the end of oil, means we are running out of oil. Most in the peak oil camp, in fact, believe we will never consume all of the oil there is, for a wide variety of reasons. In general only about thirty percent of the oil in a reserve is recoverable so there is always going to be oil left over in a field after the last well has been shut down."
The post goes on to explain what indeed is peak oil:
"Peak oil is about a global society and global economy that have become hopelessly dependent on an ever-increasing supply of cheap, high-grade oil, increasingly dependent also on natural gas and coal, the other main fossil fuels. It is about the impact on that global society and global economy when the supply of oil can no longer be increased, when the demand for oil exceeds what the world's oil fields can produce..."
Useful post for those who want to have a clear and detailed understanding of the Peak Oil term.
Read the full post here @ Oil be Seeing You
Labels: fossil-fuels, peak-oil
PermaLink - Peak Oil is not About Running Out of Oil!
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