DAR
We had good attendance for this July meeting. I counted 34 people. Dr. Parker's presentation on specific brain injuries and how they affect our perceptions was well received.
The movie on Peak Oil entitled "A Crude Awakening" was powerful, if a little depressing. Perhaps we will try to play something a little more cheery at the end of the meeting. I had a hand out to go along with the presentation but several people had left before I could get them to everyone. Others asked that I email a copy so they could easily pass it on to others. I'll post a copy of the handout below.
Also, you can watch the trailer for the movie
here
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Peak Oil Primer
Giant Oil Fields and their Importance
for Future Oil Production
“A giant oil field contains at least 500 million
barrels of recoverable oil. Only 507, or 1 % of
the total number of fields, are giants. Their
contribution is striking: over 60 % of the 2005
production and about 65 % of the global ultimate
recoverable reserve (URR).
However, giant fields are something of the past
since a majority of the largest giant fields are
over 50 years old and the discovery trend of less
giant fields with smaller volumes is clear. A
large number of the largest giant fields are
found in the countries surrounding the Persian
Gulf.... In all scenarios, peak oil occurs at about the
same time as the giant fields peak. The
worst-case scenario sees a peak in 2008 and the
best-case scenario, following a 1.4 % demand
growth, peaks in 2018.”
--Robelius, Fredrik, Doctoral thesis
http://tinyurl.com/2hcy33
"…the world's three largest oilfields have now peaked and are in decline. The world's third largest oilfield, Burgan in Kuwait , which at 1.7 million barrels a day accounts for 68% of Kuwait's total output and has been in production for over 50 years, has now peaked and is in irreversible decline. The same is true of the world's second largest oilfield, Cantarell in Mexico, which at 2 million barrels a day accounts for 60% of Mexico's total output and is expected to decline at a rate of over 50% this year and then another decline of over 50% again next year. The oilfields of Alaska and the North Sea have been declining at over 10% a year for several years now. Then of course there is the world's largest oilfield, Gharwar in Saudi Arabia, which at 4.5 million barrels a day accounts for 40% of Saudi Arabia's total output and has been in production for over 60 years. Gharwar is believed by most serious analysts to now be in decline; it has an enormous water cut with the Saudis pumping in 7 million barrels a day of seawater in an uphill struggle and sagging effort to try to maintain the pressure of the oil in the field, for only 4.5 million barrels a day of oil that they're getting out.” --Charles Whalen
http://tinyurl.com/8eo36
SO WE'LL JUST FIND MORE OIL,... Right?
The last large discovery of oil on the planet occurred more than 30 years ago, and virtually the entire globe has been searched to find additional deposits. 80% of oil being produced today is from fields discovered prior to 1973. These fields are now in terminal decline. In the 1990's oil discoveries averaged about seven billion barrels of oil a year, only one third of what was being consumed. The discovery rate of multi-billion barrel fields has been declining since the 1940's, and that of large (500-million barrel) fields since the 1960's. In 1938, fields with more than 10 million barrels made up 19% of all new discoveries, but by 1948 the proportion had dropped to only 3%. The average reserves of oil field discoveries today is less than ten million barrels of recoverable oil; and ten million barrels will meet less than half a day's oil demand for the United States alone. So to just fulfill U.S. oil consumption the world would need to discover more than 750 of these new fields, each year, to replenish what was consumed in the previous year, not to mention still more discoveries to compensate for existing wells that become exhausted, and to fulfill the anticipated 2-3% increase in demand each year.
The ratio of oil consumed to oil discovered each year is now about six to one: 30 billion barrels consumed, to only five billion barrels discovered.”
ASPO-USA says, "The returns are coming in on how well exploration for new oil and gas fields fared in 2005. Overall the picture is disappointing despite the expenditure of some $15 billion by publicly traded companies alone. There were no significant (billion barrel or more) discoveries announced in 2005. Worldwide, total new oil discovered during the year comes to 4.5 billion barrels -- a 53-day supply at current rates of consumption. New discoveries in 2004 and 2005 were the lowest recorded since World War II."
http://www.crudeawakening.org/AboutPeakOil.htm
***
“Given the ongoing runup in global petroleum prices, the notion of peak oil hardly needs defending these days. We are seeing the phenomenon unfold before our eyes as one nation after another moves from the column of "oil exporters" to that of "oil importers" (Great Britain made the leap this year). At some point in the very near future the remaining nations in column A will simply be unable to supply all of the nations in column B.”
--
http://www.rense.com/general58/biot.htm
--Richard Heinberg, Core Faculty member of New College of California in Santa Rosa.
See Heinberg’s summary of Peak Oil, video (10 min):
http://tinyurl.com/29yjx7
“The oil producing areas of UAE, Iran, Iraq, Kuwait, and Saudi Arabia form a triangle whose area about equals the state of Oklahoma. That triangle contains 75% of the world's oil.”
***
Oil and Gas May Run Short by 2015, say Industry Experts
By Geoffrey Lean, Environment Editor
Published: 22 July 2007
Humanity is approaching an unprecedented crisis when not enough oil and gas will be produced to keep industrial civilisation running, the world's top oilmen warned last week.
The warning – which is being hailed as a "tipping point" on both sides of the Atlantic – marks the first time that the industry has accepted that it may soon no longer be able to meet demand for its products. In Facing the Hard Truths about Energy, it gives authoritative support to concern about impending shortages, following a similar alert by the International Energy Agency less than two weeks ago.
The 420-page report, the most comprehensive study ever carried out into the industry, has been produced by the National Petroleum Council, a body of 175 authorities that reports to the US government. It includes the heads of the world's big oil companies including ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, Shell and BP.
It is also remarkable for the conversion of its chairman, Lee Raymond, the recently retired chief executive of ExxonMobil, who led opposition against action to tackle global warming, and became environmentalists' most prominent bogeyman. The report argues for "an effective global framework" to manage emissions of carbon dioxide – "incorporating all major emitters" – and urges the US to cut the pollution that causes climate change.
The report concludes that "the global supply of oil and natural gas from the conventional sources ... is unlikely to meet ... growth in demand over the next 25 years". It says that "many observers think that 80 per cent of existing oil production will need to be replaced by 2030" to keep up present supplies "in addition to volumes required to meet existing demand." But, it adds, there are "accumulating risks to replacing current production and increasing supplies".
Though vast amounts of oil and gas remain underground, "complex challenges" and "global uncertainties" are likely to put an end to "the sufficient, reliable and economic energy supplies upon which people depend". And the crunch could come sooner, with oil production becoming "a significant challenge as early as 2015". This chimes with the International Energy Agency's prediction that oil supplies could become "extremely tight" in five years.
The predictions should send a shiver down humanity's collective spine as a shortage of oil and gas has been predicted to cause industrial collapse, market crashes, resource wars and a rise in poverty. Some forecast that fascist regimes will rise out of the chaos.
Chris Skrebowski, editor of the Energy Institute's Petroleum Review, said the report's publication showed the industry "'fessing up that it really has a problem on its hands". Until now, he said, "companies, full of share options, have been terrified of frightening the markets" by revealing the truth.
The report says the fuel efficiency of cars should be increased "at the maximum rate possible" and there should be a crackdown on 4x4s. It calls for "aggressive energy efficiency standards for buildings, and measures to "set an effective cost for emitting carbon dioxide" to combat global warming.
http://tinyurl.com/242sac
Further reading:
http://www.energybulletin.net/primer.php
http://en.wikipedia.org/wiki/Peak_oil
http://www.richardheinberg.com/
http://www.hubbertpeak.com/de/lecture.html