• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 7 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 7 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 7 days Aramco Says No Plans To Shelve IPO

Peak Oil Infographic – A Clear Picture of Where we Stand with Fossil Fuels

Peak Oil Infographic – A Clear Picture of Where we Stand with Fossil Fuels

The below infographic takes an unbiased look at the current situation with peak oil, oil consumption and declining fossil fuel reserves.

Peak oil

Source: CarSort

This graphic presents a conventional viewpoint of peak oil, but without most of the doomerism. If one looks over the numbers presented here with the knowledge that CO2 hysteria is scientifically unfounded, and that most of the problems listed are already on the way to being circumvented, the overall picture looks quite good -- for the near to intermediate term.

We should always remember that our long term goal is to replace combustion technologies with more advanced technologies which are sustainable on the time scale of millions of years at least. At this point, of all the large scale power technologies, only advanced nuclear technologies qualify as sustainable on those scales.

That is not to say that better solar and geothermal technologies will not be developed. No one can make such predictions with certainty. But the universe itself is powered largely by nuclear reactions -- and other more esoteric forces and energies yet to be discovered. That is the direction we need to be looking.

In the meantime, the available fossil fuel resources, bioenergy resources, and nuclear fission resources available, should see us through.

By Al Fin




Back to homepage


Leave a comment
  • Anonymous on October 04 2011 said:
    I strongly suggest that the readers and editors of this article read the following book: "The Deep, Hot Biosphere: the myth of fossil fuels" by Dr. Thomas Gold, professor emeritus of physics at Cornell University. If Gold's contention is correct, and I believe that it is, we have no end of this resource. It appears, for example, that old fields in Oklahoma, are now slowly but surely filling back up again. More shrubbery, more dinosaurs? I sincerely doubt it....
  • Nick Morris on April 02 2012 said:
    Hey Al,

    I can agree with a little less doomerism. But this goes much too far in my opinion.

    First, there is undeniable proof that we have been having very dire effects on our planet. We have lost thousands of species of animals in the past 100 years due to our destructive appetite for more of everything we can make and sell. By telling people to not worry, we'll get through this, and that the sky won't fall would be ironic if it wasn't so wrong. The o-zone layer is deteriorating, and this will directly cause more skin cancer worldwide. Rain has steadily became more acidic as we pollute our air more than ever before. The real question is, how close are we to the point where somebody gets drunk and shoots off a couple of nukes into the sky?

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News