What Does Peak Oil Look Like?
"Peak oil" -- the notion that global production of oil will soon reach its maximum, and will subsequently decline (even while demand continues to rise) -- is getting quite a bit of attention lately. It's not surprising; peak oil is a useful metaphor for the broader problem of not paying attention to longer-term problems, as well as an implicit driver for a move away from fossil fuels. If global warming isn't reason enough, the argument goes, and if sending money to corrupt and unstable nations isn't reason enough, running out of oil is.
Today's Green Car Congress has a brief post that provides a useful visual companion to the peak oil argument; I've reproduced it at right. It's an image of the Abqaiq oil field in Saudi Arabia taken by a device that measures vertical fluid density.
By using different colors the authors have shown the different fluid densities, and these can simply be translated into four zones. Over time the field has been injected with water (the blue zone) and this has pushed up the oil (the green zone) into the wells. The red is the overlying gas cap. When the reservoir was untapped it was likely all red and green. After all these years of pumping you can see how little of the green—the oil—remains.
Political blogger Kevin Drum, over at the Washington Monthly, has written a short series of posts going into a bit more detail about peak oil arguments, avoiding the energy industry jargon that often infects them. Part 1 nicely illustrates the sometimes-ignored fact that oil production peaks differentially -- it peaked in the US in 1970, and will peak in the non-OPEC world around 2010 (according to ExxonMobil, hardly a scare-monger in that regard). When oil will peak in OPEC countries remains a point of debate. Drum's Part 2 gives a bit of history to the peak oil concept, and Part 3 looks at where future oil production will come from once the easy-to-get oil is gone. Drum promises that more posts on the subject are to come.
It's worth pointing out that peak production does not mean final production. That is, once we hit the global oil peak, petroleum production does not subsequently collapse. It's a decline, to be sure, but it can be a slow one, and will fluctuate with new (albeit hard to reach) discoveries and improved technologies. And even if we can't do anything about the planet running out of accessible oil, we can do something about our consumption. Lower oil production only matters if demand is greater than supply. As we've demonstrated here time and again, we have the tools and models necessary to shift into a high-efficiency, low-energy-consumption, high-quality lifestyle.
We just need to make the decision to do so.
(Quick note: forget what I wrote yesterday about most sessions being drop-in; all require free registration, no matter what the website says.)
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This is what the future could look like.
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When
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