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Latest Predicting the timing of peak oil Stories

United States Poised To Take The Lead In Oil Production
2012-11-13 07:49:25

redOrbit Staff & Wire Reports - Your Universe Online U.S. oil output is set to surpass that of Saudi Arabia and Russia by 2017, reaching levels high enough to make the country nearly energy independent, the International Energy Agency (IEA) said on Monday in its annual World Energy Outlook report. “North America is at the forefront of a sweeping transformation in oil and gas production that will affect all regions of the world, yet the potential also exists for a similarly...

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2010-03-10 14:16:57

In a finding that may speed efforts to conserve oil and intensify the search for alternative fuel sources, scientists in Kuwait predict that world conventional crude oil production will peak in 2014 "” almost a decade earlier than some other predictions. Their study is in ACS' Energy & Fuels, a bi-monthly journal. Ibrahim Nashawi and colleagues point out that rapid growth in global oil consumption has sparked a growing interest in predicting "peak oil" "” the point where oil...

2009-11-24 14:55:00

Newly-released videotaped remarks reinforce statements by senior petroleum industry officials about looming world oil supply constraints DENVER, Nov. 24 /PRNewswire-USNewswire/ -- Groups and individuals speaking out about forthcoming world oil supply challenges are frequently stereotyped as a fringe element with little knowledge about the oil industry. But their warnings are increasingly supported by some surprising allies: senior petroleum industry officials, consultants and analysts....

2008-11-04 09:00:23

The IEA World Energy Outlook has highlighted longer term supply side constraints, despite the precipitous correction in world oil prices of late, as current depletion rates outstrip future demand. Rather than a shortage of physical reserves, the report focuses on a slowdown in necessary investment, which political stability and falling prices could exacerbate. The IEA World Energy Outlook highlights long-term supply side constraints, showing that current depletion rates outstrip future...

2008-09-25 03:00:26

By Bahgat, Gawdat Since the early 2000s oil prices have more than tripled (Fig. 1). Prices reflect not only increasing demand and decreasing supply but broader macroeconomic and geopolitical changes such as rising exploration and production costs, the falling value of the US dollar, the reemergence of "resource nationalism," inadequate refining capacity, and an aging labor force. In addition, another issue has become apparent: The world likely will grow more, not less dependent on oil...

2008-08-07 03:00:31

By Edwin S. Robinson Why are fuel prices rising? To a large extent the price is set by supply and demand. The following discussion is about supply. I became interested in the sustainability of crude oil supply about 30 years ago, when I began discussing this subject in geology classes I was teaching at Virginia Tech. At that time, analysis of oil production was a well-established field of study. The modern oil industry began in the 1850s when the first wells were drilled. The most rapid...