Saturday, December 15, 2012

Peeking at Peak Oil

Peeking at Peak Oil
Kjell Aleklett

Amazon: Peeking at Peak Oil, 2012 [hardcover]

The term “Peak Oil” was born in January 2001 when Colin Campbell formed the Association for the Study of Peak Oil & Gas (ASPO). Now, Peak Oil is used thousands of times a  day by journalists, politicians, industry leaders, economists, scientists and countless others around the globe. Peak Oil is not the end of oil but it tells us the end is in sight. Anyone interested in food production, economic growth, climate change or global security needs to understand this new reality. In Peeking at Peak Oil Professor Kjell Aleklett, President of ASPO International and head of the world’s leading research group on Peak Oil, describes the decade-long journey of Peak Oil from extremist fringe theory to today’s accepted fact: Global oil production is entering terminal decline. He explains everything you need to know about Peak Oil and its world-changing consequences from an insider’s perspective. In simple steps, Kjell tells us how oil is formed, discovered and produced. He uses science to reveal the errors and deceit of national and international oil authorities, companies and governments  too terrified to admit the truth. He describes his personal involvement in the intrigues of the past decade. What happens when a handful of giant oil fields containing two thirds of our planet’s oil become depleted? Will major oil consumers such as the EU and US face rationing within a decade? Will oil producing nations conserve their own oil when they realize that no one can export oil to them in the future? Does Peak Oil mean Peak Economic Growth? If you want to know the real story about energy today and what the future has in store, then you need to be “Peeking at Peak Oil”.

Very Important Work September 1, 2012
By keith renick
Format:Hardcover|Amazon Verified Purchase

This book, Peeking at Peak Oil is a very important work. This work is based on science. It's sound in it's findings. Again, it's science that's based on very sound research methods. It's not pie-in-the sky or doomsday is here. It's sound scientific research that can't be overlooked. Looking at the facts, readers can draw their own conclusions as to how peak oil will play out. Peak Oil is real and it has arrived. Peak Oil is most often misunderstood by economists and the general public. Modern economics is flawed because it never had a reason it include net energy in it's economic models of growth. Economist are obsessed with total labor productivity. The world is consuming more and more energy and getting less and less growth, less bang for their buck. Along with "Peak Oil" we will have water problems as many places that produce oil will require huge amounts of water for water injection to get the remaining oil out of the ground. What's never addressed is the growing car and light truck population of the earth. When my granddaddy Crump was born in 1889 there were maybe 3 cars in the USA. When I was born there was less than 70 million cars in the USA. Today, there are over 250,000,000 cars and light trucks in the USA and growing. Today the global car and light truck population more than 800 million and racing to a billion worldwide. At some point, it doesn't matter how much oil is in the ground or how many miles per gallon your car gets. What matters will be the total number of cars and light trucks in the world, all of them, more than a billion, wanting their gas tanks topped off. But the average person doesn't want to hear that there are limits. Tap water and gasoline will always be there in abundance and will always be affordable. Many believe everyone who can afford a car should have one and the earth can support one billion cars, one and a half billion cars, 2 billion cars or more. The total number of cars and light trucks in the world has never crossed their minds. How can it be expected that China and India will stop making cars? They won't and the demand for oil will overtake production forever. At some point, the question might not be how much oil is left in the world but rather how are we going to use the oil that is left? Only about 2 thirds of a barrel of oil is used to make gasoline, diesel and jet fuel. This is the term "peak oil" refers to most often is that it's a liquid fuel transportation problem. This statement is true. However, I am very concerned about the remaining one third that's used in manufacturing thousands of products that we use everyday. Now we call everything oil. Heavy sour, tar and NGL. I was very honored several years ago when Dr. Colin Campbell emailed me some of his field-by-field estimates for Saudi Arabia. I believe the author of this book and Dr. Colin Campbell are the 2 most informed experts on the subject of "peak oil." The quality of their research is unquestionable. While I do not share the authors belief that we can feed a future world of 9 billion people, the authors knowledge and effort that went into "Peeking at Peak OIl," is truly remarkable. Keith Renick, Saudi Aramco Oil Retired

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