Are We Headed Over the Energy Cliff?

Thursday, December 29, 2005

This is an amalgam of three PowerPoint presentations. Two were presented at the first ever ASPO-USA conference held in Denver last November, and one of them could very well be the first-ever Peak Oil PowerPoint created by a Member of the U.S. House of Representatives. The presentations from Thomas Petrie and Rep. Roscoe Bartlett can be retrieved from the web site of the Association for the Study of Peak Oil and Gas-USA. The two presentations are combined with slides that Michael Vickerman, RENEW Wisconisn's executive director, has been using since 2002.

The presentaion begins with the following observations and assertions:

World daily production –- 84 million barrels per day
World excess capacity -- 1 -1.5 million bpd
U.S. daily consumption –- 21 million bpd
Global decline rate –- 4%-6% per annum

Net non-OPEC production likely to peak around 2010
OPEC might not reach government projections
Reasonable world peak oil date – 2010-2015?

Access the full presentation on the link at RENEW's News and Views.