Timeline for Is peak oil still set for 2013?
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| Mar 30, 2017 at 5:36 | history | edited | Oddthinking♦ | CC BY-SA 3.0 |
Added screenshot of updated UI
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| Mar 30, 2017 at 1:42 | comment | added | Scooter | On the page that you link as "International Energy Statistics" I do not see the phrase "Total Oil Supply Production". I do see Total Petroleum and other Liquids used as the title and in the data, which is often abbreviated "Total Liquids" as it includes a few things besides oil which are partially substitutable, notably natural gas liquids and ethanol. It can be difficult to obtain figures for just crude oil, or things that can be processed into crude oil like the tar sands/oil sands/bitumen, but it should be noted what the figure for total liquids represents. | |
| Oct 21, 2015 at 6:19 | comment | added | Scooter | @matt_black Fracking oil reserves are modest. The EIA - before this price shakeup that has cut production - predicted US production to peak in 2019/2020 in the US. Outside the US, fracking reserves are not huge and hindered by environmental concerns and economics. Very little fracking going on outside the US. Tar sands and heavy oil, while large in quantity, cannot ramp up production like conventional oil due to the processing required. It was fracking that ramped up to lower oil prices, not tar sands and heavy oil. | |
| Oct 20, 2015 at 10:04 | comment | added | Oddthinking♦ | @matt_black: I won't comment on whether that is true. That's an opinionated analysis, not empirical evidence. | |
| Oct 20, 2015 at 8:53 | comment | added | matt_black | Moreover, the current price suggests people are not that worried about future supply, though many unconventional sources won't be profitable unless the price rises again. And their existence means we know there is a very large pool of capacity that will be unlocked by moderate price rises in the future (which means price vs alternatives and not reserves will determine peak production). | |
| Oct 20, 2015 at 7:58 | history | answered | Oddthinking♦ | CC BY-SA 3.0 |