Oil is the lifeblood of modern civilization. It fuels the vast majority of the world's mechanized transportation equipment--automobiles, trucks, airplanes, trains, ships, farm equipment, the military, etc. Oil is also the primary feedstock for many of the chemicals that are essential to modern life. This study deals with the upcoming physical shortage of world conventional oil--an event that has the potential to inflict disruptions and hardships on the economies of every country. The earth's endowment of oil is finite and demand for oil continues to increase with time. Accordingly, geologists know that at some future date, conventional oil supply will no longer be capable of satisfying world demand. At that point world conventional oil production will have peaked and begin to decline. A number of experts project that world production of conventional oil could occur in the relatively near future, as summarized in this document. Such projections are fraught with uncertainties because of poor data, political and institutional self-interest, and other complicating factors. The bottom line is that no one knows with certainty when world oil production will reach a peak, but geologists have no doubt that it will happen.


    Zugriff

    Zugriff über TIB

    Verfügbarkeit in meiner Bibliothek prüfen


    Exportieren, teilen und zitieren



    Titel :

    Peaking of World Oil Production: Impacts, Mitigation, and Risk Management


    Beteiligte:
    R. L. Hirsch (Autor:in) / R. Bezdek (Autor:in) / R. Wendling (Autor:in)

    Erscheinungsdatum :

    2005


    Format / Umfang :

    91 pages


    Medientyp :

    Report


    Format :

    Keine Angabe


    Sprache :

    Englisch