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The Global Oil Peak or a Plateau?

I am about to cover a very serious subject, so please forgive my somewhat formal and unduly precise language.  Since I am talking here about the future of our crude oil-powered civilization, I do not feel too guilty. Besides, you can always stop reading... The six categories of liquid and solid hydrocarbons in Figure 1 are lumped together into three different combinations in the reports of global liquid fuel production maintained by the Energy Information Administration (EIA). Figure 1: Click on the image above to see its full screen version. All liquid and solid hydrocarbons and alcohols are grouped into six categories that exhaust the classification of liquids used by the U.S. DOE Energy Information Administration (EIA) in their reports of global fossil fuel production. Note that depending whether heavy oil flows or not at the initial reservoir conditions, it is classified as either a transitional crude or unconventional crude. Solid tar sand bitumen is mined and li...

Peak, What Peak?

Before I discuss the logic behind negating a peak of production of anything, let me sum up where we are in the U.S. in terms of crude oil production.  According to the Energy Information Administration (EIA): "The United States consumed 18.8 million barrels per day (MMbd) of petroleum products during 2011, making us the world's largest petroleum consumer. The United States was third in crude oil production at 5.7 MMbd. But crude oil alone does not constitute all U.S. petroleum supplies. Significant gains occur, because crude oil expands in the refining process, liquid fuel is captured in the processing of natural gas, and we have other sources of liquid fuel, including biofuels. These additional supplies totaled 4.6 MMbd in 2011." Let me parse this quote.  First, let's look at the history of oil production in the U.S., shown in the chart below.  The vertical axis is scaled with a unit of power, exajoules (EJ) per year, very close to quadrillion BTUs (qu...

Peak oil? Nonsense! Says Daniel Yergin

Dr. Daniel Yergin has just published "The Quest," "a magisterial masterpiece," according to an endorsement by Dr. Lawrence Summers, a well known economist and ex-President of Harvard University. Mr. Yergin received his B.A. from Yale University in 1968, and earned his Ph.D. in International Relations (1974) from Cambridge University. The other endorsements came from: Mr. Walter Isaacson, a writer and biographer, and President of The Aspen Institute. Dr. Henry Kissinger, who received his A.B., A.M. and Ph.D. degrees at Harvard University. His doctoral dissertation was titled "Peace, Legitimacy, and the Equilibrium (A Study of the Statesmanship of Castlereagh and Metternich)." Mr. Steve Coll, a journalist and writer, and President of the New America Foundation. Mr. Fred Krupp, an environmental lawyer from the University of Michigan, and CEO of the Environmental Defense Fund. Mr. Frederick W. Smith, B.A. in economics from Yale University, CEO of FedEx...