ZPE_Logo
  
Search        
  Create an account Home  ·  Topics  ·  Downloads  ·  Your Account  ·  Submit News  ·  Top 10  
Mission Statement

Modules
· Home
· Forum
· LATEST COMMENTS
· Special Sections
· SUPPORT ZPEnergy
· Advertising
· AvantGo
· Books
· Downloads
· Events
· Feedback
· Link to us
· Private Messages
· Search
· Stories Archive
· Submit News
· Surveys
· Top 10
· Topics
· Web Links
· Your Account

Who's Online
There are currently, 655 guest(s) and 0 member(s) that are online.

You are Anonymous user. You can register for free by clicking here

Events

Hot Links
Aetherometry

American Antigravity

Closeminded Science

EarthTech

ECW E-Cat World

Innoplaza

Integrity Research Institute

New Energy Movement

New Energy Times

Panacea-BOCAF

RexResearch

Science Hobbyist

T. Bearden Mirror Site

USPTO

Want to Know

Other Info-Sources
NE News Sites
AER_Network
E-Cat World
NexusNewsfeed ZPE
NE Discussion Groups
Energetic Forum
EMediaPress
Energy Science Forum
Free_Energy FB Group
The KeelyNet Blog
OverUnity Research
Sarfatti_Physics
Tesla Science Foundation (FB)
Vortex (old Interact)
Magazine Sites
Electrifying Times (FB)
ExtraOrdinary Technology
IE Magazine
New Energy Times

Interesting Links

Click Here for the DISCLOSURE PROJECT
SciTech Daily Review
NEXUS Magazine

The end of oil
Posted on Tuesday, September 18, 2007 @ 19:43:18 UTC by vlad

Testimonials A small - but growing - group of experts think world oil production will peak in the next few years, to devastating effect.

By Steve Hargreaves, CNNMoney.com staff writer
September 14 2007: 2:50 PM EDT

NEW YORK (CNNMoney.com) -- At some point in the near future, worldwide oil production will peak, then decline rapidly, causing depression-like conditions or even the starvation of billions across the globe.



That's the worst-case scenario for subscribers to the "peak oil" theory, who generally believe oil production has either topped out or will do so in the next couple of years.

What follows depends on who one talks to, but predictions run the gamut from the disaster scenario described above to merely oil prices in the $200-a-barrel range while society transitions to other energy sources.

It's not a view held by most industry experts, including the oil companies, the government and most analysts at the financial houses...


But its adherents are growing, and include some fairly well-known names...

Heinberg says world production of regular crude oil actually peaked in May 2005. He also says production in 33 of the 48 largest oil producing countries is in decline, and that global oil discoveries peaked in 1964.

Most importantly, he says reserves in the Middle East, where EIA predicts the bulk of new supply will come from, have been "systematically overstated."

"Everyone just takes their figures at face value," Heinberg said. "But they are national oil companies, they can't be audited."

Instead of production ramping up to 118 million barrels per day, Heinberg sees a plateau over the next few years, then gradual declines beginning in 2010.

By 2015, he says the rate of decline will accelerate as field after field runs dry and few new supplies are found. By 2030, the world could be looking at powering its economy on 30 million barrels a day.

"It's going to be an enormous shock to the global system," said Heinberg. "We're talking something on the order of the Great Depression, perhaps much worse."

As for billions starving to death when crops dependent on fossil fuel-based fertilizers fail en masse, he said, "that's the worst case scenario, but it can't be ruled out."
...

Full story: The end of oil

 
Login
Nickname

Password

Security Code: Security Code
Type Security Code

Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name.

Related Links
· More about Testimonials
· News by vlad


Most read story about Testimonials:
Dr. Eugene Mallove is dead


Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad


Options

 Printer Friendly Printer Friendly


"The end of oil" | Login/Create an Account | 0 comments
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

 

All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest © 2002-2016 by ZPEnergy. Disclaimer: No content, on or affiliated with ZPEnergy should be construed as or relied upon as investment advice. While every effort is made to ensure that the information contained on ZPEnergy is correct, the operators of ZPEnergy make no warranties as to its accuracy. In all respects visitors should seek independent verification and investment advice.
Keywords: ZPE, ZPF, Zero Point Energy, Zero Point Fluctuations, ZPEnergy, New Energy Technology, Small Scale Implementation, Energy Storage Technology, Space-Energy, Space Energy, Natural Potential, Investors, Investing, Vacuum Energy, Electromagnetic, Over Unity, Overunity, Over-Unity, Free Energy, Free-Energy, Ether, Aether, Cold Fusion, Cold-Fusion, Fuel Cell, Quantum Mechanics, Van der Waals, Casimir, Advanced Physics, Vibrations, Advanced Energy Conversion, Rotational Magnetics, Vortex Mechanics, Rotational Electromagnetics, Earth Electromagnetics, Gyroscopes, Gyroscopic Effects

PHP-Nuke Copyright © 2005 by Francisco Burzi. This is free software, and you may redistribute it under the GPL. PHP-Nuke comes with absolutely no warranty, for details, see the license.