Learn to manage oil

June 5, 2009 Edward

Peak oil researcher Dave Cohen said in a recent speach: “I now believe that the hypothesis of a near or medium-term peak in the world’s oil supply is confirmed beyond any reasonable doubt. A shift in emphasis that speaks to reducing our demand for oil and examining alternatives to oil is now required.”

Global oil (crude + condensate) production will peak at 76.5 ± 0.5 million barrels per day (b/d) in 2011, ± 1 year, with a probability of 80%. There is a 20% likelihood that output will peak at another level—not 76-77 million b/d—between 2009 and 2013.

Kjell Aleklett, professor of Physics at Uppsala University and president of ASPO, the Association for the Study of Peak Oil and Gas, will give the keynote address on “Future transportation fuels without ‘business as usual’ as an option” at the upcoming Smart 2009 Conference in Sydney, as well as conducting the workshop.

Source: Transport and Logistics News