Because climate change is seriously uncool.

Peak Oil Awareness Group

Information

The Age of Cheap Energy is over and Peak Oil is on the horizon, whether it be now, in 2 years, or by 2030. This group aims to raise awareness of the impending problems and offers positive solutions based on Transition Movement philosophy.

Location: Australia
Members: 32
Latest Activity: Dec 3, 2011

What is Peak Oil?

by Graham Strouts

Sometimes known as “Hubberts’ Peak” after the American geologist M.K. Hubbert who accurately predicted the peak in US oil production in 1971, ” Peak Oil” refers to the maximum extraction rate of oil, after which the rate of extraction will decline.

It has been found that the extraction of oil always follows more or less a bell-shaped curve: first the oil is discovered and once it starts to be pumped out, the rate increases steadily until it reaches a peak, after which it becomes impossible to pump at the same rate: production will inexorably decline.

World discovery of oil peaked in 1964 and has been declining ever since, despite considerable improvements in technology, and there is no prospect of any significant new large discoveries. We are currently consuming more than 4 barrels of oil for every one discovered.

It is widely believed that we are now approaching World Oil Peak .

Does this mean that the world is running out of oil? Not exactly. Globally, it is thought that approximately half of all oil that was laid down in the earth has been extracted. We have currently used about 1Trillion barrels of the 2Trillion barrels that was the legacy from geological vents of over 90million years ago.

article continued in Discussion Forum

Discussion Forum

View All

Comment Wall

Add a Comment

You need to be a member of Peak Oil Awareness Group to add comments!

Comment by Cameron Tampion on February 9, 2011 at 16:03: WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid...

US cables just released by Wikileaks have revealed diplomats' concerns that Suadi Arabia may be over-stating its oil reserves by as much as 40%, and that it has limited capacity to boost production in the face of rising oil prices.

The revelations add to concerns that global oil production could peak by 2012.

Source: The Guardian

Comment by Michael Beasley on October 1, 2010 at 9:59: A carbon price could be part of the solution provided the price set is adequate but I think the growing Transition Town Movement will be one of the best ways to address this issue.

www.transitiontowns.org
http://en.wikipedia.org/wiki/Transition_Towns
http://candobetter.org/node/1439

This system will also provide resilience against climate change and economic security whilst drawing communities closer together.

I highly recommend Rob Hopkin's, The Transition Handbook.

http://transitionculture.org/shop/the-transition-handbook/

I've bought a few copies to share with friends, family and the community. It's worth every cent.

All the best with it.

Comment by Michael Salvatico on October 1, 2010 at 9:31: I think the answer to peak oil is a carbon price. What do you think?

Comment by Michael Beasley on September 10, 2009 at 12:15: Join Us...

....and we'll march day and night by the big cooling tower.

They have the plant BUT WE HAVE THE POWER!

www.switchoffhazelwood.org