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Posts Tagged ‘Peak oil’

A global energy war looms

March 23, 2011 Comments off

telegraph

Here’s an alarming chart to ponder. HSBC has calculated what would happen to energy consumption by 2050 given plausible forecasts for economic growth and assuming no constraint on resources, or that humans carry on using energy in the “taken for granted” way they do at the moment.

 

As you can see, demand in China, India and other emerging markets soars, but there is also quite considerable growth from advanced economies too. The big picture is that with an additional one billion cars on the road, demand for oil would grow 110pc to more than 190 million barrels per day. Total demand for energy would rise by a similar order of magnitude, doubling the Read more…

Population, Food, Oil … Collision?

February 22, 2011 Comments off

world-population-unsustainable-energy-oil-food

World population and growth

Factoring the net birth minus death rate in the world each year, the annual increase to world population is about 75 million people. The current world population is about 6,900,000,000, or 6.9 billion.

Annually, we add to the planet the equivalent population of any of the following scenarios,

  • New York City (9 of them!)
  • Los Angeles (20 of them!)
  • Chicago (27 of them!)
  • San Francisco (94 of them!)
  • Boston (117 of them!)
  • Unites States of America (25 percent of the country!)

When you think about it, this is a startling number. And that’s in just one Read more…

WikiLeaks cables: Saudi Arabia is quickly running out of oil

February 9, 2011 Comments off

US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40%

Aerial View of Oil Refinery
Saudi oil refinery. WikiLeaks cables suggest the amount of oil that can be retrieved has been overestimated. Photograph: George Steinmetz/Corbis

The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom’s crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.

The revelation comes as the oil price has soared in recent weeks to more than $100 a barrel on global demand and tensions in the Middle East. Many analysts expect that the Saudis and their Opec cartel partners would pump more oil if rising prices threatened to Read more…