Opinions divided over peak oil

Kamalick, Joe; Gibson, Jane
October 2006
ICIS Chemical Business;10/30/2006, Vol. 1 Issue 41, p18
Trade Publication
The article reports on the controversy surrounding peak oil, the point at which the development and supply of world petroleum resources fall below global oil consumption. It is controversial because many in industry, and policymakers, argue that peak oil is decades away, maybe 60 years off. There are some geologists, according to a web discussion hosted by Chevron Corp, who argue that the planet's oil and gas supplies are not finite at all, but are continuously generated by chemical reactions deep in the earth's mantle.


Related Articles

  • A Robust Strategy for Sustainable Energy. Lackner, Klaus S.; Sachs, Jeffrey D. // Brookings Papers on Economic Activity;2005, Issue 2, p215 

    This article looks at a strategy for sustainable energy. The author discusses the debate over whether energy resources are running out and cites the recent merger of California-based oil company Unocal with Chevron as an indicator of increasing oil prices. Oil companies BP and ExxonMobil have...

  • Oil Prices: Already Peaked? Horn, Manfred // Economic Bulletin;Sep2003, Vol. 40 Issue 9, p309 

    Since the beginning of 2000, crude oil prices have mostly remained within the Organization of Petroleum Exporting Countries (OPEC) target range of between US$22 and 28 per barrel. In mid-December 2002, strike-related production losses in Venezuela caused oil prices to climb above the upper...

  • Section 11. International Petroleum.  // Monthly Energy Review;Oct2005, p149 

    The article presents information on the production and consumption of petroleum across the world. World crude oil production during July 2005 was 74 million barrels per day. Organization of the Petroleum Exporting Countries' production during July 2005 averaged 31 million barrels per day, up 0.2...

  • RUSSIA OIL & GAS REPORT: INCLUDES 10-YEAR FORECASTS TO 2022.  // Russia Oil & Gas Report;2013 3rd Quarter, Issue 3, p1 

    A report on the oil and gas industry in Russia as of third quarter (Q3) of 2013. It states that the oil production reached to 10.4 million (mn) barrels per day (b/d) in 2012 while its production is expected to increase as it increases its production capacity from the remaining Soviet-era fields....

  • Slowing Growth of Oil Consumption in 2007. Jinshuang, Gong // China Chemical Reporter;1/26/2007, Vol. 18 Issue 3, p19 

    The article presents a market report which predicts a slow growth of oil consumption for 2007 in China and also provides information about the constant rise of oil prices in 2006. The actual oil consumption for 2007 is estimated to be 4.5% higher than the same period of 2006. The economy in...

  • The heart of Hawaii.  // National Petroleum News;Jul2006, Vol. 98 Issue 7, p20 

    The article provides information on the petroleum infrastructure in Hawaii. The state has two refineries that supply products to local markets within the state with a total distillation capacity of 147,500 barrels-per-day. In the entire U.S., the state ranks 37th in petroleum consumption and...

  • "Children of the Sun".  // National Petroleum News;Nov2006, Vol. 98 Issue 12, p18 

    The article provides information on the petroleum-marketing industry in Spokane, Washington. The total petroleum consumption in the state is 16.9 million gallons/day and its gasoline consumption is 7.4 million gallons/day. The state becomes the fifth-highest taxing state on gasoline diesel in...

  • Oil prices soften on rising stocks.  // MEED: Middle East Economic Digest;10/31/2003, Vol. 47 Issue 44, p15 

    Reports on the prices of crude oil in the Middle East. Factors that influence the price of oil; Demand for oil in the market; Petroleum production in Iraq.

  • Energy consumption soaring.  // Infomat: A Weekly Review;10/10/2003, p4 

    Reports on the increase in energy consumption by Canadians, according to energy supply and demand data. Total energy consumption in 2002; Breakdown of energy consumption by different sectors; Year of the starting point for data analysis; Bulk of energy consumption represented by refined...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics