Lesisz Powerpoint

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Peak Oil

Victor Lesisz


2/11

Understanding Peak Oil

Peak oil is the idea that in a certain point in time, a

country, or the world, will eventually maximize its

potential to extract and produce oil.

After its rate of oil production has peaked, the

country, or the world as a whole, would then

gradually produce less oil over time, possiblyuntil it could produce no more.


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Hubbert's Peak TheoryPeak oil theory was originated by

Marion King Hubbert, a geophysicist

who from 1943 to 1964 worked for the

Shell Oil Company.

In 1956, Hubbert predicted that the

United States' overall oil production rate

would peak between the late 1960's and

early 1970's.

His prediction was accurate, and the oil

production of the United States has not

since surpassed this peak.


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Hubbert's Curve

Hubbert's curve is used to show the estimated

peak oil production of the world.

Hubbert's bell curve

follows that production

rate rises due to resource

discovery rate.

Post-peak, the curve

declines due to depletion

of resources.


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U.S. Crude Oil Production

versus

Hubbert Curve

The similarity between factual

data for U.S. Oil production

and Hubbert's predicted

calculations is uncanny.

Data Source: U.S. Energy Information Administration


6/11

Opposition to Peak Oil Theory

Peak oil, as a theory,

only demonstrates oil

production rates. It does

not provide information

concerning the amountremaining in the world's oil

reserves.

Some oil experts, such as David Yergin, argue that despiteHubbert's accurate predictions, world oil production is on the

rise. Yergin's graph above may illustrate that a peak in oil

production, such as that of the United States, does not

necessarily signify a depletion of resources.


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What Does Peak Oil Mean For Us?The idea of peak oil is based

heavily on the principle ofdemand for the product.

High demand for oil leads to

an increase in oil production.This ultimately increases oil

depletion, which must lead

to a decrease in oil

production.

If there is no oil to be

extracted, how can it be

made into a product?

As more oil is depleted, the cost of finding

and extracting oil increases. These costs

pass on to the consumers.


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Effects on AgricultureOil is used in the machinery that

harvests crops, and is also usedextensively in transporting

these goods.

Record oil price increases are

decreasing overall food

production and inflating food

prices worldwide.

Efforts to synthesize ethanol fuel from such products as corn do not help

the food shortage situation. More and more corn is being made into fuel,

which will be used to harvest and transport our crops, which will be made

into more fuel. It may end up being a costly and fruitless cycle.


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Effects On Population

Depletion of oil resources willhave disastrous effects on theworld population.

As it stands, the population isunsustainable. With problemssuch as the spiked foodprices and the impendingfood shortage due to lack ofoil, wide-spread famine willbe an inevitable outcome.

Fishermen near an oil rig.


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What Can Be Done?As time continues, our demand and dependence on oilbecome greater and greater.

The changes necessary to ensure the sustainability ofthe world's oil supply would simply have to be drastic.

Transitioning to a low-energy world would require acomplete upheaval of the way the world currentlyfunctions.

Though there is no simple solution, this is no reasonwhy everyone should not do some small part toconserve our oil supplies. Measures such as car-pooling and buying locally grown foods make all thedifference in prolonging our ability to make use of oil-based products.


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Works Cited

Images

Slide 1: http://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpg

Slide 3: http://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.html

Slide 4: http://www.marketoracle.co.uk/Article9913.html

Slide 6: http://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.html

Slide 7: http://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpg

Slide 8: http://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cycle

Slide 9: http://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-uganda

http://www.energybulletin.net/primer.php#next

http://www.nytimes.com/2010/06/06/us/06peak.html

http://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recovery
http://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpghttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://www.marketoracle.co.uk/Article9913.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.energybulletin.net/primer.php#nexthttp://www.nytimes.com/2010/06/06/us/06peak.htmlhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.publicserviceeurope.com/article/1648/peak-oil-is-real-and-will-stunt-any-economic-recoveryhttp://www.nytimes.com/2010/06/06/us/06peak.htmlhttp://www.nytimes.com/2010/06/06/us/06peak.htmlhttp://www.energybulletin.net/primer.php#nexthttp://www.energybulletin.net/primer.php#nexthttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://www.guardian.co.uk/business/2011/mar/30/tullow-oil-sells-stakes-in-ugandahttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://knowledge.allianz.com/?749/environmental-impact-footprint-food-life-cyclehttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.noplacetobe.com/wp-content/uploads/2010/12/lots-of-traffic.jpghttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.icis.com/blogs/chemicals-and-the-economy/2011/09/peak-oil-a-theory-not-a-statem.htmlhttp://www.marketoracle.co.uk/Article9913.htmlhttp://www.marketoracle.co.uk/Article9913.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://technocracytechnatepicturearchive.blogspot.com/2011/06/technocracy-marion-king-hubbert.htmlhttp://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpghttp://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpghttp://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpghttp://oilrigdrillings.com/wp-content/uploads/2012/01/Petroleum.jpg

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