World Oil Supply Outlook: Supply Growth Through 2030 with No Peak Evident

Discussion in 'News / Current Events' started by KenH, Nov 18, 2009.

  1. KenH

    KenH
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    The Future of Global Oil Supply: Understanding the Building Blocks
    Author: Peter M. Jackson
    OIL SUPPLY--WHAT BLUEPRINT FOR THE FUTURE?

    The controversy surrounding future oil supply can be divided into two components: a determination of the factors that will drive the much-debated future of oil supply and then, longer term, a consideration of consequences and the actions required when oil supply eventually plateaus. IHS CERA identifies a number of critical observations at the core of this analysis of future supply:
    • Supply evolution through 2030 is not a question of resource availability.
    • IHS CERA projects growth of productive capacity through 2030, with no peak evident.
    • There is no unique picture of the course of future of supply: we are dealing with a complex, multicomponent system.
    • Aboveground drivers—economics, costs, service sector capability, geopolitics, the timing and nature of government decision making, and, centrally of course, investment—are crucial to future supply availability.
    • Market dynamics will remain highly volatile.
    • The upstream oil industry faces major challenges in finding new oil and turning discoveries into commercial production.
    Full report at www.cera.com/aspx/cda/client/report/report.aspx?KID=5&CID=10720
     
  2. targus

    targus
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    Ken, where have you been?

    Oil supply is a non-issue.

    With global warming, we aren't supposed to even use it anymore.

    2030...?

    Haven't you heard - we'll all be toast by then anyway. :rolleyes:
     

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