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Must read: Oil exploration and discovery - are we peaking or not?

Is global oil production peaking? The peak oil debate has been going on for a number of years. Depending on how production and exploration numbers are presented, and also depending on who you talk to (NGO, oil industry, government, economist), you may either be convinced that oil will peak soon, or that we have plenty of it.

My colleague Roland Horne recently wrote an excellent summary of this problem, which he presented at the International Forum on Higher Education and Energy at China University of Petroleum last month. You can download it here. A very highly recommended read. It will help you put this debate in perspective.

Whatever is happening at this time, there is no doubt in my mind that we must reduce demand (efficiency!), and make a bold move towards electric transport. To enable electric transport we must invest heavily in renewable energy production. An electric transport future based on coal paints a very bleak picture also.

Read the document, and send me any comments and questions. This is a very important topic and a good one to debate further.

Comments

Commenting on the paper: Need to think bigger

This is a good general survey of the issues and not much can be debated about these rather balanced findings. I would say though that the general tone is a bit too optimistic for several reasons.

The information I have been digesting from ASPO and others indicates that we really do have a good idea of how much oil there is--about 2.5Tbbl--or was when drilling started in Titusville, PA in 1859. I agree with the author that we've used about 1 Tbbl but I question whether there will ever be a third or fourth Tbbl found. Moreover, the current global climate crisis suggests that even if such vast amounts of oil were found, burning it would be suicidal for our species, not to mention the fact that what you burn cannot be made into plastics, rubber, paints, dyes and everything else we depend on in a modern world.

Shale and tar sands are tempting targets but they represent several challenges including eROI, which the author alludes to and ecological damage from burning fossil fuels to cook the sands and bitumen, to the vast amounts of water needed to process it and the severe ecological damage that comes with strip mining the stuff out of the earth.

More than anything this paper's approach while well intended is that of a paradigm extender. It asks and answers the question of how we extend the life of the current energy paradigm, thus preserving the huge investment in infrastructure. The paper hints at the "trillions of dollars" required to build a new, electricity dominated infrastructure and then leaves it for some future generation to worry about.

The primary evidence supporting paradigm extension is the fiction that coal or any other fossil fuel can be made clean. Why invent a "Rube Goldberg" contraption to capture CO2? Why not simply cease producing it and encourage the biosphere to absorb it? There has been enough scientific research performed that shows that iron fertilization in the deep equatorial ocean is a possibility. The process needs some engineering work and the question arises Why not spend our engineering resources on biosphere CO2 absorption instead of carbon sequestration by mechanical means? After all, the oil in the ground was placed there by biosphereic processes.

When the author speaks about renewables, he omits any mention of enhanced geothermal systems (EGS), which is a grave mistake. Until we admit the need, for and relatively straightforward use of, EGS we will be in a situation where dirty fossil fuels like coal are required for power generation because they are needed to provide base load power. In such a scenario renewables can only provide power at the margin due to their weather related unpredictability. EGS cuts the Gordian Knot that ties fossil fuels and pollution to our need for electricity. Time to cut it.

All in all a good paper if it stimulates more discussion, but not a great one if you are looking for realistic solutions.

Thanks.

Re: Need to think bigger

Dear Denis,

Great comments. Yes, of course, we need to think bigger sooner. I fully agree that we should not, most certainly not, look at fossil fuels as our future research. Roland I know agrees. He is in fact an expert on geothermal energy.
The purpose of the document was to put the discussion on peak oil in perspective, especially the debate on when oil production could peak. If, as some argue, this can happen very soon, it will have significant short to medium term effects, whether or not we are moving towards an electricity based society.

To me, the crucial questions are how we can in the fastest possible way wean ourselves of hydrocarbon fuels *and* secure the hydrocarbon supply in the process. We can move, and should move, to a electricity based transport system with electricity generated by renewables. Hydro, geothermal, and tidal (if we can develop this in the long run) are base load providers, but wind and solar can also contribute to baseload by distributed or combined systems with storage.
However, in the meantime, no matter what we do, we will be needing fossil fuels. People argue a lot about the scale of this transition period. My guess is that it takes a couple of decades at least to wean ourselves off completely. In the next 5-10 years, our consumption of oil and gas can only to a small extent be decreased: we are simply not ready for an electricity based society, and it is hardly possible to stop countries such as China and India from growing their demand.
There are quite a few experts around who believe that in the next 2-5 years or 2-10 years, say, we will encounter a global oil crisis because of peak oil. I believe that we will indeed encounter a crisis of some sort with supplies falling short, which if we are not careful can greatly affect geopolitics.
In any case, because of that, I think that a peak oil debate, even in isolation of renewables, is good.

thanks

Thanks Margot euh.... Roland.