Peak Oil, Sustainability and Economic Collapse – Oil Zenith resources

I’ve just been made aware of this new website which offers a collection of some of the best resources on the web about peak oil, sustainability and economic collapse. I’ve already included some of these links in my resources list, but this website is something else altogether. I think I could get lost in there for days. Check it out –>

Oil Zenith

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5 comments

  1. It’s a small world 🙂 Thomas Krenshaw (who runs Oil Zenith) commented on my blog the other day. Lot’s of good content for sure.

  2. Any discussion about oil prices over the next decade must include an attempt to quantify emerging economy demand as an important driver at the margin. Here is a simple thought experiment using Chinese demand to give some idea of the magnitude of the supply issues we face:
    – China moves from 3 bbls/person/year to the South Korean per capita consumption level of 17 bbls/person/year
    – Transition takes 30 years
    – No peak in global production

    In next 10 years we must find 44 million BOPD. If you superimpose peak production on top of this demand profile using the following parameters oil prices would increase approximately 250% in real terms over next 10 years:
    – Oil demand elasticity of -0.3
    – Current production 84 million BOPD, current price US$ 80
    – Peak production 100 million BOPD
    – Post peak decline rate of 3-4%

    If you want to try the model for yourself using your own assumptions it can be found at Petrocapita Income Trust:
    http://www.petrocapita.com/index.php?option=com_content&view=article&id=128&Itemid=86

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