International Energy Agency accepts Peak Oil: An analysis of Chapter 3 of the World Energy Outlook 2004
2004 (English)Report (Other (popular scientific, debate etc.))
In the Summary, the IEA states: “Production of conventional oil will not peak before 2030 if the necessary investments are made”. But we find in Chapter 3 that a peak on this date is premised on the USGS Mean estimate of 2626 Gb (billion barrels) for remaining conventional oil (IEA include NGL, Natural Gas Liquid, in conventional oil), adding that if this estimate should prove too high, the peak of production would come by 2015 or before . It is very important to note that the IEA now accepts the notion that there is a peak in oil production, even if there is uncertainty as to the date. The range is from 2015 to 2033, coming even sooner if all the assumptions are not fulfilled. It follows that Governments are now on notice that they must make energy plans for the future that accept peak oil as a reality. That will be a departure from past practice.
Place, publisher, year, edition, pages
2004. , 21 p.
"peak oil", "depletion", "energy outlook"
IdentifiersURN: urn:nbn:se:uu:diva-73500OAI: oai:DiVA.org:uu-73500DiVA: diva2:101410