Matt Simmons : A Peak into Real Oil Issues [Powerpoint]

PowerSwitch has made available the Powerpoint presentation from Matt Simmons’ speech at the Edinburgh 2005 conference (17 slides).

Click here to download

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Presentation by Colin Campbell : The Second Great Depression

PowerSwitch has made available free multimedia by one of the foremost authorities on Peak Oil:

Watch, listen and learn from Colin Campbell’s presentation, ‘The Second Great Depression‘ at the Edinburgh Peak Oil conference from April 2005. This is a 45minute long, 7mb flashmedia file mixing the PowerPoint slides with the audio from the talk. This is an excellent presentation and fully explains why we are approaching the peak, and what it means.
from www.powerswitch.org. posted with vodpod

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Note: audio begins about one minute into the presentation. Slides advance automatically.

Click here to view full screen (external window) – you may find pressing F11 to view it in full screen will help improve image quality.

To view the original PowerPoint presentation click here (42 slides)

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U.S. Dept of Energy confirms Peak Oil Crisis coming

A 91 page report prepared for the US Department of Energy (March 2005):

EXECUTIVE SUMMARY

The peaking of world oil production presents the U.S. and the world with an
unprecedented risk management problem. As peaking is approached, liquid fuel
prices and price volatility will increase dramatically, and, without timely mitigation,
the economic, social, and political costs will be unprecedented. Viable mitigation
options exist on both the supply and demand sides, but to have substantial
impact, they must be initiated more than a decade in advance of peaking.

Dealing with world oil production peaking will be extremely complex, involve
literally trillions of dollars and require many years of intense effort. To explore
these complexities, three alternative mitigation scenarios were analyzed:

• Scenario I assumed that action is not initiated until peaking occurs.
• Scenario II assumed that action is initiated 10 years before peaking.
• Scenario III assumed action is initiated 20 years before peaking.

Important observations and conclusions from this study are as follows:

1. When world oil peaking will occur is not known with certainty. A fundamental
problem in predicting oil peaking is the poor quality of and possible political
biases in world oil reserves data. Some experts believe peaking may occur soon.
This study indicates that “soon” is within 20 years.

2. The problems associated with world oil production peaking will not be
temporary, and past “energy crisis” experience will provide relatively little
guidance. The challenge of oil peaking deserves immediate, serious attention, if
risks are to be fully understood and mitigation begun on a timely basis.

3. Oil peaking will create a severe liquid fuels problem for the transportation
sector, not an “energy crisis” in the usual sense that term has been used.

4. Peaking will result in dramatically higher oil prices, which will cause protracted
economic hardship in the United States and the world. However, the problems
are not insoluble. Timely, aggressive mitigation initiatives addressing both the
supply and the demand sides of the issue will be required.

Read entire report (online) download (pdf)

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