Item of General Interest
July 11. I recently received word that an article that I am a co-author on was accepted by the academic journal "Energy." The name of the article is "An Oil Production Forecast for China Considering Economic Limits." The article talks about the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario, which is the under $50 per barrel scenario, oil production in China has already peaked.
Monthly Archives: March 2012
We live in a world with very limited solutions to our sustainability problems. I often hear the view, “If we would just get off fossil fuels, then our society would be sustainable.” Or, “If the price of oil would just … Continue reading
US natural gas prices are at record lows–about where they were in 1976, and at the low points in the 1990s, in today’s dollars (Figure 1). There are several reasons why US natural gas prices are so low: Our pricing … Continue reading
Figure 1 shows the huge increase in world energy consumption that has taken place in roughly the last 200 years. This rise in energy consumption is primarily from increased fossil fuel use. With energy consumption rising as rapidly as shown … Continue reading
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn’t rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? … Continue reading