15 Nov 2010:
World Oil Supplies
Have Already Peaked, Study says
The International Energy Agency says that the world has already reached its peak oil production
, a surprising conclusion that could have significant effects on future oil prices. In its annual report
Click to enlarge
International Energy Agency
Projected liquid energy sources, 2010 to 2035
group suggests that production rates likely topped out at about 70 million barrels a day in 2006. Two years ago, the group projected that conventional oil production would likely climb slowly for decades to come. The new analysis does not predict imminent shortages and projects that oil production will reach an “undulating plateau” of about 68 to 69 million gallons per day from 2020 to 2035. But the study says that as oil production levels off and begins to decline, global demand for liquid energy supplies will climb by 20 percent in the coming decades. That new demand will have to be met with other sources of energy, such as oil from tar sands, liquid natural gas, or biofuels, the report says.
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A look at how acidifying oceans could threaten the Dungeness crab, one of the most valuable fisheries on the U.S. West Coast. Watch the video.
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An aerial view of why Europe’s per capita carbon emissions are less than 50 percent of those in the U.S. View the photos.
An indigenous tribe’s deadly fight to save its ancestral land in the Amazon rainforest from logging. Learn more.
video series looks at the staggering amount of food wasted in the U.S. – a problem with major human and environmental costs. Watch the video.
Residents of the Chocó Rainforest in Ecuador are choosing to plant cacao over logging in an effort to slow deforestation.
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Tribal people and ranchers join together to stop a project that would haul coal across their Montana land. Watch the video.