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.
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
e360 on Facebook
Donate to e360
View mobile site
Subscribe to our newsletter
Subscribe to our feed:
Yale Environment 360
articles are now available in Spanish and Portuguese on Universia
, the online educational network. Visit the site.
Business & Innovation
Policy & Politics
Pollution & Health
Science & Technology
Antarctica and the Arctic
Central & South America
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.
is now available for mobile devices at e360.yale.edu/mobile
The Warriors of Qiugang
, a Yale Environment 360
video, chronicles a Chinese village’s fight against a polluting chemical plant. It was nominated for a 2011 Academy Award for Best Documentary Short.
Watch the video.
Top Image: aerial view of Iceland
. © Google & TerraMetrics.
, winner of the Yale Environment 360 Video Contest, documents the work of African researchers monitoring wildlife in Uganda's remote Bwindi Impenetrable National Park. Watch the video.