Sentences with phrase «near peak oil»

We're nowhere near Peak Oil or Peak Gas — despite what some people were predicting a few years ago — and prices continue to plummet.

Alternatively, it could mean that being near peak oil there will be inertia in the system due to investments made in the infrastructure for coal - based energy, tar sands, shale, or what have you.

I know we are at or near peak oil production, but if we can put it in these terms (max 20 years of oil at current consumption rates).

Not exact matches

Back then, investment in the oilsands was nearing its peak, and oil producers had a huge human resources headache.

As we near peak summer driving season, American consumers would have worried a generation ago that such a meeting would be an impetus for a pullback in production, with oil exporters aiming to raise prices by limiting supply.

Another 16 % not only espoused the peak - oil view but said we will be unable to satisfy demand in the near future.

After crashing last year and then hitting several peaks and valleys, oil prices have traded within a relatively narrow range, with WTI bouncing around a bit above and below the $ 60 per barrel mark, and Brent staying near $ 64 per barrel.

While 90 - day annualized volatility of oil, around 50 %, is the highest since April last year, and is near its 2001 peak, it's not near the high levels of 2008 or 1991.

Takeaway: recent oil crash creates a long - term income opportunity for brave investors While it can be hard to buy equities in whatever industry is Wall Street's latest whipping boy, this is precisely the time, when pessimism and uncertainty are near their peak, that the best long - term investments are made.

The crude oil ETF, which invests in futures contracts, trades near its 10 - year low price of $ 10.48 as of Oct. 18, 2017, after peaking at more than $ 100 on Jan. 1, 2008.

Environmental groups are asking the Cuomo administration to stop a short line railroad from storing contaminated oil tanker cars on unused tracks near the Adirondack High Peaks.

They were reportedly short the crude oil market, and were forced buyers covering near the peak.

Net energy gain is going down (it's more energy intensive to pump oil out of deep water than out of a ground - based well under pressure) coupled with peak oil that is either here or near in time, and global warming mandates reducing carbon emissions.

I don't think anyone is seriously claiming that we're about to «run out» — rather, the claim made by the Peak Oil theorists is that we're at or near peak productPeak Oil theorists is that we're at or near peak productpeak production.

[A] paper by a former University of California Energy and Resources Group faculty member and a student now on the faculty at Stanford [«Risks of the oil transition,» A. E. Farrell and A. R. Brandt] lays this out in a figure where each axis alone is cause for major worry, and together, the carbon intensity / barrel combined with the fact that if unconventional oil is now part of the resource, we have a not near «peak oil, but are, in fact, only about 1 / 50th of the way through this resource.

There is a raging battle today about the size of fossil fuel reserves and resources, with «peakists» claiming that we are already at or near peak production of both oil and coal because the amounts of economically recoverable fuels in the ground are more limited than the fossil fuel industry has admitted.

The simplest explanation, of course, is that peak oil is either here or near.

Many reports have predicted that peak oil has been reached or will be reached in the very near future, which will drive these costs up further.

If the accuracy you require is, for instance, that a national peak oil model must predict the date of the peak within several months and be precise to the nearest 1,000 bbl / day, then indeed all predictions have failed and will continue to do so.

Since Boulder County's five - year embargo was lifted in May, there has been an application from 8 North LLC, a subsidiary of Extraction Oil and Gas LLC, for a state drilling and spacing order on a 1,280 - acre area between Arapahoe and Baseline roads in the Lafayette - Erie area; as well as a proposal from Crestone Peak Resources to drill on 12 square miles near U.S. 287 and Colo. 52 between Lafayette and Longmont.

e.g. See: Global Oil Depletion: An assessment of the evidence for a near - term peak in global oil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / yOil Depletion: An assessment of the evidence for a near - term peak in global oil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / yoil production UK Energy Research Centre 2009 Table 3.5 Estimates of production - weighted aggregate decline rates for samples of large post-peak fields (% / year) IEA 5.1 % / year Hook 5.5 % / year CERA 5.8 % / year

Hubbert's 1956 insight suggests total peak oil is near (around 2020), and that gas and coal will peak by midcentury.

I happen to think that Gilles is just plain wrong, but I also happen to think that Peak Oil presents a far more serious, and far nearer term, risk than AGW.

More on Peak Oil and Agriculture Jeremy Leggett on Peak Oil and Agriculture Food and Farming after Peak Oil: BBC Wales Takes a Long Hard Look BBC's Gardening Guru on Peak Oil and Climate Change More on Permaculture Permaculture Activist Backyard Permaculture in Oregon Sheet Mulching and More Bountiful Backyards: Edible Landscape Design A Permaculture Mini-Movie Permablitz: Near Instant Permaculture for the Burbs More on Community Solutions to Climate Change and Peak Oil Portland Peak Oil Activists and Local Politicians Work Together The Greenest Village in Britain?

While 90 - day annualized volatility of oil, around 50 %, is the highest since April last year, and is near its 2001 peak, it's not near the high levels of 2008 or 1991.