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.
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 production.
Not exact matches
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.
Environmentalists warn the planet is
nearing «
peak meat»
production, as global demand strains the limited resources available to raise animals.
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).
For what it's worth, Jevons predicted the
peak in U.K. coal
production — but the consequences were nowhere
near as dire as he predicted 50 years beforehand.
They are intended to maximise the energy output from the Hywind turbines by mitigating
peaks and troughs in
production, storing surpluses at times when the grid is at or
near full capacity and unable to accept further injections of electricity.
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 % / year
So while 2016 is expected to be another strong
production year, most life insurers remain very focused on managing risks, particularly in some property sectors and geographic areas that may be
nearing the
peak.