Energy Read: Renewable Energy Facts and Fantasies – Peak Oil

Renewable energy books can get outdated pretty fast as the clean technology industry is still in its infancy; I try not to quote energy books without an edition younger than five years. The format of these posts: as I progress through the book I will post 3-5 interesting quotes per chapter.

Shields, C. (2010). Renewable Energy Facts and Fantasies. USA: Clean Energy Press.


Five quotes from the Peak Oil chapter:

“ ‘Peak Oil’—the concept that the world’s supply of effectively extractable oil is declining.”

“I basically said that I think within 20 years most of the OPEC producers will not be able to export oil anymore, because their internal use is rising fast and their internal supply flow is shrinking.”

“Well, the proof points begin with a number of very important key oil producers. Nobody’s data is perfectly accurate because of the way we measure oil flows, but take the North Sea’s for instance. This was the last great significant new frontier; between the two big producers in that area—Norway and the UK—in 1999 the North Sea produced 6.1 million barrels a day and today it’s down to about 2.5. Mexico’s Canterell field peaked in 2005 at 2.2 million barrels a day and today it’s 500,000 barrels a day. The North Slope peaked at 2 million barrels a day in 1989 and today they struggle with about 600,000 barrels a day.”

“Crude oil is 72 million barrels per day. Total petroleum is about 85. So we are squeezing out the rest through a bunch of miracles. The 72 is going to drop to 60 within the next 5 to 10 years. While we at the very minimum have a world that is expecting to use 105 to 120 million barrels a day two decades from now.”

“I’ve never asked anyone that who has never run out of gas, and I’ve never had someone say “No, no, I knew I was going to run out of gas”. You just forget to look at your gas gauge. We have no national—let alone global—gas gauge.”

Next energy post: 3-5 quotes from the Energy and National Security chapter of Renewable Energy Facts and Fantasies.

To order Renewable Energy Facts and Fantasies, by Craig Sheilds, 2010: $15 for paperback and $8 for ebook.

Photo Credit: madaboutasia

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