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Matt

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Presentation on theme: "Matt"— Presentation transcript:

1 Matt

2 Classical definition of peak oil: maximum oil production in time series Time Production P = 2Pm/(l+COSH(-b(t-tm)))

3 Reality: peak oil is a complex process, not an event limited to the year of global maximum production

4  In fields: (North Sea offshore)  Shale oil (Bakken)  Country level (UK)  Region (Middle East, South East Asia)  World Peak

5 Field: Forties

6 Field: Buzzard https://www.og.decc.gov.uk/pprs/full_production.htm

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19  Iran  Egypt  Syria  Sudan  Libya  Yemen  Indonesia

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39 Direct Imports Refined from imported crude Refined from indigenous crude We have 3 types of petrol:

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55 While we’re at it, let’s revisit evolution and gravity Alan Moir

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57  Peak oil projections are difficult  Financial and economic problems have already started in 2005, long before the global peak – whenever that is  Peak oil and global warming put us between a rock and a hard place  Oil and gas must be set aside for agriculture and transport of food  There are complex feed-back loops between oil production, oil prices, oil demand, the economy and debt  Disintegration of Middle East complicates everything  Governments neither prepare for peak oil nor global warming

58  We need a new, young generation of leaders who are oil, energy & climate literate  Are you interested in conducting research on the limitations of oil resources and C02?  Career path starting as advisor in energy industry, government or international organisations


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