{"id":13860,"date":"2015-10-27T06:46:35","date_gmt":"2015-10-27T11:46:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13860"},"modified":"2015-10-27T06:46:35","modified_gmt":"2015-10-27T11:46:35","slug":"looking-back-10-years-after-peak-oil","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13860","title":{"rendered":"Looking Back 10 Years After Peak Oil"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/looking-back-10-years-after-peak-oil\/\" target=\"_blank\">Looking Back 10 Years After Peak Oil<\/a><\/h3>\n<div class=\"entry-meta\"><\/div>\n<\/header>\n<div class=\"entry-content\">\n<p>All views expressed here are those of Verwimp Bruno and do not<em>\u00a0necessarily<\/em>\u00a0represent those of Ron Patterson.<\/p>\n<p>1. INTRODUCTION<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/10\/Introduction.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9910\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/10\/Introduction.jpg\" alt=\"Introduction\" width=\"691\" height=\"413\" \/><\/a><\/p>\n<p>Peak Oil is the moment in time when, on a global scale, the maximum rate of oil production is reached.\u00a0The moment after which oil production, by nature, must decline forever. Since Earth is a closed system,\u00a0next to this production (supply) event, there must be an equal demand event: Peak Oil Consumption.\u00a0Since there are no substantial above ground deposits, Peak Oil Production and Peak Oil Consumption must\u00a0coincide. The world consists of a lot of different countries, some of which are already far beyond peak oil\u00a0production That leads to the assumption the world as a whole reaches peak oil production. On the\u00a0demand side, it is worth looking, because different countries have different economies, different degrees of\u00a0development, and so on, if, while some countries still experience significant growth in oil consumption,\u00a0some countries are already well beyond Peak Oil Consumption by now.<span id=\"more-9896\"><\/span><\/p>\n<p>2. PRODUCTION vs CONSUMPTION<\/p>\n<p>The production history of crude oil is well documented. For all relevant OPEC and NON-OPEC countries\u00a0the data are gathered by Peakoilbarrel.com here,\u00a0<a href=\"http:\/\/peakoilbarrel.com\/opec-crude-oil-production-charts\/\">OPEC Charts<\/a>, and here,\u00a0<a>Non-OPEC Charts<\/a>, respectively. It is clear some countries\u00a0have reached peak oil production long time ago. For readers of this blog, familiar with these data, this is no surprise. Still world oil production is growing, because some countries make up for the countries that are\u00a0losing production. Many readers of Peakoilbarrel.com wonder when the exact moment will be when global\u00a0oil production will have reached that ultimate peak.\u00a0But how relevant is that moment? Will it bring doom, gloom, the end of motoring, plastics and tooth paste.\u00a0It might be more interesting to know whether your country is before, beyond or at Peak Oil Consumption\u00a0right now. And what about coal and natural gas?<\/p>\n<p>\u2026click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Looking Back 10 Years After Peak Oil All views expressed here are those of Verwimp Bruno and do not\u00a0necessarily\u00a0represent those of Ron Patterson. 1. INTRODUCTION Peak Oil is the moment in time when, on a global scale, the maximum rate of oil production is reached.\u00a0The moment after which oil production, by nature, must decline forever. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[264,10273,10274,10275,1039,595,10276,617,6245,6073],"class_list":["post-13860","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-energy-consumption","tag-european-consumption","tag-fsu-consumption","tag-north-america-oil-consumption","tag-oil-consumption","tag-oil-production","tag-peak-consumption","tag-peak-oil","tag-peak-oil-barrel","tag-world-oil-production"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13860"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13860\/revisions"}],"predecessor-version":[{"id":13861,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13860\/revisions\/13861"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}