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Title: Have We Run Out of Oil Yet? Oil Peaking Analysis from an Optimist's Perspective
Publication Number:
Publication Date: 12/2005
Publication Type: Report/Publication
Contact: Phil DiPietro
Program/Technology: Oil & Natural Gas
Other
Author: Charles J. Drummond (NETL)
David L. Greene (ORNL)
Janet L. Hopson (ORNL)
Jia Li (ORNL)
Synopsis:

This study addresses concerns on the peaking of conventional oil production. These issues are explored using a model combining alternative world energy scenarios with an accounting of resource depletion and a market-based simulation of transition to unconventional oil resources. The model assesses the timing and rate of transition from conventional to unconventional oil resources. Results indicate a high probability of peaking or constrained conventional oil production before 2025.

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