NDLI: Predicting the Peak in World Oil Production

Content Provider	Springer Nature Link
Author	Cavallo, Alfred J.
Copyright Year	2002
Abstract	The US Department of Energy's Energy Information Administration (EIA) recently predicted that world oil production could continue to increase for more than three decades, based on the recent US Geological Survey (USGS) evaluation of world oil resources and a simple, transparent model. However, it can be shown that this model is not consistent with actual oil production records in many different regions, particularly that of the US, from which it was derived. A more careful application of the EIA model, using the same resource estimates, indicates that at best non-OPEC oil production can increase for less than two decades, and should begin to decline at the latest sometime between 2015 and 2020. OPEC at this point will completely control the world oil market and will need to meet increased demand as well as compensate for declining production of non-OPEC producers. OPEC could control the market even sooner than this, given its larger share of proven oil reserves, probable difficulties in transforming non-OPEC undiscovered reserves into proven reserves, and the converging interests of all oil producers as reserves are depleted. This has significant implications for the world economy and for US national security.
Starting Page	187
Ending Page	195
Page Count	9
File Format	PDF
ISSN	15207439
Journal	Natural Resources Research
Volume Number	11
Issue Number	3
e-ISSN	15738981
Language	English
Publisher	Kluwer Academic Publishers-Plenum Publishers
Publisher Date	2002-01-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Economic Geology Hydrogeology Math. Applications in Geosciences Sedimentology
Content Type	Text
Resource Type	Article
Subject	Environmental Science

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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