Oil Depletion Debate: Peak Oil: What the Issue is About Video, Audio, & Papers

Oil & Gas Journal

Hess Cheif: Action needed to avoid oil crisis

http://www.odac-info.org/article/hess-chief-action-needed-avoid-oil-crisis

"Given the long lead times of at least 5-10 years from discovery to production, an oil crisis is coming and sooner than most people think. Unfortunately, we are behaving in ways that suggest we do not know there is a serious problem," Hess said...With OPEC now down to 2.5 million b/d of spare capacity, Hess said, "We no longer have the safety margin for supply interruptions and demand spikes to ensure price stability. OPEC, with approximately two thirds of the world's proven conventional crude reserves and one third of its production capacity, certainly has the resource base to relieve the pressure." However, he said, "All oil producers—OPEC and non-OPEC alike—simply are not investing enough today to ensure sufficient capacity to meet oil needs in the next 10 years."

T. Boone Pickens discusses the future of energy

http://video.google.com/videoplay?docid=-8438421234681559490&q=t+boone+pickens&ei=7rJaSNzbKKXQ4AK-2vz2CQ

Richard Heinberg discusses the basics of peak oil, energy crisis, and economic collapse

http://www.dailymotion.com/video/x5sohn_peak-oil-curriculum-oil-depletion-f

Debate on the Future of Energy Prices
http://video.google.com/videoplay?docid=8440308528190352152&q=t+boone+pickens&total=16&start=0&num=10&so=1&type=search&plindex=2
T. Boone Pickens and Steve Forbes debate the future of energy prices. Mr. Pickens, who had often correctly predicted the movement of oil markets, argued that global oil production was near its peak, making higher prices inevitable.

TheOilDrum: video interview

http://video.google.com/videoplay?docid=-8980485670494666459

http://video.google.com/videoplay?docid=6877220392806016387

Blood and Oil - trailer

http://www.youtube.com/watch?v=baeFRcciN1w

Oil ShockWave
simulation report and summary of findings · On June 23, 2005, a group of nine former White House cabinet and senior national security officials convened to participate in a simulated working group of a White House cabinet. Their task: to advise an American president as the nation grapples with an oil crisis over a seven-month period. As they enter the room, they are unaware of the circumstances or nature of the oil crisis.
"The real lesson here [is that] it only requires a relatively small amount of oil to be taken out of the system to have huge economic and security implications."
Robert M. Gates, oil shockwave national security advisor (currently acting Sec. of Defense) http://www.secureenergy.org/reports/oil_shock_report_master.pdf

Peak Oil - True or False

http://atlanticfreepress.com/index.php?option=com_content&task=view&id=3530&Itemid=81

The International Politics of Peak Oil
http://www.e-ir.info/?p=395
The above article explains the issue and then makes some predictions.

Prof Rick Smalley - Our Energy Challenge
Columbia University Nanoscale Science and Engineering Center presents "Our Energy Challenge" by Nobel laureate Professor Richard Smalley of Rice University.
http://video.google.com/videoplay?docid=-4626573768558163231
Power point presentation Smalley is using in the above lecture
http://smalley.rice.edu/emplibrary/columbia20030923.pdf

Caltech
Dr David Goodstein: Running out of Gas: The End of the Age of Oil
http://today.caltech.edu/theater/5602_bb.ram

FSN Expert Roundtable
"Energy Roundtable"
February 2, 2008
FSN Expert Roundtable
http://www.netcastdaily.com/broadcast/fsn2008-0202-2.ram
http://www.financialsense.com/Experts/roundtable/2008/0202.html

Citi Group Oil Report
February 4, 2008
http://peakoil.solarhorizons.com/reports/Citi-Oil-Report.pdf

WSJ (Wall Street Journal) on CERA "Study Shows Oil Production Down"
http://www.marketwatch.com/tvradio/bcPlayer.asp?bcpid=203719194&bclid=86272812&bctid=1379245336

the above video appear to be down but here's a link from Royal Dutch Shell that references the reporter's, Neil King Jr., report: http://royaldutchshellplc.com/2008/01/17/the-wall-street-journal-new-fields-may-offset-oil-drop

Basically, King reported that CERA's believes existing oilfields worldwide have an average decline rate of 4.5%. But at 85-86 million barrels per day that rate of decline is about an annual loss of 4 million barrels per day. Iran produces 4 million per day. So to keep annual production levels flat the global oil industry must bring to market the equivolent of a new Iran every year. CERA believe the industry is bring on line twice that amount and that global production will be 112 million by 2017 (9 years from the present 2008). But to reach that level and allowing for annual decline rates it will be necessary to bring to market the equivolent of 9 Saudi Arabias.

The Sad Record of Daniel Yergin and Cambridge Energy Research Associates
http://home.entouch.net/dmd/cera.htm

http://home.entouch.net/dmd/cera.h2.jpg

Group Bets $100,000 against CERA’s supply forecast
http://www.energybulletin.net/39973.html

The WSJ article on CERA oil decline study
Jan 28, 2008
by Dr Robert L. Hirsch
http://www.energybulletin.net/39620.html

Net Oil Exports Blog http://netoilexports.blogspot.com/

Heading for the Exit Lane by Jeff Rubin (June 26, 2008)
http://research.cibcwm.com/economic_public/download/sjun08.pdf

OPEC’s Growing Call on Itself by Jeff Rubin
http://research.cibcwm.com/economic_public/download/occrept62.pdf "The call on OPEC has long been referred to as a measure of pressure on world supply, being the difference between world demand and non-cartel production. But increasingly, what bears watching is OPEC’s growing call on itself, which is simply the difference between what OPEC produces and what it consumes. Not only is the cartel, along with other key producers like Russia and Mexico, struggling to grow production, but at the same time their own internal consumption rates of oil are soaring. So much so that crude exports from the group as a whole, accounting for roughly 60% of current world oil production, are likely to fall by as much as 2.5 million barrels per day by the end of the decade—resulting in significantly higher oil prices....."

Economic price/Supply/Demand model
http://www.youtube.com/watch?v=T7vGDwGLU7s

Dr Albert Bartlett
Understanding Exponential Growth in demand
"The Forgotten Fundamentals of the Energy Crises" http://www.npg.org/specialreports/bartlett_index.htm
http://www.guba.com/watch/3000053112

Four Corners Broadband - Peak Oil?
2005
http://www.abc.net.au/4corners/special_eds/20060710/

Crude - The Incredible Journey of Oil
http://www.abc.net.au/science/crude/

DOE: Hirsch Report
http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf
http://en.wikipedia.org/wiki/Hirsch_report
http://globalpublicmedia.com/node/615
http://media.globalpublicmedia.com/RAM/2005/11/Hirsch.20051117.ram

Dr Sadad Al-Husseini
Brown University PhD, former head of Saudi Armco’s production & exploration
November 1, 2007 interview
Page down to: Listen to the interview with Sadad al-Huseini.
http://www.davidstrahan.com/blog/?p=67
http://www.energybulletin.net/36510.html
In a revealing interview with journalist David Strahan at this year's Oil & Money Conference, former head of Saudi Arabian exploration & production Sadad Al-Husseini told the world that he now believes that the current level of world oil production will likely never be exceeded. Al-Husseini's view coincides with that of T. Boone Pickens, who stated at ASPO-USA's Houston conference that the world oil production peaked in 2006. The 85 million barrels per day of liquids available to the markets now is all we're ever going to get if these oil industry veterans are correct. With demand rising and supply flat, prices must rise. Accordingly, Al-Husseini believes that oil prices will rise by $12 per barrel per year from here on out, assuming a "base" price level of about $70 in 2007. The nominal price is now just above $92/barrel, so the difference must be due to the usual suspects cited by the mainstream media, including speculators, the weak dollar, rising Asian demand, resource nationalism, geopolitics in the Middle East, disruptions in Nigeria, and Iraq.

US Senate Committee Hearing on Peak Oil
Audio streams by (see: stream/download links)
1. Senator Richard G. Lugar Opening Remarks
2. James R. Schlesinger Testimony
3. R. James Woolsey Testimony
4. Question and Answer Session
http://www.globalpublicmedia.org/us_senate_committee_hearing_on_peak_oil