Some new voices pronouncing predictions of peak oil have distinctly Arabic accents. Researchers from the University of Kuwait with the Kuwait Oil Company have published a new study titled Forecasting World Crude Oil Production Using Multicyclic Hubbert Model (abstract here) that names 2014 as the fateful year when conventional crude oil production will peak. That's pretty close to the Domenick Yoney
Sir Richard Branson has kicked around quite a few green transportation projects over the years – he loved then hated biofuels for cars (some biofuel production methodss, at least), his Virgin Airlines Sebastian Blanco
A doctoral dissertation by Fredrik Robelius of the Uppsala University in Sweden contends that global oil production will reach its peak yield as early as next year before falling into decline. The thesis, which attempts to estimate the largest oil fields' future production, is based on Robelius's investigation of historical oil production, new oil field discovery and global reserves. The world's largest, or giant, oil fields number less than
Click on the image for a gallery of high-res images of the hydrogen-powered Honda FCX Concept.
Over at the OilDrum.com there is an interesting and potentially disturbing look at Saudi oil production in 2006. Looking at data from a number or different sources (where the exact numbers vary but the trend is definitely the same), crude oil production in Saudi Arabia dropped eight percent in the past year. Although this is not the first time their output has dipped, one interesting graph shows oil production and the number of drilling rigs operating since 2000. The amount of oil pumped has rem
Lithium ion battery technology is all the rage when talking about future vehicle propulsion systems. Everybody wants lithium ion batteries because so far they are the only electro-chemical batteries devised that come close to providing the energy density necessary to be truly useful for passenger vehicles. There are lots of promising variations that may be able to improve the lifespan and chargeability of such cells, but one question has remained unasked. At least until now. The ability of the e
At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with a 4.5 trillion barrel global potential, there is enough to maintain current consumption levels for 140 years.
