I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Joined: Mar 04, 2005 Posts: 2729 Location: New Zealand
Posted: Wed Jul 23, 2008 1:58 am Post subject: The impact of peak oil on international development (UK rpt)
The impact of peak oil on international development (UK report)
Quote:
The All Party Parliamentary Group on Peak Oil (APPGOPO) was set up in July 2007 to review estimates of future oil production and consider the consequences of declining world oil production for the UK and world economy.
1 Executive Summary
The world is on the brink of an energy crisis that has drastic implications for people in the developing world. As almost every aspect of modern life is sustained by cheap energy, the impacts of rising oil prices will be profound.
Energy security has become a political priority for governments world-wide, a priority which needs to be reflected in the field of international development.
... Many cities1, and some nations2, realise that global Peak Oil is not only inevitable, but imminent. This paper argues that contingency planning now – and subsequent mobilisation
of training and adaptation of programme design – must be seen as a high priority.
This paper looks initially at Peak Oil and the likely political and economic impacts. Next it presents a series of proposals for practical strategies to build resilience in a time of sharply
rising energy prices. Viable alternatives are offered in food production, human settlement design and local energy security.
Global oil production is reaching its peak, critical decisions are needed to prepare communities everywhere for the dramatic and irreversible changes ahead. Carrying on with ‘business as usual’ is no longer an option.
energybulletin _________________ Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
Joined: Mar 04, 2005 Posts: 2729 Location: New Zealand
Posted: Wed Jul 23, 2008 9:41 am Post subject: Re: The impact of peak oil on international development (UK
Mods, Please delete this thread and merge the other two. _________________ Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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