Skip to main content

US Army leads UK government on peak oil

The link is to a US Army report from 2005 in which on page 8 it says:

The oil market will remain fairly stable in the very near term, but with steadily increasing prices as world production approaches its peak. The doubling of oil prices
from 2003-2005 is not an anomaly, but a picture of the future. Oil production is approaching its peak; low growth in availability can be expected for the next 5 to 10
years. As worldwide petroleum production peaks, geopolitics and market economics
will cause even more significant price increases and security risks. One can only
speculate at the outcome from this scenario as world petroleum production declines.
The disruption of world oil markets may also affect world natural gas markets since
most of the natural gas reserves are collocated with the oil reserves.


Whereas the official UK government position remains no problem until 2030.

Comments

Jock Coats said…
Yet there was a story just the other day that Brazil had just discovered what it estimated could be the third largest reserves in the world off their Atlantic coast!
John Hemming said…
And your point is?

Popular posts from this blog

Its the long genes that stop working

People who read my blog will be aware that I have for some time argued that most (if not all) diseases of aging are caused by cells not being able to produce enough of the right proteins. What happens is that certain genes stop functioning because of a metabolic imbalance. I was, however, mystified as to why it was always particular genes that stopped working. Recently, however, there have been three papers produced: Aging is associated with a systemic length-associated transcriptome imbalance Age- or lifestyle-induced accumulation of genotoxicity is associated with a generalized shutdown of long gene transcription and Gene Size Matters: An Analysis of Gene Length in the Human Genome From these it is obvious to see that the genes that stop working are the longer ones. To me it is therefore obvious that if there is a shortage of nuclear Acetyl-CoA then it would mean that the probability of longer Genes being transcribed would be reduced to a greater extent than shorter ones.