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  • 1
    Language: English
    Pages: 63 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2007/17
    Keywords: Transport
    Abstract: Statistical trends of oil intensity from individual countries and groups of countries show that an average increase of GDP of 3% per annum equates to a projected demand for liquids of 101 Million barrels per day (Mbpd) by the year 2030. This analysis shows that this demand cannot be fulfilled by production from current reserves and expected new discoveries. Two models to assess peaks in production of oil are considered: the depletion model (DM), and the giant field model (GFM). The DM model shows Peak Oil (the maximum rate of production) date in the year 2011 with 90 Mbpd. Adding GFM we develop a “Worst Case” scenario of a plateau in production for the next 5 to 7 years at a rate of 84 Mbpd. A more optimistic case in the “Giant High Case” scenario is a peak in 2012 at 94 Mbpd. A less steep increase demand can move the peak to 2018. Both models show an oil production rate of the order of 50 to 60 Mbpd by 2030. The demand for oil from countries that are importers is forecast to increase from current import levels of 50 Mbpd to 80 Mbpd. Saudi Arabia, Russia and Norway, today’s largest oil exporters, will experience a decline in their export volumes of the order of 4 to 6 Mbpd by 2030 because of (what?). The projected shortfall cannot be offset by exports from other regions. In a business-as-usual case, the shortage of fossil fuel liquids for transportation will be substantial by the year 2030. The necessary decisions for the economic transformation required to mitigate this decline in available oil supply should already have been made and efforts to deploy solutions under way. We have climbed high on the “Oil Ladder” and yet we must descend one way or another. It may be too late for a gentle descent, but there may still be time to build a thick crash mat to cushion the fall.
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  • 2
    Language: English
    Pages: 20 p. , 21 x 29.7cm
    Series Statement: OECD/ITF Joint Transport Research Centre Discussion Papers no.2007/18
    Keywords: Transport
    Abstract: The increase of carbon dioxide (CO2) in the atmosphere is coursed by an increasing use of fossil fuels; natural gas, oil and coal. This has so far resulted in an increase of the global surface temperature of the order of one degree. In year 2000 IPCC, Intergovernmental Panel on Climate Change, released 40 emission scenarios that can be seen as images of the future, or alternative futures. They are neither predictions nor forecasts and actual reserves have not been a limited factor, just the fossil fuel resource base. This paper is based on realistic reserve assessments, and CO2 emissions from resources that cannot be transformed into reserves are not allowed. First we can conclude that CO2 emission from burning oil and gas are lower then what al the IPCC scenarios predict, and emission from coal is much lowers then the majority of the scenarios. IPCC emission scenarios for the time period 2020 to 2100 should in the future not be used for climate change predictions. It’s time to use realistic scenarios. Climate change is current with more change to come, and furthermore, climate change is an enormous problem facing the planet. However, the world’s greatest problem is that too many people must share too little energy. In the current political debate we presumably need to replace the word “environment” with “energy”, but thankfully the policies required to tackle the energy problem will greatly benefit the environment.
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