Sliding Down the Oil Curve: 
"The Chicken Little Scenario"

This is Part 1 of a series of articles by Rick Cowlishaw, LCGG Steering Committee Member, on Peak Oil.

(These are longer articles than a blog post, in Adobe PDF Format for downloading.)

We are very close to the point when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline. Most of the world is dependent on oil with no substitute in the near future. If global consumption is not mitigated before the peak, an energy crisis may develop because the availability of conventional oil will drop and prices will rise, perhaps dramatically. Page 1.

Part 1 of 8. (Just click on the link to read the article. Right-click or Control-click to save it.)

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This is Part 2 of a series of articles by Rick Cowlishaw, LCGG Steering Committee Member, on Peak Oil.

Part 2 of 8. (Just click on the link to read the article. Right-click or Control-click to save it.)

Forward: We have discovered in part 1 that peak oil is probably occurring now in 2010, and that there will be a large impact throughout the world in the near future. Different governments are just now beginning to take action, and the actions are far too little to have impact. In part 2 we will now look at the control of oil and the predictions of the Hirsch report.

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This is Part 3 of a series of articles by Rick Cowlishaw, LCGG Steering Committee Member, on Peak Oil.

Part 3 of 8. (Just click on the link to read the article. Right-click or Control-click to save it.)

In Part 3 we will discuss how peak oil affects us and how will huge the problem is. We are connected in a pyramid of ways to oil. Each of these will be strongly impacted.

In 2010 the world consumes about 87 million barrels of oil per day, or nearly 30 billion barrels of oil per year. It is doubtful if the world will be able to produce much more oil. After several years of maximum production, we should experience a 3 percent yearly decline[i]. There may be a 100 percent increase in the price of oil for every 3 percent drop in production.

More parts of this report will be posted in coming weeks.

[i] http://www.lifeaftertheoilcrash.net/