PEAK OIL:"Hello, World! I am here."

Below are two slides Cut & Paste from the "Association for the Study of Peak Oil and Gas" ASPO 2010 World Oil Conference.

The first slide shows that we have gone passed the first half of the Age of Oil as we know it...
Where in this first half of the Oil Age:
* Oil is located on-shore or near to shore,
* In vast reservoirs called giants and super-giants oil field,
* Mainly consist of Light & Sweet Crude Oil,
* Inexpensive to produce which cost around $1 to $10/barrel.
(These had become history)


Whereas in this second half of the oil age which are are now at...* Oil fields are far offshore or deep underground,* Scattered in hard to reach, yet small reservoirs,
* Mainly consist of Heavy and Sour Crude oil,
* Much more expensive to produce which cost $80 and more per barrel.

(This is what we are going to face)
Original Source of slide by Andre Angelantoni, Title: Where Are We Now?: <- The following slide is a Zoom-in of the chart to have a more detail view of current oil production scenario... It shows that there in not much spare oil production capacity in this world.


There are more presentation slides can be found in the following link. Which cover various aspects, such as Peak Oil Preparation and Investment topics, with over 30 presentations:->


For those who are first time to come across the topic of Peak Oil or not too familiar with it, the following is AN EXCELLENT 60 minutes video presentation by Congressman Roscoe Bartlett in the House in 2005. This important and valuable information had been overshadowed by few other major events, such as housing bubbles and Wall Street crisis... As these economy issues actually help to destroy oil demand to a certain extend and mitigate the oil price. But, the problem is still there, and it will re-surface with bigger trouble in these few years time frame... Possibly anytime now.

Part 1 of 7

Part 2 of 7, Part 3 of 7, Part 4 of 7, Part 5 of 7, Part 6 of 7, Part 7 of 7

…By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD. - Congressman Roscoe Bartlett at ASPO-USA World Oil Conference, 7 Oct 2010.
Link to Congressman Roscoe Bartlett Keynote Presentation Slides: <- Click Here


Below is a PowerPoint slide that introduce the peak oil concept to beginner. It has to be downloaded with PowerPoint format in order to see some of the animation...
A brief introduction to PEAK OIL.pps (<-: Download link from 4shared site)





Another Important Point is that...
None of the government in the world has formerly inform their citizens on this issue, and try to openly form organization figure out the solution. It is up to individual to share information (books, documentary, blog, etc) in the internet or self-organized group, such as ASPO to fan out the information... Example...



Data Speaks for itself:-> PDF Link <-
^Click on the Picture to ZOOM IN for better clarity:^


Oil Supply vs Stock Market in the History

Note: Since Money is a very flexible things nowadays, which means the printing of it can get very fast... and when the money flow into the Stock Market, it raise the index. So, it is not necessary that the market will go down... Only the future can tell.



Our World Governments Response to Peak Oil


Or they will have to give up the 2nd term, and
the following video is an good example.

video



"My father rode a camel. I drive a car.
My son flies a jet airplane.
His son will ride a camel."
- Saudi Saying


Note:
Many people think that Gold or Silver can preserve "Value"... That could be true during the process of change. And, ultimately, the world economy is fueled by energy.

As the Black Gold (oil) is now getting less and less, it would just cost more and more. Eventually, who has the power to control the oil supply, who dictates the rule of the game.


Relevant Article:
-> A Catch-22 Situation: Human Population On Earth <-


------------------------------------Added on Aug 2012--------------------------------

Here is an Alternative view about the Peak Oil... <-

------------------------------------ Added on Sep 2013 -------------------------------
One of the Best Presentation on the Subject on Peak Oil by  Matthew Simmons.




------------------------------------ Added on 04 Dec 2013 -------------------------------

US shale oil hides crude oil peak in rest of world   (<- charts="" click="" for="" link="" more="" p="" the="">




































The above link with an article by Matt Mushalik has more insight on how the current state of crude oil production and trending...










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