Word: peaking
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World oil production is about to reach a peak and go into its final decline. For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of cheap oil, few people listened. Lately, several major oil companies seem to have got the message. One of Chevron's ads says the world is currently burning 2 bbl. of oil for every barrel of new oil discovered. ExxonMobil says 1987 was the last year that we found more oil worldwide than we burned. Shell reports that it will expand its Canadian oil-sands...
...technology cannot eliminate the difficulty Hubbert identified: the rate of producing oil depends on the fraction of oil that has not yet been produced. In other words, the fewer the fish in the pond, the harder it is to catch one. Peak production occurs at the halfway point. Based on the available data about new oil fields, there are 2,013 billion bbl. of total producible oil. Adding up the oil produced from the birth of the industry until today, we will reach the dreaded 1,006.5-billion-bbl. halfway mark late this year. For two years, I've been...
...effort to save Newt reached a peak last week with the release of a letter signed by Representatives Porter Goss of Florida and Steve Schiff of New Mexico, the two Republicans on the four-member ethics subcommittee responsible for investigating Gingrich. As such they were the only Republicans with firsthand knowledge of the range of evidence against him. In their letter they announced their intention to vote for Gingrich and said they knew of "no reason now, nor do we foresee any in the normal course of events in the future, why Newt Gingrich would be ineligible to serve...
...playwright’s life at the end of the 16th century. “If Shakespeare was in love in 1599,” Shapiro writes, “it was with words.”And Shakespeare’s love of words reached a passionate peak that year. In a 12-month span, Shakespeare finished “Henry the Fifth, “Julius Caesar,” and “As You Like It,” on top of which he wrote a draft of “Hamlet...
...Everyone has their peak and I think we’re sliding down the hill...