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Event Details
Global Oil Depletion:
An assessment of the evidence for a near-term peak in global oil production
Wednesday 7th October, UK Energy Research Centre, 58 Prince’s Gate, London, 3pm-5pm
Keynote speaker: Bernie Bulkin, Commissioner for Climate Change, Energy and Transport, Sustainable Development Commission
The UK Energy Research Centre’s (UKERC) Technology and Policy Assessment team invite you to the launch of its latest research report.
The 'peak oil' debate is polarised, contentious and characterised by competing interpretations of the available data. A growing number of commentators are forecasting a near-term peak in global oil production with potentially serious economic impacts. Others, however, argue that production will be sufficient to meet rising demand well into the 21st century.
The report seeks to bring some clarity to this debate by addressing the following question: What evidence is there to support the proposition that the global supply of 'conventional oil' will be constrained by physical depletion before 2030?
The report finds
§ Despite large uncertainties in the available data, sufficient information is available to allow the status and risk of global oil depletion to be adequately assessed. But the available methodologies can frequently lead to underestimates of resource size and overly pessimistic forecasts of future supply.
§ The rate of decline of production is accelerating. More than two thirds of existing capacity may need to be replaced by 2030 solely to prevent production from falling.
§ While large resources of conventional oil may be available, these are unlikely to be accessed quickly and may make little difference to the timing of the global peak.
§ A peak in conventional oil production before 2030 appears likely and there is a significant risk of a peak before 2020. Given the lead times required to both develop substitute fuels and improve energy efficiency, this risk needs to be given serious consideration
The event will be held at 58 Prince’s Gate, Exhibition Road, London SW7 2PG, from 3pm until 5pm when refreshments be served.
If you have any questions, please email Angela Knight (angela.knight@ukerc.ac.uk)
The event will be held at 58 Prince’s Gate, Exhibition Road, London SW7 2PG, from 3pm until 5pm when refreshments be served
When & Where
UKERC
Prince's Gate
(off Exhibition Road)
SW7 2PG Westminster
United Kingdom
Wednesday, October 7, 2009 from 3:00 PM to 5:00 PM (GMT)
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Hosted By
UK Energy Research Centre
The UK Energy Research Centre is the focal point for UK research on sustainable energy. It takes an independent, whole-systems approach, drawing on engineering, economics and the physical, environmental and social sciences.
The Centre's role is to promote cohesion within the overall UK energy research effort. It acts as a bridge between the UK energy research community and the wider world, including business, policymakers and the international energy research community and is the centrepiece of the Research Councils Energy Programme
