Darfot, projections of peak oil production couldn't account for new technologies. Technologies, for example, that allowed a higher extraction rate, better localization, deeper depth, etc.
The next horizon for energy production will be the use of other sources of hydrocarbons for energy and the development of "stranded gas" to supply energy.
We wouldn't be even be having a discussion about peak oil if the numbers included such things as methane deposits, stranded gas, oil shale/sands, etc. Methane hydrate deposists, for example, are estimated at twice the total global amount of reserves of gas+oil+coal (!). Maybe you can say that we can't produce this resource yet. But did you know that APC recently spudded the first methane hydrate well in Alaska?
fossil.energy.gov
Peak oil production may be here (I doubt it), but we are far from peak hydrocarbon production.
BTW, ng going under 5 soon. |
