Literature Review on Oil Depletion

I’ve spent some of the last few months studying oil depletion. It’s less about models and more about strategy, information and international politics. The Geologists are mainly pessimistic, predicting peak oil soon. The economists are more optimistic, maybe because they think you can throw money at any economic problem (i.e. by higher prices) and get more oil. Ultimately though, once non-OPEC oil is gone (which must happen first, because OPEC hold much more reserves), OPEC hold all the cards and nobody can predict what they’ll do. Read my full PDF.

Advertisements

2 Responses to Literature Review on Oil Depletion

  1. Adam Luciano says:

    Really interesting.

  2. Eric Tham says:

    Right now with shale oil (not oil shale) and with the recent findings in Bakken and Eagle Ford, the USA is even expected to be an oil exporter. But read James Hamilton’s paper http://dss.ucsd.edu/~jhamilto/handbook_climate.pdf. No amount of technological innovation can stop peak oil from occuring.
    But given that shale oil and gas are in a way totally different resources – will it be different this time?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: