What Is Peak Oil?
If you are in favor of renewable/CLEAN energy, please sign the petition page showing support for FIT/CLEAN Program at http://sunisthefuture.net/?page_id=1065 Thank you.
I am glad to see that our posts last week generated some interesting questions. One of our readers was inquiring about the terminology, Peak Oil:
Thanks, L., for asking about this very important while often confusing topic in the discussion of renewable and/or solar energy. Peak Oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. Peak oil is often confused with the oil depletion;peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply. This concept, derived from Hubbert Curve,
A logistic (continuous probability) distribution shaped production curve, as originally suggested by M. King Hubbert in 1956.
is based on observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The combined production rate from an oil field over time usually grows exponentially until the rate peaks and then declines, until the field is depleted. M. King Hubbert created and first used the models behind peak oil in 1956 to accurately predict that United States oil production would peak between 1965 and 1970. Did you know that United States used to be one of the largest exporters of oil and now United States is one of the largest importers of oil?
More questions will be answered in the following posts. Your comments and questions are always welcomed. Some times it may take a while before all of the questions are addressed, so please be patient with me.
Posted by sunisthefuture-Susan Sun Nunamaker, sunisthefuture@gmail.com
Homepage: http://sunisthefuture.net http://sunisthefuture.com http://sunisthefuture.org
Any comments and suggestions are welcomed at sunisthefuture@gmail.com
Please also get into the habit of checking at these sites below for more on solar energy topics:
www.youtube.com/user/sunisthefuture
www.kiva.org/team/sunisthefuture
www.facebook.com/sunisthefuture
www.pinterest.com/sunisthefuture
Tags: clean energy, global petroleum extraction, Hubbert Curve, M. King Hubbert, Peak Oil, renewable energy, Solar Energy, Sun Is The Future, sunisthefuture, sunisthefuture.com, sunisthefuture.net, susan sun nunamaker
April 26th, 2011 at 12:00 AM
Hi there, just became mindful of your weblog by way of Google, and found that it’s seriously informative. I’m going to watch out for brussels. I’ll appreciate if you continue this in future. Loads of persons will likely be benefited from your writing. Cheers!