Hermit's Path

Lessons from our ancestors about the countryside

Resilience

Wonder what life could look like when we’ve got one fourth the oil to use (projected level in 2030, see quote below) that we have today. Matt over at http://lifeaftertheoilcrash.net/ found this one. Closer to that than what we’ve got now I’d guess.

Matt Simmons, founder of Houston-based Simmons and Company Inter-national, criticised the report’s findings.

Simmons, a member of the council who provided input for the report, pointed to a graph showing oil production from existing reserves falling below 20 million barrels per day (bpd) by 2030 from current levels near 75m bpd.

In that chart, the addition of output from known reserves, enhanced oil techniques, unconventional sources like Canada’s oil sands and ‘exploration potential’ boosts the total to near 120m bpd by 2030.

“We don’t have any idea where those reserves are going to come from or how we are going to get them out of the ground,” Simmons said.

“The odds of this ever happening are zero.”

Research Credit: TheOilDrum.com

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