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  • dhrosier dhrosier Feb 15, 1998 5:39 PM Flag

    The end of Cheap Oil; Scientific America

    I inadvertantly left these out of the prior post. Note everything is copyright by Scientific American.

    QUICK ARTICLE SUMMARIES
    MARCH 1998

    SPECIAL REPORT:

    PREVENTING THE NEXT OIL CRUNCH

    Global production of oil from conventional sources is
    likely to peak and decline permanently during the
    next decade, according to the most thoughtful
    analyses. In these articles, industry experts explain
    why and describe technologies that could cushion
    against the shock of a new energy crisis.

    THE END OF CHEAP OIL
    Colin J. Campbell and Jean H. Laherr�re

    Forecasts about the abundance of oil are usually
    warped by inconsistent definitions of "reserves." In
    truth, every year for the past two decades the
    industry has pumped more oil than it has discovered,
    and production will soon be unable to keep up with
    rising demand.

    MINING FOR OIL
    Richard L. George

    Tarry sands and shales in Canada alone hold more
    than 300 billion barrels of petroleum, more than
    Saudi Arabia's reserves. Some companies can now
    extract that oil economically, while addressing
    environmental concerns over open-pit mining.

    OIL PRODUCTION IN THE 21ST CENTURY
    Roger N. Anderson

    Tracking the flow of underground crude,
    pressurizing dead wells and steering drills
    horizontally will help keep current oil fields alive.
    Meanwhile better engineering will open reserves
    under the deep ocean.

    LIQUID FUELS FROM NATURAL GAS
    Safaa A. Fouda

    Liquefied as gasoline, methanol or diesel fuel,
    natural gas can buffer the coming decline in crude
    oil. Technological improvements are making this
    conversion cheaper and more efficient.

 

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