Conventional oil supplies peaked at about 70 million barrels a day in 2006 according to the IEA, and will hold steady until 2035. However demand, primarily from China, will require an increase of 20% in oil to be filled by 'unconventional' supplies.
Sure to be used as validation of 'peak oil' by some, the report also shows the importance of unconventional oil supplies, such as "Canada's tar sands and natural gas liquids".
"According to "the International Energy Agency, the Paris-based organization that provides energy analysis to 28 industrialized nations... the production of conventional crude oil...probably topped out for good in 2006, at about 70 million barrels a day."
A graph shows that crude oil "yet to be found or developed" will continue to keep the conventional supply at 70 million barrels until 2036.
"The 2010 edition of the World Energy Outlook was released on 9 November" and shows what governments must do to tackle world energy insecurity and climate change.
[Contributor's note: The article fails to distinguish China's oil consumption from its energy consumption, "which the report estimates is now the world's largest energy user" In 2007, the U.S consumed 20.68 million barrels daily; China: 7.6 million; total world consumption: 85 mb]
Thanks to Mark Boshnack
FULL STORY: Is ‘Peak Oil’ Behind Us?
Oil's Voodoo Economics: Reserves Grow As They're Depleted
Contrary to what would seem logical, estimates of oil and natural gas reserves may increase as they are depleted, as the new USGS assessment of recoverable oil reserves in the greater Bakken Basin shows. How does this square with peak oil theory?
Climate Concerns Largely Absent in Auto Showrooms
A consumer survey found that less than a third of respondents considered carbon emissions or the environment when they last purchased a motor vehicle, yet three-quarters of Americans consider climate change a major problem or crisis.
Energy Transformation Predicted in 12 Years
By 2030, the world's consumption of oil will drop due to increasing electric vehicle sales, according to a report by Bank of America. Other researchers disagree on the timeframe. The report is useful for highlighting the term, "peak oil demand."
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Why Should We Subsidize Public Transportation?
Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.
Invasive Insect Threatens Minnesota’s Ash Forests
The Emerald Ash Borer is a rapidly spreading invasive pest threatening Minnesota’s ash trees, and homeowners are encouraged to plant diverse replacement species, avoid moving ash firewood, and monitor for signs of infestation.
Agreement Keeps NYC Congestion Pricing Alive Through Summer
The tolling program will continue while a court considers the city’s lawsuit against the Trump administration.
Private Donations Propel Early Restoration of Palisades Playground
Los Angeles has secured over $1.3 million in private funding to restore the Pacific Palisades playground months ahead of schedule, creating a modern, accessible space that supports community healing after recent wildfires.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Ascent Environmental
Borough of Carlisle
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service