Environmental Physics PHYS 1149
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This 8 page Class Notes was uploaded by Geo Mayer on Monday October 12, 2015. The Class Notes belongs to PHYS 1149 at Georgia Southern University taught by Anand Balaraman in Fall. Since its upload, it has received 27 views. For similar materials see /class/222054/phys-1149-georgia-southern-university in Physics 2 at Georgia Southern University.
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Date Created: 10/12/15
Peak Oil Peak Oil Phenomena 1956 MKing Hubbert develops a Logistic model to study the depletion of oil Using this model he accurately predicted that the US oil production excluding Alaska would peak between 1965 and 1970 It is applicable for any nonrenewable resources According to this model the production rate as a function of time is a logistic distribution curve which has three important features An initial exponential growth phase Peak is attained when 50 of the reserve is exploited Steep decline in production US oil Production E w C I q I E 5 5 History of Oil Usage 1964 Discovery Peaks 45 years ago 1965 1973 Annual per capita consumption rises from 345 545 Bblperson 1972 US production peaks 2 Peak per capita consumption amp Consumption overtakes production 29 years ago Today we find 1 Bbl for every 4 Bbl consumed 1973 1982 Decline of per capita consumption 1983 2007 Stabilizes at a constant value 2008 Drops by 06 Also published world reserves of oil fields fell by BGBbls for the first time World Oil Production 2008 818 M Bblday World Oil Consumption 2008 84455 M Bblday Discovery Peak Figure 5 Oil discaveries have been declining since 1964 4ng Q l IQOCI 1516 1am H939 1194f 1951 mm mm 1956 20139 EMU m EDI H I E E E m bi 1 um um minis an L g 1 E 1 x jDiswvew lExtrapo atiun Mate Wurld nil discontenr War hvear ue ads lav Malian for tha 511th DI Peak Oil and 635 World Oil Production Curve 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Production since 2002 Total World Oil Production 12 Mnnth Centmd MawIna Avcrage Dana USA I105 ELA 114115 February 2038 m 4 m 1quot 5 m D 3 m E E m m 3955 E 2 E Consequence of Reaching Peak OIL PRODUCTION normally matches oil demand SHORTAGES and World Oil INCREASING Production f 1 I 1 PRICE PRODUCTION reaches a maximum and declines peaks