Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Oil and gas in the capitals


    John McCaughey

    The issue of oil peaking is a curious one that excites attention in Washington, both among politicians and at the Pentagon. Its core notion is that global oil production is reaching a limit and will, thereafter, go into rapid decline. True believers see this happening as early as 2010. Skeptics say that the whole concept is bull—that the Stone Age did not end because of a shortage of stones, but because the Bronze Age came along. In other words, technology will see us through any problems. For once, believers and disbelievers are both right. Oil is a finite natural resource that will eventually, and by definition, run out. Recently, the Government Accountability Office (which is the old General Accounting Office that, for obscure reasons of political correctness, was renamed a few years ago) issued a report backing the peaking concept but—employing the old maxim that if you give a number . . .

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS