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CCF Seminar: The Global Oil Depletion Debate

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If you have a question about this talk, please contact Dr. S Prior.

With the rising price of oil, there is increasing concern that the world is rapidly reaching a peak in oil production that will be followed by a dramatic decline in supply. The case for global oil depletion includes the predicted (and realized) US 1971 production peak and decline, lagging global discoveries during the past 20 years, inflated reserve estimates, and the growing demand for oil in China and India. Counter arguments cite abundant oil resources, consistent upward revision in global reserve estimates, the declining trend in the price of oil over the past 100 years, more efficient use of the resource, and enormous untapped unconventional oil resources. The aim of this talk is to shed light on the arguments and fallacies concerning global oil depletion.

This talk is part of the Conservation Science Talks series.

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