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The Oil Drum was published by the Institute for the Study of Energy and Our Future, a Colorado non-profit corporation. [2] The site was a resource for information on many energy and sustainability topics, including peak oil , and related concepts such as oil megaprojects , Hubbert linearization , and the Export Land Model .
The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
The Export Land Model, or Export-Land Model, refers to work done by Dallas geologist Jeffrey Brown, building on the work of others, and discussed widely on The Oil Drum. [1] It models the decline in oil exports that result when an exporting nation experiences both a peak in oil production and an increase in domestic oil consumption. In such ...
Oil accounts for a large percentage of the world's energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East. Other geographic regions' consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%).
With the dawning of the so-called Atomic Age many observers in the mid-20th century believed that the Oil Age was rapidly coming to an end. [10] The rapid change to atomic power envisioned during this period never materialized, in part due to environmental fears following high-profile accidents such as the 1979 Three Mile Island accident, the 1986 Chernobyl disaster and the 2011 Fukushima ...
A Cubic Mile of Oil is a 2010 book by Hewitt Crane, Edwin Kinderman, and Ripudaman Malhotra. The title refers to a unit of energy intended to provide a visualizable scale for comparing large amounts of energy. Defined as the energy released by burning a cubic mile of oil, a "CMO" is approximately equal to 1.6 × 10 20 joule.
Oil drum may refer to: Drum (container), a cylindrical container used for transporting bulk goods such as oil and fuel; The Oil Drum, an energy discussion website
Global energy consumption, measured in exajoules per year: Coal, oil, and natural gas remain the primary global energy sources even as renewables have begun rapidly increasing. [1] Primary energy consumption by source (worldwide) from 1965 to 2020 [2] World energy supply and consumption refers to the global supply of energy resources and its ...