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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 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 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 ...
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 ...
Energy consumption in the body is a product of the basal metabolic rate and the physical activity level. The physical activity level are defined for a non- pregnant , non- lactating adult as that person's total energy expenditure (TEE) in a 24-hour period, divided by his or her basal metabolic rate (BMR): [ 2 ]
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%).
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