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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 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 ...
Energy supply is the delivery of fuels or transformed fuels to point of consumption. [ citation needed ] It potentially encompasses the extraction , transmission , generation , distribution and storage of fuels .
Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy production, distribution and consumption. The attributes of energy policy may include legislation , international treaties, incentives to investment, guidelines for energy conservation , taxation and ...
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 ...
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 ...
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%).
Currently, between one and five barrels of oil are recovered for each barrel-equivalent of energy used in the recovery process. [43] As the EROEI drops to one, or equivalently the net energy gain falls to zero, the oil production is no longer a net energy source. [44] This happens long before the resource is physically exhausted.