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Peak Oil and other threatening peaks--Chimeras without substance

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  • Radetzki, Marian

Abstract

The Peak Oil movement has widely spread its message about an impending peak in global oil production, caused by an inadequate resource base. On closer scrutiny, the underlying analysis is inconsistent, void of a theoretical foundation and without support in empirical observations. Global oil resources are huge and expanding, and pose no threat to continuing output growth within an extended time horizon. In contrast, temporary or prolonged supply crunches are indeed plausible, even likely, on account of growing resource nationalism denying access to efficient exploitation of the existing resource wealth.

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  • Radetzki, Marian, 2010. "Peak Oil and other threatening peaks--Chimeras without substance," Energy Policy, Elsevier, vol. 38(11), pages 6566-6569, November.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:11:p:6566-6569
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    References listed on IDEAS

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    Cited by:

    1. John Vogler & Hannes R. Stephan, 2013. "Governance dimensions of climate and energy security," Chapters, in: Hugh Dyer & Maria Julia Trombetta (ed.), International Handbook of Energy Security, chapter 14, pages 297-318, Edward Elgar Publishing.
    2. Carla Susana A. Assuad, 2020. "Understanding Rationality in Sustainable Development Decision-Making: Unfolding the Motivations for Action," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1086-1119, September.
    3. Keron Niles & Bob Lloyd, 2014. "Using power sector reform as an opportunity to increase the uptake of renewable energy in the power sector: Responding to peak oil and climate change in Caribbean and Pacific small island developing S," Natural Resources Forum, Blackwell Publishing, vol. 38(1), pages 14-26, February.
    4. Lutz, Christian & Lehr, Ulrike & Wiebe, Kirsten S., 2012. "Economic effects of peak oil," Energy Policy, Elsevier, vol. 48(C), pages 829-834.
    5. Delannoy, Louis & Longaretti, Pierre-Yves & Murphy, David J. & Prados, Emmanuel, 2021. "Peak oil and the low-carbon energy transition: A net-energy perspective," Applied Energy, Elsevier, vol. 304(C).
    6. David J. Murphy & Charles A.S. Hall & Michael Dale & Cutler Cleveland, 2011. "Order from Chaos: A Preliminary Protocol for Determining the EROI of Fuels," Sustainability, MDPI, vol. 3(10), pages 1-20, October.
    7. François Meynard, 2014. "‘Peak Oil’ as Classical Economic Process," Energy & Environment, , vol. 25(5), pages 863-879, July.
    8. Jakobsson, Kristofer & Bentley, Roger & Söderbergh, Bengt & Aleklett, Kjell, 2012. "The end of cheap oil: Bottom-up economic and geologic modeling of aggregate oil production curves," Energy Policy, Elsevier, vol. 41(C), pages 860-870.
    9. Bentley, Roger & Bentley, Yongmei, 2015. "Explaining the price of oil 1971–2014 : The need to use reliable data on oil discovery and to account for ‘mid-point’ peak," Energy Policy, Elsevier, vol. 86(C), pages 880-890.

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