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Ten Reasons to Take Peak Oil Seriously

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  • Robert J. Brecha

    () (Physics Department, Renewable and Clean Energy Program, Sustainability, Energy and the Environment (SEE) Program, University of Dayton, Dayton, OH 45469-2314, USA)

Abstract

Forty years ago, the results of modeling, as presented in The Limits to Growth , reinvigorated a discussion about exponentially growing consumption of natural resources, ranging from metals to fossil fuels to atmospheric capacity, and how such consumption could not continue far into the future. Fifteen years earlier, M. King Hubbert had made the projection that petroleum production in the continental United States would likely reach a maximum around 1970, followed by a world production maximum a few decades later. The debate about “peak oil”, as it has come to be called, is accompanied by some of the same vociferous denials, myths and ideological polemicizing that have surrounded later representations of The Limits to Growth . In this review, we present several lines of evidence as to why arguments for a near-term peak in world conventional oil production should be taken seriously—both in the sense that there is strong evidence for peak oil and in the sense that being societally unprepared for declining oil production will have serious consequences.

Suggested Citation

  • Robert J. Brecha, 2013. "Ten Reasons to Take Peak Oil Seriously," Sustainability, MDPI, Open Access Journal, vol. 5(2), pages 1-31, February.
  • Handle: RePEc:gam:jsusta:v:5:y:2013:i:2:p:664-694:d:23578
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    References listed on IDEAS

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    Cited by:

    1. repec:gam:jeners:v:10:y:2017:i:11:p:1858-:d:118630 is not listed on IDEAS
    2. repec:eee:trapol:v:65:y:2018:i:c:p:5-18 is not listed on IDEAS
    3. repec:gam:jsusta:v:9:y:2017:i:6:p:1003-:d:101115 is not listed on IDEAS

    More about this item

    Keywords

    peak oil; natural resource limits; non-conventional oil;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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