Peak Oil vs. Fracking Revolution World Energy Peak Oil vs. Fracking Revolution

Outline What is Peak Oil – 2005 view Current situation in USA – 2013 view What is Horizontal Drilling and Fracking – non-conventional oil and gas What is the world’s future?

1. What us peak oil – View in 2005

http://www. simmonsco-intl http://www.simmonsco-intl.com/files/Capitol%20Hill%20-%20Depletion%20&%20Peak%20oil.pdf

2. Current situation in USA – view in 2015

2014/15 Supply Increase 1 minute https://www.youtube.com/watch?v=Y_YxQVEWX2w

What is happening to US Oil Prodution?

What’s the Future More Oil but growth from non-conventional sources

Fracking Helps U.S. Crude Production Rise to Highest Point Since 1998

But still near past Peak Production Future Expectation Range

But US still will be an importer

3. Where is this new oil & Gas coming from

Stimulous for additional Oil & Gas Price Technology

Arrival of non-conventional means and resources Natural Gas Reserves

What the future may hold

Horizontal Drilling and Fracking, what is it? Chesapeake Energy horizontal drilling method http://www.youtube.com/watch?v=vvRCYLnVWG8 Fracking: http://www.youtube.com/watch?v=qjP-K1VaI1k

4. Future

We’ve dogged the conventional Fossil Fuels Peak, but… China and India on the horizon

All developing countries want theirs

What else is on the horizon?

BP Statistical Review of World Energy 2015 in 2 minutes https://www.youtube.com/watch?v=IBAp9iy5UJg