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Peak Oil vs. Fracking Revolution
World Energy Peak Oil vs. Fracking Revolution
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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?
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1. What us peak oil – View in 2005
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http://www. simmonsco-intl
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2. Current situation in USA – view in 2015
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2014/15 Supply Increase 1 minute
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What is happening to US Oil Prodution?
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What’s the Future More Oil but growth from non-conventional sources
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Fracking Helps U.S. Crude Production Rise to Highest Point Since 1998
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But still near past Peak Production
Future Expectation Range
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But US still will be an importer
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3. Where is this new oil & Gas coming from
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Stimulous for additional Oil & Gas
Price Technology
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Arrival of non-conventional means and resources
Natural Gas Reserves
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What the future may hold
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Horizontal Drilling and Fracking, what is it?
Chesapeake Energy horizontal drilling method Fracking:
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4. Future
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We’ve dogged the conventional Fossil Fuels Peak, but…
China and India on the horizon
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All developing countries want theirs
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What else is on the horizon?
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BP Statistical Review of World Energy 2015 in 2 minutes
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