1. Skilling Up For Powerdown.

2. The Petroleum Interval

3. The Energy Slaves.

6. Where oil is and where it is not N.W Europe Oil Generating Zones

7. Where is it? Regular Oil

8. Where Does It Go?

9. What’s so great about oil? Incredibly energy dense. Incredibly energy dense. One gallon of oil (3.2kg) produces energy equivalent to: One gallon of oil (3.2kg) produces energy equivalent to: – 5kg of coal – 10kg of wood – 50 people toiling all day Stable at room temperature Stable at room temperature Easily stored and transported Easily stored and transported Low cost of extraction (initially) Low cost of extraction (initially) Versatile. Versatile. Abundant. Abundant. What’s so great about oil?

12. pop

13. US-48 Oil Discovery Peaked in 1930, Production in 1970 Peak to Peak - 40 years Peak Discovery

14. The North Sea Peak to Peak - 27 years

15. Russia Peak to Peak ~ 40 years Fall of Soviets

16. Irã

17. Discovery peaked 40 years ago Past discovery by ExxonMobil Past after Exxon-Mobil 3yr moving average

18. Production peaks follow discovery. ( You have to find it before you can produce it).

19. Exaggerated OPEC Oil Reserves… Source: BP Statistical Review of World Energy.

20. Average Daily production from OPEC countries Source EIA

21. No Spare Saudi Capacity… Source - EIA

22. World Production Stopped Increasing in late 2004. Source - IEA.

23. Existing Production in Decline… Source: BP Statistical Review of World Energy.BP Statistical Review of World Energy

24. Exxon Mobil 4 New Saudi Arabias!

26. Peak Gas? UK Energy Review 2006

27. Gas prices…

28. When?

29. Heat waves and periods of unusually warm weather Ocean warming, sea-level rise and coastal flooding Glaciers melting Arctic and Antarctic warming