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www.kostic.niu.edu

Energy Challenges: Supply

find alternate sources

nuclear

renewable

EIA:     http://tonto.eia.doe.gov/FTPROOT/

presentations/long_term_supply/index.htm

1900

1950

2000

2050

2100

10

20

30

40

50

World Oil Production

2016

2037

2% demand growth

ultimate recovery:

3000 bbl

Hubbert’s Peak

when will production peak?

Oil: 30-50 yrs?

gas: beyond oil?

coal: > 200 yrs?

production peak

supply falls short of demand

oil becomes precious

price increases

global tension

Distinguish between “Estimated” (above) and “Proven” reserves (next slide)

1 TWyr = 31.56 EJ = 5.89 bbl

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