The Centre for Global Energy Studies

Long-term oil supplies 2010

Author: Dr Manouchehr Takin
Published: 19 January 2010

A global oil supply crunch is being predicted by some industry experts. If these forecasts prove true, the shortfall will have a significant effect on the global economy and the energy industry. The CGES’ study Long-term oil supplies – is a global crunch inevitable? examines the likelihood of a supply crunch, the factors that could contribute to it and the means of avoiding it.

Long-term oil supplies – is a global crunch inevitable? is an in-depth enquiry into the notion that the world will face an oil supply crunch. Warnings of an impending crisis and the suggested measures to avoid it have serious implications for both the public and the private sectors, especially energy and oil. When this might happen is not well defined. Some believe it is imminent, while others expect it in the next decade or so. Yet, unwarranted forecasts of an oil shortage could distort business decision-making and public policies and disrupt the normal patterns of energy and oil investment.

The CGES’ study examines this key issue, with an emphasis on the long-term prospects for world oil supplies. It offers a detailed analysis of global oil reserves, the issue of peak oil and the cost of oil production. An assessment is also made of the role of advanced technology, key investment decisions and managerial and institutional improvements aimed at increasing world oil supplies.

The study covers:

World oil reserves and resource
The boost to OPEC’s oil reserves in the 1980s
Potential for new discoveries and raising the recovery factor
The current and expected decline in world oil production
The relationship between international and national oil companies
The size and potential of non-conventional oil
The decline in the oil intensity of many economies
Policy implications for oil companies and governments of oil-rich countries
The well-researched examination of the prospects for global oil supplies found in the CGES’ study Long-term oil supplies – is a global crunch inevitable? will help you understand what is required to ensure ample oil resources are discovered, developed and supplied to the world and that there is a smooth transition to a possible post-oil era. This study will prove invaluable for top executives and decision-makers in the energy industry, as well as government planners and politicians interested in energy, oil and the environment.