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Hubbert's Peak: The Impending World Oil Shortage Paperback – October 19, 2008
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From Scientific American
In Hubbert's Peak, Deffeyes writes with good humor about the oil business, but he delivers a sobering message: the 100-year petroleum era is nearly over. Global oil production will peak sometime between 2004 and 2008, and the world's production of crude oil "will fall, never to rise again." If Deffeyes is right--and if nothing is done to reduce the increasing global thirst for oil--energy prices will soar and economies will be plunged into recession as they desperately search for alternatives.
It's tempting to dismiss Deffeyes as just another of the doomsayers who have been predicting, almost since oil was discovered, that we are running out of it. But Deffeyes makes a persuasive case that this time it's for real. This is an oilman and geologist's assessment of the future, grounded in cold mathematics. And it's frightening. Deffeyes's prediction is based on the work of M. King Hubbert, a Shell geologist who in 1956 predicted that U.S. oil production would peak in the early 1970s and then begin to decline. Hubbert was dismissed by many experts inside and outside the oil industry. Pro-Hubbert and anti-Hubbert factions arose and persisted until 1970, when U.S. oil production peaked and started its long decline.
The Hubbert method is based on the observation that oil production in any region follows a bell-shaped curve. Production increases rapidly at first, as the cheapest and most readily accessible oil is recovered. As the difficulty of extracting the oil increases, it becomes more expensive and less competitive with other fuels. Production slows, levels off and begins to fall.
Hubbert demonstrated that total U.S. oil production in 1956 was tracing the upside of such a curve. To know when the curve would most likely peak, however, he had to know how much oil remained in the ground. Underground reserves provide a glimpse of the future: when the rate of new discoveries does not keep up with the growth of oil production, the amount of oil remaining underground begins to fall. That's a tip-off that a decline in production lies ahead.
Deffeyes used a slightly more sophisticated version of the Hubbert method to make the global calculations. The numbers pointed to 2003 as the year of peak production, but because estimates of global reserves are inexact, Deffeyes settled on a range from 2004 to 2008. Three things could upset Deffeyes's prediction. One would be the discovery of huge new oil deposits. A second would be the development of drilling technology that could squeeze more oil from known reserves. And a third would be a steep rise in oil prices, which would make it profitable to recover even the most stubbornly buried oil.
In a delightfully readable and informative primer on oil exploration and drilling, Deffeyes addresses each point. First, the discovery of new oil reserves is unlikely--petroleum geologists have been nearly everywhere, and no substantial finds have been made since the 1970s. Second, billions have already been poured into drilling technology, and it's not going to get much better. And last, even very high oil prices won't spur enough new production to delay the inevitable peak.
"This much is certain," he writes. "No initiative put in place starting today can have a substantial effect on the peak production year. No Caspian Sea exploration, no drilling in the South China Sea, no SUV replacements, no renewable energy projects can be brought on at a sufficient rate to avoid a bidding war for the remaining oil."
The only answer, Deffeyes says, is to move as quickly as possible to alternative fuels--including natural gas and nuclear power, as well as solar, wind and geothermal energy. "Running out of energy in the long run is not the problem," Deffeyes explains. "The bind comes during the next 10 years: getting over our dependence on crude oil."
The petroleum era is coming to a close. "Fossil fuels are a one-time gift that lifted us up from subsistence agriculture and eventually should lead us to a future based on renewable resources," Deffeyes writes. Those are strong words for a man raised in the oil patch. For the rest of us, the end of the world's dependence on oil means we need to make some tough political and economic choices. For Deffeyes, it means he can't go home again.
Paul Raeburn covers science and energy for Business Week and is the author of Mars: Uncovering the Secrets of the Red Planet (National Geographic, 1998). --This text refers to an out of print or unavailable edition of this title.
Honorable Mention for the 2001 Award for Best Professional/Scholarly Book in Geography and Earth Science, Association of American Publishers
Praise for the previous edition: "Deffeyes has reached a conclusion with far-reaching consequences for the entire industrialized world. . . . The 100-year reign of King Oil will be over."--Fred Guterl, Newsweek
Praise for the previous edition: "Deffeyes makes a persuasive case. . . . This is an oilman and geologist's assessment of the future, grounded in cold mathematics. And it's frightening."--Paul Raeburn, Scientific American
Praise for the previous edition: "Deffeyes writes with the taut reasoning of a scientist and the passion of someone raised in the industry. His background is ideal for this subject, and the book is a gem. . . . Read Hubbert's Peak--it's better to know what lies ahead than to be surprised too late to respond."--Brian J. Skinner, American Scientist
Praise for the previous edition: "A persuasive prophecy. Hubbert's story is important and needs to be told. I suspect that historians in years to come will recognise Hubbert's Peak as a historical turning point."--Tim Burnhill, New Scientist
Praise for the previous edition: "A most readable handbook. . . . If [Deffeyes] is right we have, at most, two or three years in which to prepare for yet another price shock, and to accelerate our move away from oil as fuel. The strength of the book lies in its solid background and well-explained basis for that single prediction."--Stuart Young, Nature
Praise for the previous edition: "An important new book."--Robert Kuttner, Boston Globe
Praise for the previous edition: "[Some] experts . . . worry that the global peak in production will come in the next decade. . . . A heavyweight has now joined this gloomy chorus. Kenneth Deffeyes argues in a lively new book that global oil production could peak as soon as 2004."--The Economist
Praise for the previous edition: "Deffeyes, using Hubbert's methodology, shows that the trajectory of world reserves is closely following the pattern of U.S. discovery and depletion, with just a few decades' lag. Drilling deeper, in more remote locations, and with more elaborate technologies won't tap reserves that don't exist. . . . America's energy policy needs to tilt away from oil and in favor of conservation, new technology, and domestic renewables. The time to act is now, before the next wave of gas lines and rationing is upon us."--Robert Kuttner, Business Week
Praise for the previous edition: "There are few things as important nowadays as the energy system, and few books on the subject as thought provoking as this one."--J.R. McNeill, Wilson Quarterly
Praise for the previous edition: "We have long been told that fossil fuels wouldn't last forever, but Deffeyes hypothesis is still startling: Sometime during the next decade, the supply of oil won't keep up with the demand. Because of its broad impact Hubbert's Peak is a must-read for almost everyone--scientists, policy-makers, environmentalists, people who buy cars."--Ann Wagner, NationalJournal.com
Praise for the previous edition: "An ideal freshman reading assignment in any geology course concerned with energy, geological resources, public policy, general science applications in our modern world, or similar topics. All teachers, from high school through graduate level, in all natural sciences, political science, government, business, and engineering courses should read this book and encourage their students to consider its ramifications in their fields."--C. John Mann, Journal of Geoscience
Praise for the previous edition: "[A] small and delightfully readable book."--Choice
Praise for the previous edition: "Deffeyes's unsettling message is that, although society has been slow to respond to the Hubbert's Peak forecast of world oil decline, a permanent drop in oil production will nevertheless begin within the next decade. Humanity has a brief period in which to wean itself from crude oil, increase energy conservation, and design alternative energy sources."--Dan Johnson, The Futurist
Praise for the previous edition: "I commend this book . . . to anyone concerned about the future development of planet Earth."--John Parker, Geoscientist
Praise for the previous edition: "This book sends a message loud and clear: World petroleum production is going to peak within this decade, maybe as early as 2005, but no later than 2009 and there is hardly any way of escaping from this truth. . . . The book is accessible, easy to read and informative."--Subhes C. Bhattacharyya, Natural Resources Forum
Praise for the previous edition: "In the politics of oil, the left is passionately, sentimentally, tree-huggingly pro-environment, while the right shrugs as it climbs into its official mascot, the biggest sport utility vehicle available. . . . In the slide down Hubbert's Peak, political differences will matter less. If those who planned the Sept. 11 attacks know as much about economics as they do about aeronautics, their next target may be the Saudi Arabian oil fields, on which America, Asia, and Europe are overly dependent."--Martin Nolan, The Boston Globe
Praise for the previous edition: "An intelligent, briskly written and refreshingly nontechnical book."--John R. Alden, Baltimore Sun
Praise for the previous edition: "This book . . . should be read . . . by all politicians, by all students, no matter what their discipline, and indeed by anyone concerned about their grandchildren's welfare. Reading Hubbert's Peak is the intellectual equivalent of bungee jumping, being simultaneously exhilarating and terrifying."--R. C. Selley, Geological Magazine
Top Customer Reviews
Deffeyes energizes his readers by sweeping us easily through the denser strata of the complexities and developmental progress that built "Big Oil," but he also warns of relying on technology to save us in the future. Unlike many technological optimists, this life-long veteran of the industry concludes that new innovations like gas hydrates, deep-water drilling, and coal bed methane are unlikely to replace once-abundant petroleum in ease of use, production, and versatility. The Era of Carbon Man is ending.
A no-nonsense oilman blessed with a sense of humor, Deffeyes deftly boils his message down to the quick. Easily-produced petroleum is reaching its nadir, and although they are clean and renewable, energy systems like geothermal, wind and solar power won't solve our energy needs overnight. "Hubbert's Peak" represents an important aspect of the energy crisis, but it is only one factor in this multi-faceted problem that includes biosphere degradation, global warming, per-capita energy decline, and a science/industry community intolerant of new approaches to energy technology research and development. An exciting new book by the Alternative Energy Institute, Inc., "Turning the Corner: Energy Solutions for the 21st Century," addresses all of the components associated with the energy dilemma and is also available on Amazon.com.
Anyone who is concerned about what world citizens, politicians, and industry in the United States and international community must do to ensure a smooth transition from dependence on dangerous and polluting forms of energy to a more vital and healthier world, needs to read these books. Future generations rely on the decisions we make today.
Deffeyes expects the peak in world oil production at around 2005 but says it could come as early as 2003 or as late 2006. There is a fair amount of jitter in the year-to-year production so picking the exact peak is difficult. But he reminds us that the center of the U.S. Best fit curve was 1975 and the actual peak came in 1970. He says however, there is nothing plausible that could postpone the peak until 2009.
Of course Kenneth Deffeyes is not the only oil field geologist that is predicting an impending peak in world oil production, Colin Campbell, Jean Laherrere and several others have been doing that for several years. The data supporting the impending peak and decline is sometimes difficult to interpret but Deffeyes lays the data out in undeniable terms and in such a manner that the average layman can understand it.
The only problem I had with the book was I felt Deffeyes was overly optimistic as to the effects of the coming decline in world oil production. He sees only a decade or so of difficulties until we get over our dependence on crude oil. Many others however, who have looked more closely at the possibility of alternate sources of energy to replace cheap portable oil, find no possible replacement. And....most of these see nothing short of a worldwide holocaust a few years after the peak. They say the world's six billion people are supported by a network of food production and transport that will be impossible to maintain when oil production begins to drop and the price of the remaining oil begins to rise dramatically.
But by all means, BUY THIS BOOK. Not only will it convince you of the inevitability of the impending peak and decline in oil production, but also it will give you the ammunition and data to convince those around you, to convince them and give them time to make preparations for....for something I find too hard to even imagine.