Author: aspo-usa

By itself, the concept of having to get by on just a little bit less oil each year seems to be manageable enough. Some think that a steadily, or even sharply, rising price will merely reduce demand and promote exploration and that everything will more or less normally work itself out through well understood market mechanisms. Perhaps it will, but I think the odds are stacked against a smooth transition to a future of less net energy.

This week, we would like to present our agenda for the 2011 ASPO-USA Conference – Peak Oil, Energy & the Economy to be held November 2-5 (Wednesday – Saturday) in Washington DC.

Wednesday is a pre-conference day featuring visits with Congressional offices and Congressional staff. Thursday will focus on the latest information on oil and energy trends, and analysis of their implications for the economy. Friday will focus on strategies and opportunities to adapt to a new energy and economic reality. Finally, Saturday will focus on interactive roundtable sessions where YOU will have in-depth discussions with speakers and other invited guests.

As we previously forecast, the decline in world oil production is likely to occur in the next 1-4 years, a year having passed since we forecast 2-5 years. Some believe that weak worldwide economic conditions will significantly extend the onset of decline. We believe that the delay will be essentially negligible.

Because of the myriad of variables, the timing of the onset of the decline of world oil production cannot be predicted with certainty. In the early 2000’s when we began our world oil production studies, we thought that future world oil production might peak sharply, similar to U.S. production, which sharply peaked in 1970.