Using the term 'oil supply crunch' as opposed to 'peak oil', this British report indicates that the oil crisis will hit by 2013, with prices jumping to $200/barrel. It states that the problem is not insufficient oil but obstacles to its extraction.
"While there is plenty of oil in the ground, companies and governments were failing to invest enough to ensure production," according to the Chatham House report.
"In reality, the only possibility of avoiding such a crunch appears to be if a major recession reduces demand - and even then such an outcome may only postpone the problem," author Professor Paul Stevens said in The Coming Oil Supply Crunch.
From report (pg. 9):
"The main hypothesis of this report is simple. Unless there is a collapse in oil demand sometime within the next five to ten years, the world will experience a serious oil ‘supply crunch'. This will be nothing to do with below ground resource constraints or arguments to do with ‘peak oil'. Rather, it will be the result of inadequate investment by international oil companies (IOCs) and national oil companies (NOCs) which means that below-ground oil resources will not be converted into producing capacity."
Chatham House press release: The Coming Oil Supply Crunch
Chatham House Report: The Coming Oil Supply Crunch (38-page PDF)
Thanks to John Hartz
FULL STORY: Oil 'could hit $200 within years'
Op-ed in NYT Claims Peak Oil is Bad Science
Energy consultant Michael Lynch argues that there are upwards of 10 trillion barrels of oil out there, as opposed to the 2 trillion that peak oil proponents recognize.
Protests, Riots Go Global as Fuel Costs Soar
Protests both peaceful and violent are breaking out across Europe and Asia as people's livelihoods begin to suffer from soaring fuel costs, and some stores are running out of food as truck drivers go on strike.
Use or Misuse of the Strategic Petroleum Reserve?
Rising gasoline prices prompted President Biden to announce on October 19 that he was authorizing the release of 15 million barrels of crude oil from the nation's Strategic Petroleum Reserve.
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Denver's New High-Rise Integrates Vertical Canyon in Architectural Design
Unlike other new builds in Denver, Colorado, a new high-rise reveals a unique “sculptural canyon” running vertically through the facade to foster a sense of community and connection to nature.
California E-Bike Rebate Program Launches — Again
After a series of fits and starts, CARB says the program will begin accepting applications this month.
Analysis: Localized Upzoning Less Effective
Changing zoning rules for a small number of parcels can increase land values and housing costs without boosting the housing supply.
Amtrak Breaks Ridership Record in FY 2024
More Americans than ever rode the rails last year, also bringing the agency its highest ticket revenue.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
Heyer Gruel & Associates PA
Caltrans
American Planning Association, Sustainable Communities Division
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners