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.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
Dallas Surburb Bans New Airbnbs
Plano’s city council banned all new permits for short-term rentals as concerns about their impacts on housing costs grow.
Divvy Introduces E-Bike Charging Docks
New, circular docks let e-bikes charge at stations, eliminating the need for frequent battery swaps.
How Freeway Projects Impact Climate Resilience
In addition to displacement and public health impacts, highway expansions can also make communities less resilient to flooding and other climate-related disasters.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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.
