2006 Series 3 Number 7 Page 3
A Plan for Global Powerdown.
Richard Heinberg (see the second link below) originally published this six-age essay in his Museletter (see the third link below). In it, he explored how a global treaty (see the fourth link below to the Oil Deletion Protocol) on oil sharing could benefit all countries, but only if there were no freeloaders. He thought the treaty could provide economic stability and cooperation.
Mr. Heinberg provided come interesting figures for oil production to date, at the time, and expected in the future. He placed world production to that date at 994 gigabarrels (Gbbl), with 134 Gbbl expected left to find.
[Other sources now show world production since the year 1900 as 26.9 Gbbl. In 2024, it had risen to 31.1 Gbbl. Expected oil reserves were 1.7 terabarrels (Tbbl), having increased enormously as a result of new nonconventional resource exploitation capacities. Ed.]
[While the treaty never made it into international use, mainly as a result of new discoveries and global competing interests, its essence remains of possible use in future. Ed.]
[1 Tbbl = 1000 Gbbl. Ed.]
Link to | A Plan for Global Powerdown.
Link to | Biography for Richard Heinberg at the Post-Carbon Institute.
Link to | Heinberg’s Oil Depletion Protocol.
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