Chart of the Day: Peak Oil

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.

Stuart Staniford passes along a fascinating little finding:

If you go to the executive summary of the 2009 International Energy Agency World Energy Outlook, and search for “peak oil”, your browser will come up empty. The whole subject was so beneath the dignity of a serious energy agency that they didn’t even bother mentioning it.

However, yesterday, the 2010 IEA World Energy Outlook became available. And if you repeat the exercise in that executive summary, you will come upon a section titled:

Will peak oil be a guest or the spectre at the feast?

Followed by an explicit discussion of the whole question. The IEA’s position is summarized in the graph above — conventional crude oil production has already peaked in 2006! Suddenly, the subject of impending peak has gone from not worthy of discussion to in the past already!

So there you have it. Peak (conventional) oil has come and gone — though the IEA does still implausibly think that conventional production will basically plateau for the next 25 years. This is a remarkable coincidence, but I guess it’s progress of a sort. At least peak oil is no longer just a mad conspiracy theory.

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate