Oil Supply and the Economy (Part 1 - Demand Forecasts)

In June 2008, I made a presentation to the Canadian Society of Exploration Geophysicists in Calgary. If you want to hear the talk - it is available on the link shown below.

(Warning - Perhaps this is something best considered for a night when you are having trouble falling asleep!)

The most important part of the talk is near the end, and it goes something like this:

World-wide energy demand has increased steadily every year since the beginning of the industrial age and forecasts indicate that this growth in energy demand will continue at the nearly same rate until at least 2030. This projected increase in energy consumption is based on economist’s assumptions of steady growth in the world-wide economy.

(Link to presentation for those brave souls who might be interested: http://cseg.ca/events/luncheons/2008/06jun/20080616-Hirsche.cfm )