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Title:	Have We Run Out of Oil Yet? Oil Peaking Analysis from an Optimist's Perspective
Publication Number:
Publication Date:	Dec 2005
Publication Type:	Report/Publication
Contact:	Phil DiPietro (Joseph.Dipietro@netl.doe.gov)
Program/Technology:	Oil & Gas Other
Author:	Charles J. Drummond (NETL) David L. Greene (ORNL) Janet L. Hopson (ORNL) Jia Li (ORNL)
Synopsis:	This study addresses concerns on the peaking of conventional oil production. These issues are explored using a model combining alternative world energy scenarios with an accounting of resource depletion and a market-based simulation of transition to unconventional oil resources. The model assesses the timing and rate of transition from conventional to unconventional oil resources. Results indicate a high probability of peaking or constrained conventional oil production before 2025.

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