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DTSTART:20051030T030000
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UID:www.bayceer.uni-bayreuth.de-bayceer-t53313id
DTSTAMP:20260917T050052Z
DESCRIPTION:With crude oil prices hovering at or above $75 a barrel\, more 
 people are looking for alternative sources of energy. Others are asking ho
 w long existing sources will last. Despite the almost quadrupling of the o
 il price since 2002\, the world still seems reluctant to accept that high 
 oil prices are not just a consequence of Chinese demand\, temporary shorta
 ges of refining capacity\, political instability in the Middle East\, and 
 the occasional hurricane.\nQuite differently\, many experts think the peak
  in global oil production could be reached some time between now and 2010\
 , others that it will come between 2010 and 2020. Own research\, however\,
  indicates that the peak had already been reached in 2004 if we factor in 
 what is described as ³OPEC²s inflated proven oil reserves´.\nIn this lectu
 re will be discussed that the sustained high oil prices since 2002 might b
 e an early indication of a serious global supply-demand imbalance brought 
 about by ³peak oil´. It is also argued that the slowdown in oil production
  may have already started\; the current price fluctuations for crude oil a
 nd natural gas may be the preamble to what may be the ³final energy crisis
 ´. Unconventional oil production may not be able to delay the decline in g
 lobal conventional oil production but could only ameliorate it.  It is con
 cluded that peak oil is not only a reality but is already impacting on oil
  prices\, the world economy and the global energy security.\n-------------
 -----------------------------------\n*Dr Mamdouh G. Salameh is an internat
 ional oil economist\, a consultant to the World Bank in Washington DC and 
 a technical expert of the United Nations Industrial Development Organizati
 on (UNIDO) in Vienna. Dr Salameh is Director of the Oil Market Consultancy
  Service in the UK and a member of both the International Institute for St
 rategic Studies (IISS) in London and the Royal Institute of International 
 Affairs. He is also a member of the Energy Institute in London.
DTSTART;TZID=Europe/Berlin:20061019T161500
DTEND;TZID=Europe/Berlin:20061019T235959
LOCATION:H6
SUMMARY:Dr. Mamdouh G. Salameh\, Director of the Oil Market Consultancy Ser
 vice in the UK: Global Oil Depletion & the Impending Oil Shortage
TRANSP:TRANSPARENT
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