Page added on December 18, 2008
When will oil production peak and begin to decline? And what will come after?
When will oil production peak and begin to decline? Scientists, engineers and economists have debated the point for years, on the assumption that emissions of carbon dioxide into the atmosphere will decline when less oil is burned.
Not so, says Ken Caldeira, a climate scientist with the Carnegie Institution in Stanford, Calif. That assumes society switches to low-carbon fuel. But there’s a good chance society will jump to the most abundant fuel around: Coal, which emits 25 to 50 percent more carbon dioxide per energy unit than petroleum, according to the Energy Information Administration.
The reality, Caldeira said, is that we will never run out of oil. As it becomes scarcer and more expensive to extract, industry will switch to other fuels for economic reasons. The danger is that coal will likely appear to be the cheapest alterative.
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