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Peak oil in the light of oil formation theories

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  • Tsatskin, Alexander
  • Balaban, Oded

Abstract

The peak oil debate is underpinned by a biological paradigm of oil formation that generates a notion of fixed oil and gas reserves in the Earth's crust. However, the potential of the abiogenic theory of oil formation is underestimated. We will demonstrate the value of modern petroleum science based on a thermodynamic understanding of hydrocarbon formation, and both experimental and observational data, which can introduce a change into the debate. Now emotionally charged and contentious, the debate will supposedly develop a balanced and realistic scenario on gradual oil transition and a secure global energy supply.

Suggested Citation

  • Tsatskin, Alexander & Balaban, Oded, 2008. "Peak oil in the light of oil formation theories," Energy Policy, Elsevier, vol. 36(6), pages 1826-1828, June.
    • Handle: RePEc:eee:enepol:v:36:y:2008:i:6:p:1826-1828
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    References listed on IDEAS

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    1. Greene, David L. & Hopson, Janet L. & Li, Jia, 2006. "Have we run out of oil yet? Oil peaking analysis from an optimist's perspective," Energy Policy, Elsevier, vol. 34(5), pages 515-531, March.
    2. Lynch, Michael C., 2002. "Forecasting oil supply: theory and practice," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(2), pages 373-389.
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    1. Delannoy, Louis & Longaretti, Pierre-Yves & Murphy, David J. & Prados, Emmanuel, 2021. "Peak oil and the low-carbon energy transition: A net-energy perspective," Applied Energy, Elsevier, vol. 304(C).
    2. Su Jin Seo & Eun Jin Han & So Young Sohn, 2015. "Trend analysis of academic research and technical development pertaining to gas hydrates," Scientometrics, Springer;Akadémiai Kiadó, vol. 105(2), pages 905-920, November.
    3. van Ruijven, Bas & van Vuuren, Detlef P., 2009. "Oil and natural gas prices and greenhouse gas emission mitigation," Energy Policy, Elsevier, vol. 37(11), pages 4797-4808, November.

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