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Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
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APPENDIXES

Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
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Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
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A
Statement of Task

The National Research Council (NRC) will hold a workshop that will explore the question of global oil production and, in particular, estimates of when global oil production may peak. The workshop will include analysts who have recently published such forecasts, which range from the conclusion that global oil production may peak within the next decade or so to those that estimate sometime in the 2030-2050 time period. In addition, it will explore options for mitigating the possible serious economic implications of world oil production peaking, and will also identify possible topics for in-depth study that could help inform U.S. government policy. It is anticipated that the workshop will be about 2 days long. Individuals will be invited that have conducted analyses on global oil production, on future oil demand, on trends in the global energy market, as well as in regional energy markets, and that have expertise in energy policy. Participants will be sought from the private sector, from government agencies, and from universities, as appropriate. The workshop will be open to the public to help bring attention of the issue to a broad set of interested individuals. A summary of the workshop will be prepared in accordance with institutional guidelines.

Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
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Page 23
Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
×
Page 24
Suggested Citation:"Appendix A: Statement of Task." National Research Council. 2006. Trends in Oil Supply and Demand, the Potential for Peaking of Conventional Oil Production, and Possible Mitigation Options: A Summary Report of the Workshop. Washington, DC: The National Academies Press. doi: 10.17226/11585.
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Page 25
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Recent events and analyses have suggested that global production of oil might peak sometime within the next few years to the next one or two decades. Other analyses, however, conclude that oil supply can meet global demand for some decades to come and that oil production peaking is much further off. To explore this issue, the NRC held a workshop, funded by the Department of Energy, bringing together analysts representing these different views. The workshop was divided into four main sessions: setting the stage; future global oil supply and demand balance; mitigation options and time to implementation; and potential follow-up activities. This report provides a summary of the workshop including the key points, issues and questions raised by the participants, and it identifies possible topics for follow-up studies. No consensus views, conclusions, or recommendations are presented.

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