MARC Record from harvard_bibliographic_metadata

LEADER: 02619nam a2200301 a 4500
001 013319559-7
005 20120802132949.0
008 120802s2012 mauab b 000|0 eng d
035 0 $aocn804109406
090 $aHD9560.5$b.M375 2012
100 1 $aMaugeri, Leonardo,$d1964-
245 10 $aOil :$bthe next revolution, the unprecedented upsurge of oil production capacity and what it means for the world /$cLeonardo Maugeri.
260 $aCambridge, MA :$bHarvard Kennedy School, Belfer Center for Science and International Affairs,$c2012.
300 $aiii, 75 p. :$bcol. ill., col. map ;$c28 cm.
490 1 $aDiscussion paper ;$v2012-10
500 $a"June 2012."
500 $a"The Geopolitics of Energy Project."--cover.
504 $aIncludes bibliographical references.
520 $aContrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices. Based on original, bottom-up, field-by-field analysis of most oil exploration and development projects in the world, this paper suggests that an unrestricted, additional production (the level of production targeted by each single project, according to its schedule, unadjusted for risk) of more than 49 million barrels per day of oil (crude oil and natural gas liquids, or NGLs) is targeted for 2020, the equivalent of more than half the current world production capacity of 93 mbd.
520 $aAfter adjusting this substantial figure considering the risk factors affecting the actual accomplishment of the projects on a country-by-country basis, the additional production that could come by 2020 is about 29 mbd. Factoring in depletion rates of currently producing oilfields and their “reserve growth” (the estimated increases in crude oil, natural gas, and natural gas liquids that could be added to existing reserves through extension, revision, improved recovery efficiency, and the discovery of new pools or reservoirs), the net additional production capacity by 2020 could be 17.6 mbd, yielding a world oil production capacity of 110.6 mbd by that date – as shown in Figure 1. This would represent the most significant increase in any decade since the 1980s.
650 0 $aPetroleum industry and trade.
650 0 $aPetroleum reserves.
650 0 $aOil-shale industry$zUnited States.
690 9 $aIGA -- International Global Affairs$5ksg
710 2 $aBelfer Center for Science and International Affairs.
830 0 $aBCSIA discussion paper ;$v2012-10.
988 $a20120802
906 $0MH