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Oil Depletion Protocol
The Rimini Protocol is a proposal made by the geologist Colin Campbell. It is intended to stabilise oil prices and minimise the effects of peak oil. It is named after the XXIX. Annual Conference ''The Economics of the Noble Path: Fraternal Rights, the Convival Society, Fair Shares for All'' of the Pio Manzù International Research Centre in Rimini, Italy on 18-20 October 2003, where Campbell presented his idea of an oil depletion protocol. A few months later, he published together with Kjell Aleklett, the head of the Uppsala Hydrocarbon Depletion Study Group, a slightly refined text under the name Uppsala Protocol. Basic mechanism To ease peak oil effects and to manage the long decline in the second half of the oil era, producing countries would not produce oil in excess of their present national depletion rate: i.e., roughly speaking, the oil used or exported must equal the oil produced or imported. Furthermore, it would be required that importing nations stabilize their impor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geologist
A geologist is a scientist who studies the solid, liquid, and gaseous matter that constitutes Earth and other terrestrial planets, as well as the processes that shape them. Geologists usually study geology, earth science, or geophysics, although backgrounds in physics, chemistry, biology, and other sciences are also useful. Field research (field work) is an important component of geology, although many subdisciplines incorporate laboratory and digitalized work. Geologists can be classified in a larger group of scientists, called geoscientists. Geologists work in the energy and mining sectors searching for natural resources such as petroleum, natural gas, precious and base metals. They are also in the forefront of preventing and mitigating damage from natural hazards and disasters such as earthquakes, volcanoes, tsunamis and landslides. Their studies are used to warn the general public of the occurrence of these events. Geologists are also important contributors to climate ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colin Campbell (geologist)
Colin J. Campbell (24 July 1931 – 13 November 2022) was a British petroleum geologist who predicted that oil production would peak by 2007. He claimed the consequences of this are uncertain but drastic, due to the world's dependency on fossil fuels for the vast majority of its energy. His theories have received wide attention but are disputed and have not significantly changed governmental energy policies at this time. To deal with declining global oil production, he proposed the Rimini protocol. Influential papers by Campbell include ''The Coming Oil Crisis'', written with Jean Laherrère in 1998 and credited with convincing the International Energy Agency of the coming peak; and ''The End of Cheap Oil'', published the same year in ''Scientific American''. The Association for the Study of Peak Oil and Gas, founded by Campbell in 2000, has been gaining recognition in the recent years. The association has organised yearly international conferences since 2002. The most recent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hubbert Peak Theory
The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil. Choosing a particular curve determines a point of maximum production based on discovery rates, production rates and cumulative production. Early in the curve (pre-peak), the production rate increases due to the discovery rate and the addition of infrastructure. Late in the curve (post-peak), production declines because of resource depletion. The Hubbert peak theory is based on the observation that the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline. In the US, oil extraction followed the discovery curve after a time lag of 32 to 35 years.Jean Laherrere, "Forecasting production from discovery", ASPO Lisbon May 19–20, 200/ref> ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pio Manzù International Research Centre
The Pio Manzù International Research Centre, commonly referred to as the Pio Manzu Research Centre or Pio Manzu Centre, was a non-governmental environmental organization of the United Nations founded in 1969 and based in Rimini, Italy. The purpose of the centre was to serve as an "institute for the in-depth study of the main economic and scientific aspects of the relationship between man and his environment". The centre helds an annual conference in Rimini, Italy, along with carrying out research projects and publishing the journal ''Environmental Structures.'' As of 2007, the Pio Manzù Center has Lorenzo Cagnoni as president, Roberto Valducci as vice-president, and Gerardo Filiberto Dasi as general secretary. The centre also has an International Scientific Committee where Mikhail Gorbachev is president and Giandomenico Picco is vice-president. The centre closed in 2016 History The Pio Manzù International Research Centre was founded in 1969 by Girardo Filiberto Dasi and 14 ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
