“Peak Oil and the Economy: Should We Be Concerned?” Presentation by David Murphy, Ph.D.
Wednesday, February 16, at 7:15 pm at the DeWitt Community Library at Shoppingtown Mall.
Our economy runs on fossil fuels, and oil most importantly. Many believe that we have reached a peak in global oil production (i.e. peak oil) and will soon be facing a decline. Meanwhile, many others believe that a combination of technology and exploration can secure oil supplies for the foreseeable future. Who is right, and what are the potential economic impacts if they are right? I will try to answer these questions in my talk.
David Murphy holds a Ph.D. in Environmental Science from State University of New York-College of Environmental Science and Forestry, largely focused on the interplay between energy and economics. In addition to academic work, he contributes to the energy blog The Oil Drum and is an independent consultant within the energy field. He has published a number of articles on the Energy Return on Investment (EROI) of different energy sources, and is currently studying the energy-GDP relation from a thermodynamic perspective.
Image by adpowers on Flickr.