Oil Production in a Climate Constrained World
Petroleum provides about 35% of total primary energy supply and meets about 95% of our transportation energy needs. Some argue that this dominance is short lived due to rapid expansion of electric vehicles, while others argue for a continued role for petroleum well into this century. While visions for the future use of oil vary widely, most model projections suggest that humanity will consume more than 1 trillion barrels of oil between now and the end of the century. Where will this oil come from? What are the impacts of producing, refining, and consuming this oil?