Perhaps the most significant limit to future energy supplies is the “net energy” factor—the requirement that energy systems yield more energy than is invested in their construction and operation.

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Last night kicked off a three-day conference in Detroit on plug-in electric vehicles (which Gas 2.0 is attending). Today we’ll be hosting a live chat from the event with Britta Gross, GM director of Global Energy Systems, Infrastructure and Commercialization, and Mark Duvall, executive director of the Electric Propulsion Research Institute (EPRI).

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So far in this series of technical talks, I have tried to explain some of the pieces that have to be put together to get crude oil or natural gas out of the ground. I intend to go on with the series in the coming weeks, but thought that today I would put some of the different thoughts that I have talked about recently together. So I am going to talk a little about reserve calculations and production and will use an example to show how the numbers are derived. And again, let me stress that this is a very simplified example. It is also only somewhat fictionalized, as I shall comment at the end.

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This year’s international ASPO conference in Denver was organized in collaboration with ASPO-USA and coincided with their national annual conference. Sunday’s parallel sessions held before the formal start of the conference offered interested Denver residents the opportunity to inform themselves about Peak Oil. Meanwhile, Peak Oil identities from around the world were given the opportunity to give presentations on their various activities and research results.

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In one of his first speeches as USA’s president, Barack Obama declared that, “No single issue is as fundamental to our future as energy”. This is the same viewpoint that I have had since the mid-1990s. Energy is the foundation for our daily bread, our warm home and our work. If our energy security crumbles then our society will also crack.

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