industryterm:oil supply capacity

What Happens To Clean Technology Innovation If Oil Prices Drop? | Co.Exist
►http://www.fastcoexist.com/1680107/what-happens-to-clean-technology-innovation-if-oil-prices-drop

a new report (PDF) from Leonard Maugeri, a former oil executive and current fellow at Harvard’s Belfer Center for Science and International Affairs, warns: “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.” That dip in oil prices would mean cheaper gas, certainly, but it could put a serious damper on how far we’ve come in the search for non-fossil-fuel-based energy solutions.

#green_tech #environnement #pétrole

Pétrole : finalement, une production en croissance ?
Oil : The Next Revolution
– Harvard - Belfer Center for Science and International Affairs
►http://belfercenter.ksg.harvard.edu/publication/22144/oil.html

Contrary 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.