Abstract
The world has heard the phrase “peak oil” a number of times in the past 167 years. It has re-surfaced again recently, as oil industry faces low oil prices and has to lay off thousands of people. This presentation will review what is typically meant by the term “peak oil”, and propose what might be new this time around. I will also discuss the implications of a potential “peak oil” to the oil industry in general, and US oil industry in particular. The idea is to encourage a dialogue with the students on the future of oil industry and energy transition.
Bio
Dr. Shangyou Nie is currently a Non-Resident Fellow at the Center for Global Energy Policy at Columbia University. He is also the Editor for American Association of Petroleum Geologists’ weekly business and commercial newsletter Well Read, in addition to being a columnist for AAPG. Shangyou has over 30 years of industry experience, having worked as a Senior Strategy Advisor and New Business Development Manager for Shell. He obtained his Ph.D. in Geophysics from the University of Chicago, MBA from Rice University and B.Sc. in Geology from Peking University.