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Development of oil formation theories and their importance for peak oil |
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| Authors: | Mikael Höök Ugo Bardi Lianyong Feng Xiongqi Pang |
| Institution: | 1. Uppsala University, Global Energy Systems, Department of physics and astronomy, Box 535, SE-751 21, Lägerhyddsvägen 1, Uppsala, Sweden;2. Department of Chemistry, University of Firenze, Via della Lastruccia 3, Sesto Fiorentino FI, Italy;3. China University of Petroleum – Beijing, School of Business Administration, 18 Fuxue Road, Changping, Beijing, China;4. China University of Petroleum – Beijing, School of Natural Resources and Information Technology, 18 Fuxue Road, Changping, Beijing, China |
| Abstract: | This paper reviews the historical development of both biogenic and non-biogenic petroleum formation. It also examines the recent claim that the so-called “abiotic” oil formation theory undermines the concept of “peak oil,” i.e. the notion that world oil production is destined to reach a maximum that will be followed by an irreversible decline. We show that peak oil is first and foremost a matter of production flows. Consequently, the mechanism of oil formation does not strongly affect depletion. We would need to revise the theory beyond peak oil only for the extreme — and unlikely — hypothesis of abiotic petroleum formation. |
| Keywords: | Oil formation theories Abiotic oil Peak oil Extraction rate Abiogenic petroleum |
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