The journal has now come to an end, primarily because unfortunately we could not get enough subscribers to cover costs. The journal addressed all aspects of the evolving Oil Age, including its physical, economic, social, political, financial and environmental characteristics.
Oil and gas are natural resources formed in the geological past and are subject to depletion. Increasing production during the First Half of the Oil Age fuelled rapid economic expansion, with human population rising seven-fold in parallel, with far-reaching economic and social consequences. The Second Half of the Oil Age now dawns.
This is seeing significant change in the type of hydrocarbon sources tapped, and will be marked at some point by declining overall supply. A debate rages as to the precise dates of peak oil and gas production by type of source, but what is more significant is the decline of these various hydrocarbons as their production peaks are passed.
In addition, demand for these fuels will be impacted by their price, by consumption trends, by technologies and societal adaptations that reduce or avoid their use, and by government-imposed taxes and other constraints directed at avoiding significant near-term climate change. The transition to the second half of the Oil Age thus threatens to be a time of significant tension, as societies adjust to the changing circumstances.
Former Editor: Dr. Roger Bentley MEI
Phone: +44 (0) 1582 750 819
Dr. Kjell Aleklett, Professor Emeritus, Dept. of Earth Sciences, Uppsala University.
Dr. Ugo Bardi, Professor of Physical Chemistry, University of Florence.
Dr. Colin J. Campbell, Retired petroleum geologist, Ireland.
Richard O’Rourke, Director, Kinetik NRG.
Dr. Colin Sage, Senior Lecturer, Dept. of Geography, University College, Cork.
Chris. Skrebowski, Director, Peak Oil Consulting Ltd.
Dr. Michael R. Smith, CEO, Globalshift Limited
Noreen Dalton, Petroleum Analysis Centre, Staball Hill, Ballydehob, Ireland.