Pomp, Royal Birth, and Bleak Oil Future23 Jul

The British have played a leading role on the world stage for a few centuries and still put on a splendid show of pomp & circumstance, as well as unbounded exuberance about a new royal birth. However, unless the Brits can find a commercially viable substitute for crude oil, or become totally dependent on imported oil or start a war with a country that has oil, their future will be extremely bleak when the third in line to the throne becomes king. The graph below shows that U.K. oil production reached peak level just before 2000 and has been declining ever since then. Peak production was more than 2.5 million barrels per day (mbd) and is now less than 1 mbd.

This decline is already having a negative effect on the U.K. economy and its struggle to recover from the recession. “The latest oil and gas projections coincide with a separate report which concluded that the decline in the North Sea is already holding back the UK economy, prolonging the recession and stifling economic growth.”

At some point, the United States will also experience declining oil production along with the same bleak prospects as the U.K. Anyone in the U.S. government planning for this eventuality? Congress or are they too busy fund raising for the next election and have no time?

J. H. Everson SBIR Consultant

Tags: , ,

Leave a Reply

Time limit is exhausted. Please reload the CAPTCHA.

About Dr. Everson

Prior to forming this SBIR consultant practice, Dr. Jeffrey Everson was director of business development for QinetiQ North America’s Technology Solutions Group (previously Foster-Miller, Inc.).

Dr. Everson has won and been the principal investigator for several SBIR programs, including a Phase I program for NASA, a Phase I project for the U.S. Air Force, and Phase I and II contracts from the U.S. Department of Transportation. For the Phase II program, he received a Tibbetts Award for exemplifying the best in SBIR achievement.

Previously Dr. Everson held senior scientist positions at Battelle Memorial Institute, The Analytic Sciences Corporation (TASC), Honeywell Electro Optics Systems Division, and Itek Optical Systems Division.

He holds a PhD in physics from Boston College and a MS/BS in physics from Northeastern University.


For more information about how JHEverson Consulting can help your company with its SBIR and STTR proposals, please contact Jeff Everson.

JHEverson Consulting is based in the Boston area but consults for clients throughout North America. It also is supported by affiliated consultants.