2030: Electric Cars, Peak Oil, and Saudi Arabia’s Future

Written by: Saul Brodkey Soon after the first oil prospecting expeditions seventy years ago, the Arabian peninsula was tipped on its head. Saudi Arabia went from a barren desert kingdom reliant on subsistence agriculture to a bustling oasis with a GDP per capita on par with Canada. The petroleum industry accounts for nearly all exports…

From Rich to Poor

Written by: Pooja Gundimeda Back in 2015, Guyana, a small South American country, was projected to become the Western Hemisphere’s next big oil producer. The world paid attention to this small country when Exxon Mobil announced a significant oil discovery, about 120 miles off its coastline. While drilling, the company encountered more than 90 meters…

Election Casts an Uncertain Future for South America’s Newest Petro-State

Written by: Jadalyn Eagens Guyana is the third poorest country in South America with a population of about 780,000 people, roughly four times the population of Madison. The former British sugar colony recently discovered oil 120 miles off its coast, the timing of which coincided with the country’s presidential elections, which took place on March…

Peak Oil Demand: Political and Economic Consequences

Written by: Ryan McGuine & Sam Alhadeff In 1956, Shell geologist M. King Hubbert predicted that American oil production would peak in 1970 and decline from then on, and that worldwide production would do the same sometime around 2000. This narrative, known as “peak oil supply,” predicted that as humans use increasing amounts of oil,…