This succinct book is an engaging view of Peak Oil by a gruff, no-nonsense petroleum geologist. It is not just a concise overview of the origins of oil and the significance of the Peak. Think of the Peak as that era when the price of oil soars because supply can no longer meet demand, no matter how hard the effort to increase production. For the mathematically literate, Deffeyes gives the best popular explanation yet of the Hubbert method of calculating Peak Oil. Deffeyes curve-fit puts the peak at 2006 - hence his sense of urgency.
Yet the major emphasis of the book is on the energy alternatives. Coming from an academic geologist deeply rooted in the culture of the energy industries, the chapters on natural gas, coal, nuclear, tar sands, and oil shale are most welcome. Most of the books on Peak Oil are not by geologists, so their assessments on these subjects are second hand. Deffeyes 2001 book, Hubbert's Peak - The Impending World Oil Shortage, focused mostly on conventional oil.
There are two extremes to the views on Peak Oil. Some people, often termed "cornucopians", say not to worry - technology will come to the rescue, energy alternatives will take over as soon as the price is right. Others, the "prophets of doom", predict the collapse of industrial civilization and human population via environmental degradation, warfare, disease, and famine. Or at best they predict a return to a primitive 19th century style of existence with far fewer people on the planet. Deffeyes predicts tough going, but he also outlines a way for us to scrape through a few more decades until more sustainable technology can be developed and scaled up. The kind of civilization that can be sustained over the long haul is still an open question.
His short term fixes (p. 183) include small diesel cars that get 90 miles per gallon, coal fired electrical power plants, wind turbines, and nuclear power plants. It also looks like the old Fisher-Tropsch process for coal gasification will be revived to produce aviation and diesel fuel. On the one hand environmentalists alarmed by global warming can hardly wait for Peak Oil in order to cut back on green house gases. On the other hand, the use coal, the dirtiest of all fossil fuels, is even more alarming. Deffeyes advocates pumping the carbon dioxide waste underground, but currently it mostly goes up the smokestack. However unpalatable some of these fixes may be to many citizens, I must confess that they seem quite likely, based on current politics and economics.
A few errata and quibbles: On p. 16 the permeability increases 100 times, not 1 million times, when the grain size increase by 10, according to the quadratic law he cites. For the P and 1/P equations in the graph on p. 41, delete the + sign. On the bottom of p. 40 he claims that the actual peak must happen at or before the peak of the model curve (a logistic), which is a very close fit to the historical data from 1958 to the present. However this is just a model - due to economics or politics the actual peak could happen either before or after the model peak.
In fact, since the market for oil is global, prices will be far more important for the world peak oil than for country-level peak oil. Suppose there were an oil shock right now. Then financial hardship would force a sharp drop in oil usage over the next few years while there would be an all-out effort to quickly drill even the most costly and marginal oil fields. This would, of course, cause a peak right now, but it could soon lead to an excess of supply over demand, a drop in oil prices, then a renewal of latent demand that could drive production to a higher peak in the future. That is, the period of peak oil would be stretched out to become more like a jagged plateau. However by extracting more of the remaining oil sooner rather than later, the subsequent drop off would be even more severe.
Even without an oil shock, over a short time frame, current data trumps modeling. It normally takes many years from oil discovery to production, so it is already known what is in the pipeline. One recent UK study identified many major oil fields coming online through 2007 but few thereafter. A study of peak oil for major oil companies predicted 2008 on the average. This may explain why Colin Campbell's peak oil date is 2008. Nevertheless the logistic curve has a logical derivation in this context and it is the solution of a simple and widely applied nonlinear differential equation, so it is quite convincing as a rough model. I expect Hubbert's Peak to become a standard example in future texts on mathematical modeling. The cornucopians faith in technological and free market magic is soon to be sorely tested.