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Ontario Tech acknowledges the lands and people of the Mississaugas of Scugog Island First Nation.

We are thankful to be welcome on these lands in friendship. The lands we are situated on are covered by the Williams Treaties and are the traditional territory of the Mississaugas, a branch of the greater Anishinaabeg Nation, including Algonquin, Ojibway, Odawa and Pottawatomi. These lands remain home to many Indigenous nations and peoples.

We acknowledge this land out of respect for the Indigenous nations who have cared for Turtle Island, also called North America, from before the arrival of settler peoples until this day. Most importantly, we acknowledge that the history of these lands has been tainted by poor treatment and a lack of friendship with the First Nations who call them home.

This history is something we are all affected by because we are all treaty people in Canada. We all have a shared history to reflect on, and each of us is affected by this history in different ways. Our past defines our present, but if we move forward as friends and allies, then it does not have to define our future.

Learn more about Indigenous Education and Cultural Services

March 25, 2010

Title: An Energy-economic Oil Production Model

Abstract: In this talk, an energy-economic model for global oil production is presented, based on a constant elasticity of substitution (CES) production function that includes labour, capital and oil consumption as input variables. In combination with a relation between oil supply on one side, and capital and remaining oil reserves on the other side, a system of differential-algebraic equations is derived whose solution contains oil production, referred to as Hubbert curves, as well as the price of oil. The equations are solved numerically with several methods, as well as analytically for one particular case. The graphs break the symmetry of the common bell-shaped Hubbert curves and predict a much steeper decline past peak oil production. This supports increasing evidence that large decline rates might indeed materialize for global oil supply.