OIL IS NOT FOREVER
M King Hubbert, a geologist for Shell
OIL in 1956 predicted that the production of oil would
peak in the 1960s, and will decline then. Although be righted by most in the industry, he was correct. Hubbert was the first to assert that oil discovery, and therefore production, would follow a bell
shaped curve over its life.
The bell shaped curve when charted on a graph shows that the peak production occurs when approximately half the oil in the region has been extracted. Oil then becomes more difficult and expensive to extract as a field ages past the midpoint of its life. In the US, for example, oil production grew steadily until 1970 and declined thereafter, regardless of the market price or improved technology.
This site maintained by a group of US citizens, draws on Hubbert''s hypothesis and has links to news on matters related to
petroleum production, and conferences and meets related to oil and to other related sites. There are also links to blogs, academic and industrial institutions and NGOs working on oil-related issues.
Also there are
forums that host lively discussions on depleting hydrocarbons, books related to oil and oil
conservation sustainability issues. On other forums, experts answer questions related to peak oil.
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