Peak Oil. Are We There Yet?

Click here for a downloadable, printable PDF version

Click here for a downloadable, printable PDF version

Click the image for a downloadable, printable PDF version

In the 1950s, Shell Oil geologist M. King Hubbert predicted that oil production in the United States would peak about 1970 and thereafter inescapably drift downward. He was generally derided, but production did indeed peak in 1970. After that, several other petroleum geologists applied “Hubbert’s curve” to world recoverable oil resources, and many of them arrived at a peak sometime between 2005 and 2025. They were dismissed shrilly by the oil companies and others who have a stake in more or less perpetual oil supplies, but their predictions are looking better and better.

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