Peak Oil

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Peak Oil is the common vernacular for the global peak in petroleum production. Based on the production profiles of many oilfields that had passed their peak productivity, Marion King Hubbert proposed in 1956 that the lower 48 states of the United States would reach its peak between 1965 and 1970. The actual peak occurred in the 1971-1972 timeframe.

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Contents

Defining the Problem

Global Oil Resources

The amount of technically and economically extractable light sweet crude oil is the matter of much controversy. 95% of the world's proven reserves have not been independently audited, and significant changes to reserve estimates for most OPEC members occurred shortly after the OPEC quotas were adjusted to the size of each members reserves in the 1980's.

In addition, other sources of petroleum include heavy sour oil, tar sands, and oil shale.

For a historical look at peak oil, see a 1967 video of Marion King Hubbert explaining the Hubbert Curve.

Global Oil Discovery

Global Oil Production

Global Oil Demand

What is Energy?

Related Resource Peaks


Impacts of Peak Oil


Mitigation of Peak Oil


External links

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