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- Theory originated by: Dr. Marion King Hubbert
- When: 1956
- Predicted to be abrupt
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There is only a finite amount of oil in the world. "Peak oil" is defined as the point when worldwide oil production is at its highest. Once peak oil has passed, the amount of oil available will decline. Prices will go up, and eventually the resource will not be available at any price.
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Peak Oil Controversy
Some scientists claim that peak oil has already happened, noting that many countries have already decreased their oil production. Others state that there are still several decades to go. Still others think researchers will find a way to recover oil from more difficult-to-reach areas, such as sand or much smaller oil fields, and thus peak oil will be staved off by hundreds of years. -
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Peak Oil Questions
Have jobless claims peaked? 3 AnswersAs part of my job as CEO of Mahalo I get invited to a lot of very cool conferences packed with really intelligent speakers. At one recent one, some of the top m... read more
What are the oil and natural gas resources in Nicaragua? 1 AnswerOil and gas exploring is being done offshore of Nicaragua in the Carribean sea. Infinity Energy Resources and MKJ exploration read more
where does crude oil come from? 1 AnswerThe belief is that crude is formed by organic compounds when intense heat and pressure are added to them. The oceans are full of fish, plankton, algae, etc. Wh... read more
view more questions...
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Peak Oil News Stories
- CNN.com: Bush pushes Saudis for help with rising oil prices (January 15, 2008)
- "I would hope, as OPEC considers different production levels, that they understand that if ... one of their biggest consumers' economy suffers, it will mean less purchases, less gas and oil sold," George W. Bush
- Reuters.com: Kuwait oil reserves only half official estimate (2006)
- BBC News: Has oil production finally peaked? (2006)
- International Herald Tribune: "Cantarell oil field output to drop..." (2006)
- NPR: Experts Ponder Peak of Global Oil Production (2006)
- EnergyBulletin.net: Peak Oil News Clearinghouse
- Google News: Peak Oil
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Catalog of recent oil discoveries: Peak Oil Discussion Statistics : 885 Replies || 45871 Views Last post by To... .. http://oohja.com/x2zZJ
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suppy concerns ("peak oil") for crude is really longest masting market manipulation ever - started summer 05 before Katrina - ongoing
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Catalog of recent oil discoveries: Peak Oil Discussion Statistics : 885 Replies || 45871 Views Last post by Ton.. http://bit.ly/7HJ1fG
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Short's argument thread: Peak Oil Discussion Statistics : 1013 Replies || 7526 Views Last post by shortonsense... .. http://oohja.com/x2zOH
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Short's argument thread: Peak Oil Discussion Statistics : 1013 Replies || 7526 Views Last post by shortonsense http://bit.ly/5CvGr7
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- CNN.com: Bush pushes Saudis for help with rising oil prices (January 15, 2008)
