Predicting the timing of peak oil
From Wikipedia, the free encyclopedia
Peak oil is the point at which oil production, sometimes including unconventional oil sources, hits its maximum. Predicting the timing of peak oil involves estimation of future production from existing oil fields as well as future discoveries. The most influential production model is Hubbert peak theory,[citation needed] first proposed in the 1950s. The effect of peak oil on the world economy remains controversial.
This article needs to be updated. The reason given is: needs more info and sources post 2022 Ukraine invasion and post US IRA. (January 2023) |