Peak Oil Crisis due in 2014

New studies show that peak oil is due in 2014. Kuwaiti scientists have updated oil predictions previously based on the famous Hubbert model, which had correctly predicted in 1956 that U.S. oil reserves would peak within 20 years. The new multicycle Hubbert Model, used by the Kuwaiti scientists evaluated oil production trends of 47 major oil-producing More...

by Michael Sorense | Published 5 years ago
By Michael Sorense On Tuesday, March 23rd, 2010
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Peak Oil Crisis due in 2014

New studies show that peak oil is due in 2014. Kuwaiti scientists have updated oil predictions previously based on the famous Hubbert model, which had correctly predicted in 1956 that U.S. oil reserves would peak More...