Saturday, March 13, 2010

Where has the oil gone?

Oil supply is not infinite. Sooner or later it will run out. The interesting speculation is when that will happen. In a recent publication (ACS Energy and Fuels), several Kuwait scientists have studied this matter with a multicycle Hubbert model. The original Hubbert model in 1956, accurately predicted that oil production would peak in the United States around 1970.

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