Historic and Predicted Oil Production

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Presentation transcript:

Historic and Predicted Oil Production Increasing Production Harder to Recover A graph predicts the peak oil production in the early 21st century when we will be about halfway through the Earth’s reserve of oil.

Graph Source Original caption: A logistic distribution shaped production curve, as originally suggested by M. King Hubbert in 1956. See http://en.wikipedia.org/wiki/Peak_oil Source Hankwang, Wikipedia (released under the GNU Free Documentation License ) See http://en.wikipedia.org/wiki/File:Hubbert_peak_oil_plot.svg