Mathematical model forecasts year conventional oil will peak

A new mathematical model can forecast when worldwide conventional oil production will peak with a minimal amount of information.

In recent years, many attempts to model conventional oil production have included poor assumptions that have resulted in a wide range of estimates for the peak production year. Peak year estimates have ranged from ~2004 to ~2040.

Published in: Oil & Gas Journal, May 07, 2007, volume 105, issue 17
Available from: Oil & Gas Journal Online