What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Mathematical model forecasts year conventional oil will peak
Publication date:
2007-05-07
First published in:
Oil & Gas Journal
Abstract:
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
