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Table 2: Predictions regarding developments in oil production<br />

Past predictions about oil production developments<br />

Date of prediction Source Peak production Assumed total<br />

of conventional<br />

oil<br />

production<br />

1972 ESSO “Oil will become<br />

increasingly scarce<br />

after the year 2000”<br />

2100 gigabarrels<br />

1972 Report to the UN “Likely that<br />

2500 gigabarrels<br />

Conference on the maximum<br />

Human Environment production will have<br />

been reached by<br />

2000”<br />

1974 SPRU, University of<br />

Sussex<br />

1976 British Ministry of<br />

Energy<br />

not specified 1800–2480<br />

Peak oil: “ca. 2000” not specified<br />

1977 Hubbert Peak oil: 1996 2000 gigabarrels<br />

(Nehring)<br />

1977 Ehrlich et al. Peak oil: 2000 1900 gigabarrels<br />

1979 Shell “Production plateau<br />

within the next 25<br />

years.”<br />

not specified<br />

1979 BP (“Oil crisis…<br />

again?“)<br />

Peak oil (non-<br />

Communist world):<br />

1985<br />

1981 World Bank “Production plateau<br />

around the turn of<br />

the century”<br />

not specified<br />

1900 gigabarrels<br />

1995 Petroconsultants Peak oil: 2005 1800 gigabarrels<br />

1997 Ivanhoe Peak oil: 2010 approx. 2000<br />

gigabarrels<br />

1997 Edwards Peak oil: 2020 2836 gigabarrels<br />

1998 IEA World Energy Peak oil: 2014 2300 gigabarrels<br />

Outlook 1998<br />

(sample case)<br />

1999 US Geological Survey Peak oil: ca. 2010 approx. 2000<br />

(USGS) (Magoon)<br />

gigabarrels<br />

1999 Campbell Peak oil: ca. 2010 2000 gigabarrels<br />

100

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