PEAK OIL
PEAK OIL
PEAK OIL
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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