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Alcassin
Intermediate Crude
Joined: Jun 20, 2007
Posts: 521
Location: USS Poland
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 Posted: Wed Feb 13, 2008 9:53 pm Post subject: Marion King Hubbert himself about the World Peak Oil |
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It's a very short 2 minutes clip not shown in Crude Awakening but from the same interview.
"OPEC countries are tempering this curve right now, courtailing production somewhat, so it's conceivable that this peak might be shifted to the back side by a little bit. We might cut off this rate of growth and stabilize, if we did that would extend this 80% by 7 or 10 years".
M. King Hubbert after Arab oil embargo in 1976.
Here is link
Enjoy 
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2466
Location: MA
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| Posted: Wed Feb 13, 2008 11:43 pm Post subject: Re: Marion King Hubbert himself about the World Peak Oil |
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Thanks for the link Alcassin. 
By the way, if you look at our peakwiki page that is always under construction
you will see a link to that same video...
http://www.peakoil.com/wiki/index.php/Main_Page |
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Alcassin
Intermediate Crude
Joined: Jun 20, 2007
Posts: 521
Location: USS Poland
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| Posted: Thu Feb 14, 2008 12:41 am Post subject: Re: Marion King Hubbert himself about the World Peak Oil |
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I don't use peakoil wiki, maybe there aren't so many peakoilwiki users 
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The poor complain; they always do,
But that's just idle chatter.
Our system brings rewards to all,
At least to all who matter. |
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Coolman
Heavy Crude
Joined: Jun 30, 2004
Posts: 223
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| Posted: Thu Feb 14, 2008 12:00 pm Post subject: Re: Marion King Hubbert himself about the World Peak Oil |
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I love how some people say that Hubbert was wrong about world peak because he said it would peak in 1995.
Yet here he said that the peak would be delayed because of the oil embargo.
In fact you should thank God that it did not peak in 1995, it would have been even worse than it's going to be now. |
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steam_cannon
Expert
Joined: Dec 28, 2006
Posts: 2466
Location: MA
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| Posted: Thu Feb 14, 2008 12:26 pm Post subject: Re: Marion King Hubbert himself about the World Peak Oil |
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| Alcassin wrote: | | I don't use peakoil wiki, maybe there aren't so many peakoilwiki users |
No reason to get your panties in a bunch. Most new users aren't
familiar with the links on the front page of this website, but they keep
posting anyway... |
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FreddyH
Heavy Crude
Joined: Jan 14, 2008
Posts: 321
Location: The Yukon
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| Posted: Thu Feb 14, 2008 2:53 pm Post subject: Re: Marion King Hubbert himself about the World Peak Oil |
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| Coolman wrote: |
In fact you should thank God that it did not peak in 1995, it would have been even worse than it's going to be now. |
Had his production profile come to fruition, Hubbert's forecast for 2008 was 63-mbd amid a 3.75% Decline Rate. His projected Peak of 111-mbd includes only Regular Conventional Oil, proc-gains & NGL.
Being awash in oil, it will never be known to what degree this would have retarded the unconventionals. That is, the 63-mbd does not include the tar sands, heavies, deep ocean, polar, bio, kerogen, ctl, gtl or synthetics that are abundant today and make up 14-mbd of All Liquids. If they were developed as aggressively, today's flow would be 77-mbd today.
All this speculation assumes that Hubbert's 111-mbd Peak would have been greeted by a similar call in Demand. I am skeptical that this challenge could have been met.
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