Kingcoal wrote:I remember reading it back in '04 after discovering the dieoff.org and peakoil.net websites. After that, I discovered this website. The paper is designed for the layman and seeks to inform him of a couple of key points:
1. We don't "produce" oil; the earth manufactured it over hundreds of millions of years. We just stick straws in the ground and liberate it.
2. Most of the oil in a given reservoir is for all practical purposes, unrecoverable.
3. The rate of production increase at the time is unsustainable.
4. Finally, he makes his famous predictions. Oil production in the lower 48 would peak in 1970, which came true. World oil production would peak in the late 1990's, which evidentially didn't happen; however if Hubert were alive today, I think he would be shocked at what lengths we've gone to produce as much oil as possible.
I believe that light sweet has peaked worldwide.
Some of Simmons' presentations remind me a little of Hubbert's paper.