New Date For Peak Oil Production | Chemical & Engineering News
 
 
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Web Date: March 15, 2010

New Date For Peak Oil Production

Energy: World crude may start to decline a decade earlier than previously predicted
Department: Science & Technology
News Channels: Environmental SCENE
Keywords: petroleum, oil production, energy

A team of petroleum engineers has reworked a basic model for gauging conventional crude oil production and determined that world output may peak in 2014, nearly a decade earlier than previous projections. The analysis could speed up moves to conserve oil and intensify already intense efforts to develop biofuels and other alternative energy sources.

Several models based on historical oil production and known oil reserves have been developed to forecast when global oil production will . . .

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