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  2. Predicting the timing of peak oil - Wikipedia

    en.wikipedia.org/wiki/Predicting_the_timing_of...

    A set of models published in a 2014 Ph.D. thesis predicted that a 2012 peak would be followed by a drop in oil prices, which in some scenarios could turn into a rapid rise in prices thereafter. According to energy blogger Ron Patterson, the peak of world oil production was probably around 2010.

  3. Peak oil - Wikipedia

    en.wikipedia.org/wiki/Peak_oil

    Peak oil. A 1956 world oil production distribution, showing historical data and future production, proposed by M. King Hubbert – it had a peak of 12.5 billion barrels per year in about the year 2000. As of 2022, world oil production was about 29.5 billion barrels per year (80.8 M bbl /day), [1] with an oil glut between 2014 and 2018.

  4. Oil depletion - Wikipedia

    en.wikipedia.org/wiki/Oil_depletion

    Oil depletion. Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.

  5. Global conditions dictating oil, gas prices - AOL

    www.aol.com/global-conditions-dictating-oil-gas...

    And despite yet another forecast for peak oil demand, this time by 2030 from the biased IEA, we believe global demand will keep rising consistently for decades to come with periods of fluctuation ...

  6. Uncharted Territory: A Modern Peak Oil Theory - AOL

    www.aol.com/2013/04/06/a-modern-peak-oil-theory

    Marion King Hubbert accurately predicted a peak in U.S. oil production in 1956, in the first widely published peak oil theory. Since then, people have been predicting when demand would exceed supply.

  7. How soon will it be until the world reaches 'peak oil'? - AOL

    www.aol.com/news/soon-until-world-reaches-peak...

    Peak oil demand probably happens within the next 5 years. — Elon Musk (@elonmusk) January 19, 2023. A December report by the International Energy Agency (IEA) found that, spurred by an energy ...

  8. 2020–2022 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/2020–2022_world_oil...

    Over the next three days, the increase in oil prices erased the previous week's losses. WTI climbed to $68.36 and Brent to $72.25 on August 25. Fuel demand in the U.S. was the highest since before the pandemic, U.S. crude inventories were the lowest since January 2020, and China reported fewer new COVID-19 cases.

  9. Oil prices are rising despite a rough start to 2024 — here's why

    www.aol.com/finance/oil-prices-rising-despite...

    Oil's bumpy start in 2024 has turned into a steady climb in recent weeks, with futures for West Texas Intermediate ( CL=F) and Brent ( BZ=F) up more than 9% and 7% year to date, respectively. On ...

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