Kuwait Researchers Forecast Global Conventional Crude Oil Production Will Peak in 2014; New Multicyclic Hubbert Model
Green Car Congress
MARCH 10, 2010
Scientists from Kuwait University and Kuwait Oil Company are forecasting that world conventional crude oil production will peak in 2014—almost a decade earlier than some other predictions. Ibrahim Nashawi and colleagues point out that rapid growth in global oil consumption has sparked a growing interest in predicting “peak oil”—the point at which oil production reaches a maximum and then declines. World crude oil production model. Credit: ACS, Nashawi et al. Click to enlarge.