Kuwait Researchers Forecast Global Conventional Crude Oil Production Will Peak in 2014; New Multicyclic Hubbert Model
Green Car Congress
MARCH 10, 2010
World crude oil production model. 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.