M. King Hubbert’s Lower 48 Prediction Revisited

Using the HL technique, Dr. Deffeyes, an associate of Dr. Hubbert, predicted that the world crossed the mathematical 50% of Qt mark on December 16, 2005. In other words, Dr. Deffeyes believes that the world is now where the Lower 48 was at in the early Seventies.

Given this prediction, we wondered how accurate has the HL technique been in predicting post-peak cumulative Lower 48 oil production. Also, what can the Lower 48 model tell us about the future of world net oil export capacity? Finally, we have a recommendation, a fundamental shift in US tax policy.

GraphOilogy via EnergyBulletin.net