The Oil Drum: Hubbert Linearization of Romania…?

Following our discussion of Hubbert Linearization of the Middle East, I was inspired to take a quick look at Romania. Romania is similar to the US in that production began very early (in fact the world’s first commercial-scale oil production occurred in Romania in 1857), and peaked in the 1970s (1976 was the year of peak production). However it differs in that the amount of production has never been that large – peaking at just over 300,000 barrels a day, an amount that a single large modern offshore platform might handle. It’s also different in that the production profile (above) has been interrupted on a huge scale, especially by WWI and WWII, both of which caused an approximate 50% reduction in production.

Note that the scale on the bottom totals 160 years. The peak looks sharp, but really the peak is 30 years ago.

Much more after the jump to The Oil Drum.