Peak Oil

Is the world running out of oil? Though almost no one expects the black stuff to literally stop coming out of the ground anytime soon, some suggest that oil production, having trended upwards for the past century, will soon reach a year of maximum production


Most discussions of peak oil trace the concept back to the work of the geologist M. King Hubbert, who in the 1950s correctly predicted a peak in U.S. oil production between the mid 1960s and early 1970s. Later, in a 1976 National Geographic article, Hubbert predicted a world oil peak for 1995, and though this did not come about, the notion that oil production would soon peak and start declining is now often referred to