by shakespear1 » Tue 14 Nov 2006, 12:00:47
$this->bbcode_second_pass_code('', 'Fifty years ago this week, on March 8, 1956, at a meeting of the American Petroleum Institute in San Antonio, Texas, M. King Hubbert, in the preprinted version of his prepared remarks, had the following statement, "According to the best currently available information, the production of petroleum and natural gas on a world scale will probably pass its climax within the order of a half century (i.e., by 2006), while for both the United States and for Texas, the peaks of production may be expected to occur with the next 10 or 15 years (i.e., 1966 to 1971)." As more and more people are learning, Lower 48 oil production, as predicted by Dr. Hubbert, peaked in 1970, and it has fallen fairly steadily since 1970.')
I would go to the library and try to find out what industry magazines were published in the Oil and Gas Business and search for anything that was published shortly after the above presentation. I would imagine that a year or two after the presentation the subject would have gone off into oblivion.
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan