Kjell Aleklett: The Peak Oil Year 2009

We stand at the doorway to a new year but also to a new decade and it is time to make a short summary. At the start of the 21st century Peak Oil was not an issue. During the 1990s the oil price fluctuated around $20 per barrel and that the price would increase was unthinkable. The International Energy Agency (IEA), the US Energy Information Agency (EIA), the World Bank and others all had prognoses showing that the price would be around $20 per barrel in 2020.

When in 1998 Colin Campbell and Jean Laherr

Using King Hubbert