With oil prices skyrocketing, companies are squeezing every ounce out of wells

…Andreason said oil is getting hard to find in Michigan, and throughout the world.

He and other area oilmen say they believe in the theory of peak oil, postulated by Shell Oil geologist M. King Hubbert, who predicted in 1956 that U.S. oil production would peak by 1970. Later, Hubbert predicted world production would peak by 2000.



“I think we’re either at it or very near it,” Andreason said.

“I’ve been in this business a long time, and I’ve worked all over the world, and I see the same thing everywhere. It’s just harder to get out of the ground, even in the Middle East.”

Bay City Times