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The End Of The Age Of Oil

Peak Oil article based on talk given by Caltech professor, David Goodstein


    "In about 1950, Hubbert realized that the trajectory of oil discovery in the continental United States was going

    to be a classic bell-shaped curve, for the decades from 1910 to 1970, in billions of barrels per year (see figure 1, below). He also saw that there would be a second bell-shaped curve that would represent production, or

    consumption, or extraction. The oil industry likes to call it “production,” but the industry doesn't really produce

    any oil at all. It does, however, reflect the rate at which we use the oil up. Perhaps you could call it supply."







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