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Or to put it another way, his base case at that time was that U.S. oil production would peak in 9 years, but it actually peaked after 14 years and at 15% higher production than projected.
He wrote three books, including When Oil Peaked, which built on the theory that U.S. oil production would peak and decline.
In 1956, M. King Hubbert, a geologist working for Shell Oil in Houston, predicted that American oil production would peak sometime around 1970 and thereafter drop off.
He accurately predicted that US domestic oil production would peak around 1970, 40 years after the period of peak discovery around 1930.
M. King Hubbert was a geologist at Shell who predicted in 1956 that America's oil production would peak and begin to decline in the early 1970s.
Inman takes a Malthusian view in his biography of M. King Hubbert, the renegade geologist who predicted — correctly, it seemed for a time — that American oil production would peak around 1970.
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As recently as September, at a U.N. climate summit, China refused to say when its production of CO2 would peak.
The IEA had previously asserted that oil production would not peak before 2030 at the earliest.
Predictions that global oil production would eventually peak, ensuring prices stayed permanently high, never materialized.
In the 1950s, geophysicist M. King Hubbert predicted that oil production in the U.S. would peak about 1970, then decline as the oil reserves were pumped out.
In a 1956 paper, Shell Oil geologist M. King Hubbert extrapolated from the rates of exploration and exploitation that oil production in the USA would peak around 1971, and decline thereafter.
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