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Has World Oil Production Passed Its Peak?

Posted by ryuzaki0 on from the the-sky-is-falling dept.

dido writes "Princeton University geology Professor Kenneth Deffeyes has been studying world petroleum production data and has come to the conclusion that the world hit peak oil last December 16, 2005. If he is correct, total world oil production will never surpass what was produced last December. From the article: 'Compared to 2004, world oil production was up 0.8 percent in 2005, nowhere near enough to compensate for a demand rise of roughly 3 percent. The high prices did not bring much additional oil out of the ground. Most oil-producing countries are in decline."

6 of 1,250 comments (clear)

  1. Birthday by ZachPruckowski · · Score: 0, Offtopic

    Hey! That (12/16/05) was actually my nineteenth birthday. What a lovely present!

  2. Give Genetics, Nanotech, and Robotics their DUE by bariswheel · · Score: 0, Offtopic

    Let me tell you a story... All statisticians thought, in the 1970s that with the rise of population and nothing being done to thwart crime stats, Chicago's crime rates were going to go off the charts. NO ONE disagreed. Roe V. Wade came out and they legalized abortion. Guess what...crime rates dropped to the ground. Everyone was baffled. Before all the conspiracy theorists start interpreting this observation of this princeton scientist, make sure you look into GNR. The bottom line is, guys, we have absolutely NO idea what's going to happen in the next 10 years. One thing for sure, is that it's going to be an amazing and exciting 10 years. It's pointless to make predictions at this point. Why? Because the world as we know it is changing so fast we don't know what the variables are to making any predictions. and if you really want to be lightened up and all these hippies are depressing the hell out of you with their 'end of the world' stories, GO READ THE SINGULARITY IS NEAR, by Ray Kurzweil. baris

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    Insinct is stronger than Upbringing - Irish Proverb
  3. OF COURSE oil has peaked... by Hao+Wu · · Score: 0, Offtopic
    Oil has peaked.

    This fact is undeniable, given that dissenting views are summarily modded down....

    (PS, mod this up.)

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    I suggest you read Slashdot
  4. Re:If supply is fixed, let'd adjust demand. by shrewd · · Score: 0, Offtopic

    i still can't believe they invented the stretch hummer, we don't have these vehicles in Australia, and just the other day i found out what they were... for shame, you should all know you can't buy masculinity...

  5. Re:If supply is fixed, let'd adjust demand. by Jaysyn · · Score: 0, Offtopic

    Invented? You know you can turn any car or truck into a limousine right? I don't think they come from the factory like that.

    Jaysyn

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    There is a war going on for your mind.
  6. Re:If supply is fixed, let'd adjust demand. by Uncle+Rummy · · Score: 0, Offtopic

    Yes.