Peak Oil Production

In the US oil production grew steadily until 1970 and declined thereafter, regardless of market price or improved technologies.

In 1956 M. King Hubbert, a geologist for Shell Oil, predicted that the peaking of US Oil production would occur in the late 1960's. Although derided by most in the industry he was correct. He was the first to assert that oil discovery, and therefore production, would follow a bell shaped curve over its life.

After his success in forecasting the US peak, this analysis became known as Hubbert's Peak. World discovery of oil peaked in the 1960s, and has declined since then. If the 40 year cycle seen in the US holds true for world oil production, that puts global peak oil production, right about now; after which oil becomes less available, and more expensive.

next
Home | About Us | The Eno Team | Testimonials | Client Login | Contact Us | FAQs | Site Map
Web Design by eLink Design, Inc. | Hosted by Intelliwire, Inc.
©2017 Eno Petroleum Corporation. All Rights Reserved.

There are significant risks associated with investing in oil and gas ventures. The above information is for general purposes only and is not a solicitation to buy
or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax
advisor concerning the current tax laws and their applicability and effect on your personal tax situation.