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Eric Fox's
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Interesting article, but would it come as a shock to all that production in the United States has stopped declining? (Sorry Mr. Hubbert). In 2007 for the first time since 1991, production in the U.S. was flat with 2006. The govt predicts that domestic oil production in 2008 will again be flat with 2007 before rising 4.2% in 2009.
Jun 03 16:24 pm
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All Comments by Eric Fox »Has Oil Production Reached a 'De Facto' Peak? [View article]
www.eia.doe.gov/emeu/s...
No oil field in the universe has a bell shaped production curve, there are secondary peaks due to new technology, etc. There was a four year period in the 1980's where domestic oil production increased every year.