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Peak oil production predicted for 2014

MSNBC -- Predicting the end of oil has proven tricky and often controversial, but Kuwaiti scientists now say that global oil production will peak in 2014.

Their work represents an updated version of the famous Hubbert model, which correctly predicted in 1956 that U.S. oil reserves would peak within 20 years. Many researchers have since tried using the model to predict when worldwide oil production might peak.

Some have said production already peaked. One earlier model by Swedish researchers suggested that oil would peak sometime between 2008 and 2018. And other researchers have argued there are decades to go before oil production goes into irreversible decline. The only thing they all agree on: Oil is a finite and very valuable resource.

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Submitted Mar 12, 2010 By: PrepHermit

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Cheymike Champion Author Wyoming Posts:1,136 Points:182,250 Joined:Sep 2009	Message Posted: Mar 12, 2010 6:30:44 PM Ignore Cheymike Report Abuse More food for the mushrooms... There is so much disagreement on this that there is no way to truly know when "peak oil" will be reached. If we started drilling our own oil, we could produce more for the next century than has EVER been produced. Just keep telling the lies so the oil execs and shieks can get richer. Sure we'll believe 'em. NOT!
georgeo Champion Author California Posts:2,521 Points:102,835 Joined:May 2009	Message Posted: Mar 12, 2010 6:29:11 PM Ignore georgeo Report Abuse There they go again. Have to have bad news at least once a day to keep price up.
trojanbuck Champion Author Dayton Posts:3,890 Points:797,665 Joined:Aug 2007	Message Posted: Mar 12, 2010 6:28:17 PM Ignore trojanbuck Report Abuse This from 1) people who will profit from scarce oil or 2) people who brought you global warming. Either way it's all BS!
fire@53 Champion Author Philadelphia Posts:7,086 Points:1,830,375 Joined:May 2003	Message Posted: Mar 12, 2010 6:26:48 PM Ignore fire@53 Report Abuse Once we get rid of the progressives in congress we will be able to drill here.
CheapDiesel Rookie Author Indianapolis Posts:58 Points:22,785 Joined:Nov 2005	Message Posted: Mar 12, 2010 6:24:59 PM Ignore CheapDiesel Report Abuse End of oil??!!! Impossible!!! That would imply that we would actually drill our own resources. At least they should qualify the statement by stating "permissible oil".
Saturn93 Champion Author Salt Lake City Posts:4,245 Points:1,015,740 Joined:Oct 2006	Message Posted: Mar 12, 2010 6:20:35 PM Ignore Saturn93 Report Abuse National Geographic Magazine made a similar prediction a couple of years ago. Basically, all the "easy to get at" oil has been exploited. Remaining reserves will be harder and more costly to develop while overall demand keeps going up.
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 12, 2010 6:19:42 PM Ignore jay4 Report Abuse And yet they find oil off Brazil, Falkland Islands, etc?
lennypizzas Sophomore Author London Posts:158 Points:224,490 Joined:Mar 2009	Message Posted: Mar 12, 2010 6:19:34 PM Ignore lennypizzas Report Abuse i predict the price will go up at the pumps....again
garman87 Champion Author Austin Posts:1,295 Points:1,513,775 Joined:Aug 2005	Message Posted: Mar 12, 2010 6:13:19 PM Ignore garman87 Report Abuse The only thing I predict is gas is going up.
nojsts Champion Author St. Louis Posts:14,048 Points:2,829,905 Joined:May 2002	Message Posted: Mar 12, 2010 6:07:05 PM Ignore nojsts Report Abuse Whatever. There is more oil to be tapped. Big oil is at it again.. Thinking ahead of how many more ways they can gouge us more.
clermont40miles Champion Author Cincinnati Posts:4,766 Points:808,620 Joined:Apr 2008	Message Posted: Mar 12, 2010 6:04:20 PM Ignore clermont40miles Report Abuse Unlock the reserves. Drill domestically. Let the EcoNutz walk. Repair the broken commodities markets. We have much more Peak Stupidity, than Peak Oil.
Zonk Champion Author Michigan Posts:1,591 Points:1,151,775 Joined:Oct 2005	Message Posted: Mar 12, 2010 6:04:09 PM Ignore Zonk Report Abuse It's close but, too far away.
ashishpa All-Star Author St. Louis Posts:744 Points:168,775 Joined:Feb 2010	Message Posted: Mar 12, 2010 6:01:36 PM Ignore ashishpa Report Abuse I like this statement : The only thing they all agree on: Oil is a finite and very valuable resource. Though no one wants to conserve and think about spending efficiently
letmathe Champion Author Chicago Posts:10,032 Points:2,288,540 Joined:May 2001	Message Posted: Mar 12, 2010 5:56:23 PM Ignore letmathe Report Abuse This is not news and we have to plan for it.
NewfieGasMan Veteran Author Newfoundland Posts:394 Points:240,745 Joined:Oct 2009	Message Posted: Mar 12, 2010 5:54:32 PM Ignore NewfieGasMan Report Abuse anything to dive up gas.
Jo120 Champion Author Arizona Posts:3,469 Points:1,314,930 Joined:Mar 2005	Message Posted: Mar 12, 2010 5:53:49 PM Ignore Jo120 Report Abuse Who knows, nobody knows at this point...
TheSnowstorm Champion Author Montreal Posts:4,468 Points:1,006,605 Joined:June 2005	Message Posted: Mar 12, 2010 5:53:34 PM Ignore TheSnowstorm Report Abuse Sure, oil production will peak because, eventually there will be less demander for oil as a fuel source as more and more alternatives come on-line and into the mainstream. This isn't rocket science.
nedthenanite Champion Author Mississippi Posts:4,065 Points:785,285 Joined:May 2008	Message Posted: Mar 12, 2010 5:51:33 PM Ignore nedthenanite Report Abuse If they keep picking random years long enough, eventually they'll be right. ;)
pkhdonovan Champion Author Maine Posts:7,047 Points:1,729,420 Joined:Sep 2005	Message Posted: Mar 12, 2010 5:44:02 PM Ignore pkhdonovan Report Abuse we'll see
Sportdeck Champion Author Atlanta Posts:8,347 Points:1,601,825 Joined:Sep 2003	Message Posted: Mar 12, 2010 5:41:50 PM Ignore Sportdeck Report Abuse 25 years ago this was predicted for 10 years ago. I think this is developed by the oil companies to scare the price up.
heysailor Champion Author Pittsburgh Posts:4,675 Points:1,360,045 Joined:Mar 2006	Message Posted: Mar 12, 2010 5:40:38 PM Ignore heysailor Report Abuse I thought it peaked 25 years ago
hwnguy Champion Author Honolulu Posts:2,981 Points:647,780 Joined:Apr 2008	Message Posted: Mar 12, 2010 5:36:59 PM Ignore hwnguy Report Abuse who knows
4warned Champion Author Michigan Posts:4,253 Points:1,259,885 Joined:Nov 2006	Message Posted: Mar 12, 2010 5:32:58 PM Ignore 4warned Report Abuse Predicting or speculating it all contributes to higher prices for oil. Lets just concentrate on developing alternatives then we will not have to predict.
bell05 Champion Author Atlanta Posts:4,356 Points:907,155 Joined:Jun 2005	Message Posted: Mar 12, 2010 5:31:30 PM Ignore bell05 Report Abuse Yea yea yea
WCCurtis Champion Author San Bernardino Posts:3,020 Points:922,390 Joined:Oct 2005	Message Posted: Mar 12, 2010 5:30:01 PM Ignore WCCurtis Report Abuse How can they say we have reached peak Oil Reserves in the U.S.A.. when we haven't drilled in all places like Alaska and off the coast of California and Florida to know how much is really there? In the World they have found large Deposits off the coast of Brazil and Mexico and in the Gulf of Mexico. The Scientists and Researchers are just trying to scare us into going Green. Its just a Big Scam.
jwalkerh Champion Author Louisiana Posts:2,107 Points:565,075 Joined:Oct 2008	Message Posted: Mar 12, 2010 5:27:48 PM Ignore jwalkerh Report Abuse I agree that oil will run out but who can predict when that will happen but we do need to prepare for the depletion.
tom426 Rookie Author Illinois Posts:54 Points:92,780 Joined:May 2009	Message Posted: Mar 12, 2010 5:24:33 PM Ignore tom426 Report Abuse Oil will run out at some point, just not in our lifetimes.
TopGunn Champion Author Baltimore Posts:4,259 Points:1,642,910 Joined:Aug 2004	Message Posted: Mar 12, 2010 5:21:34 PM Ignore TopGunn Report Abuse "NO" non-renewable resource will last forever!
CiVX Champion Author Oakland Posts:3,140 Points:534,535 Joined:Feb 2009	Message Posted: Mar 12, 2010 5:18:11 PM Ignore CiVX Report Abuse Better if it peaks sooner from reduced demand!
badtazz Sophomore Author Washington Posts:222 Points:81,445 Joined:Jan 2010	Message Posted: Mar 12, 2010 5:17:28 PM Ignore badtazz Report Abuse We still have so much the enviornmentalists won't let us drill for.
impala2008 All-Star Author Ontario Posts:594 Points:214,030 Joined:Sep 2009	Message Posted: Mar 12, 2010 5:17:17 PM Ignore impala2008 Report Abuse The only thing they can predict correctly is that the price of gas will go up
waynemustang Champion Author Indiana Posts:3,228 Points:845,275 Joined:Nov 2006	Message Posted: Mar 12, 2010 5:11:54 PM Ignore waynemustang Report Abuse The "end of oil"??? Hahaha. There will never be an end of oil.
uglytom Champion Author Florida Posts:3,126 Points:684,090 Joined:Jul 2007	Message Posted: Mar 12, 2010 5:10:42 PM Ignore uglytom Report Abuse They haven't predicted anything correctly to date!
caddilac Champion Author Ontario Posts:10,690 Points:1,165,005 Joined:Apr 2007	Message Posted: Mar 12, 2010 5:07:51 PM Ignore caddilac Report Abuse Rick52, is it dark during the daytime when it snows????
MRED3 Champion Author Jacksonville Posts:2,265 Points:443,245 Joined:May 2009	Message Posted: Mar 12, 2010 5:05:11 PM Ignore MRED3 Report Abuse I guess will see in 4 years.
RobertSpratt All-Star Author Virginia Beach Posts:792 Points:234,245 Joined:Jul 2007	Message Posted: Mar 12, 2010 5:03:32 PM Ignore RobertSpratt Report Abuse Drill here, now
carlsonguitars Champion Author Portland Posts:4,239 Points:701,800 Joined:Jan 2008	Message Posted: Mar 12, 2010 5:01:44 PM Ignore carlsonguitars Report Abuse that means we should see the lowest imaginable prices in 2014, right?!?!?! Give me a break, you could wave a stick in the air and know as much as the other guy about oil pricing and production in 4 years.... Heck, I can tell you that in 2014 PRICES WILL STILL BE A TOTAL RIP OFF, they have been for years, and will continue- especially at this rate!!!!
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 12, 2010 5:00:41 PM Ignore Rick52 Report Abuse Will the light get through the Snow ??? [Edited by: Rick52 at 3/12/2010 5:00:56 PM EST]
olcowboy14 Champion Author Spokane Posts:4,685 Points:743,950 Joined:Jul 2007	Message Posted: Mar 12, 2010 4:59:58 PM Ignore olcowboy14 Report Abuse I'm thinking this may be like the local weather forecast.
runway12 Champion Author Tacoma Posts:1,129 Points:263,515 Joined:Aug 2008	Message Posted: Mar 12, 2010 4:58:01 PM Ignore runway12 Report Abuse I am still puzzled by these type of articles in that so many experts use different ways of measurement regarding oil
caddilac Champion Author Ontario Posts:10,690 Points:1,165,005 Joined:Apr 2007	Message Posted: Mar 12, 2010 4:57:56 PM Ignore caddilac Report Abuse Rick52, solar cells work from LIGHT and don't necessarily need direct sunlight. If it is DAYTIME there is LIGHT, and if there is light the solar cell will produce a current, maybe not as much as when the sun is shining directly on them, but still some current. Clouds don't stop all light from reaching us, if they did it would be dark during the daytime on cloudy days. [Edited by: caddilac at 3/12/2010 5:00:07 PM EST]
monarch57 Veteran Author British Columbia Posts:269 Points:24,430 Joined:Nov 2008	Message Posted: Mar 12, 2010 4:57:04 PM Ignore monarch57 Report Abuse We need solar powered cars and cut down on oil usage.
MINER Champion Author Pittsburgh Posts:8,442 Points:2,472,170 Joined:Jul 2002	Message Posted: Mar 12, 2010 4:54:45 PM Ignore MINER Report Abuse Ah does this also mean they know where all the recoverable is..
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 12, 2010 4:53:43 PM Ignore Rick52 Report Abuse Solar ???? Oh my gosh it's been cloudy for four days now ....What are we going to do ??? No lights !!!!!
snewwee Champion Author Detroit Posts:4,999 Points:1,016,055 Joined:Sep 2007	Message Posted: Mar 12, 2010 4:50:30 PM Ignore snewwee Report Abuse As the populations increase, the use of oil will only get larger until someone wakes up to realizing we need an alternative fuel. Solar power is the way to go.
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 12, 2010 4:50:28 PM Ignore Rick52 Report Abuse No peak Oil here ...Watch !!!!!! http://video.google.com/videoplay?docid=3340274697167011147#
JoeKR Champion Author New Jersey Posts:4,990 Points:1,112,125 Joined:Feb 2006	Message Posted: Mar 12, 2010 4:46:07 PM Ignore JoeKR Report Abuse Even if the conservative estimate of several decades is the correct prediction for peak World oil, there's not a moment to waste in finding replacements for that form or energy.
TFowler513 Champion Author Memphis Posts:2,382 Points:590,510 Joined:Mar 2008	Message Posted: Mar 12, 2010 4:46:03 PM Ignore TFowler513 Report Abuse Too bad it won't matter after 2012!!!
littlebigboy Rookie Author South Dakota Posts:84 Points:635,605 Joined:May 2007	Message Posted: Mar 12, 2010 4:42:20 PM Ignore littlebigboy Report Abuse Starfighter, you are exacty right.
starfighter08 Champion Author Illinois Posts:1,013 Points:160,125 Joined:Sep 2008	Message Posted: Mar 12, 2010 4:40:13 PM Ignore starfighter08 Report Abuse If we could get rid of the Libs and the Dems, we could start drilling right here and gas would drop to 30 cents a gallon. We've got more oil here in the US in proven, but untapped reserves than they do in the Middle East, but the tree huggers and the Dems won't let us drill here. DRILL HERE, DRILL NOW!!!!
Toppers Champion Author Atlanta Posts:4,132 Points:1,504,315 Joined:Mar 2005	Message Posted: Mar 12, 2010 4:35:41 PM Ignore Toppers Report Abuse Makes one wonder...
HEBster Champion Author Kentucky Posts:3,953 Points:1,412,360 Joined:May 2006	Message Posted: Mar 12, 2010 4:32:02 PM Ignore HEBster Report Abuse Didn't know that info was out...