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But if we look back from here and see the oil peak clearly in the past, what follows will be the evidence of how the energy future snuck up on us. The peak no one saw coming.
Peak oil consumption by country varied a bit: Portugal, 2002; Italy, declining since 1995; Ireland, peak in 2007; Spain, peak in 2007; Greece, peak in 2006. Peak demand is very much related to jobs.
Since then, the peak oil advocates have repeatedly increased their estimates of recoverable resources (Campbell’s went from 1.575 to 1.9 trillion) and pushed the date of the peak further out ...
So maybe we have past peak $50/bbl oil. The peak oil story turned out to be more complex than most of us who were debating it could have imagined back in 2005.
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric future.
Royal Dutch Shell says it is already past peak oil. In a Thursday press release, the company said "oil production peaked in 2019," and that it expects an annual decline of 1% to 2% per year.
Royal Dutch Shell, one of the supermajor oil companies, said this week that it could confirm it had reached peak oil production in 2019. As in, it thinks it will never produce that much oil ever ...
In 1956, M. King Hubbert, a US geoscientist working for fossil fuel giant Shell, projected — based on statistical modeling of ...
The U.S. is going to record its greatest oil production increase for any year since 1970. The domestic production will be over $5-million barrels this year. It's the highest single year production ...
It’s been two years since British oil and gas supermajor BP Plc. (NYSE: BP) dramatically declared that the world was already past Peak Oil demand. In the company’s 2020 Energy Outlook, chief ...