King Hubbert, a US geoscientist working for fossil fuel giant Shell, projected -- based on statistical modeling of known oil reserves at the time -- that global crude oil production would peak ...

A completely different case is that of crude oil in the US, where the post-peak decline is compatible with the Hubbert model. Here is a comparison of the two cases (from EIA ). The scale is ...

(This is a guest post from The Oil Drum by Jean Laherrère ... despite a sharp increase in price! The Hubbert linearisation is hopeless, being far from peak. Peru's production will peak around ...