Observing the world of renewable energy and sustainable living

Peak Oil 2018

Here the results of an informal paper concerning the future of global conventional and unconventional oil production. Conclusion: As a result of the current projections, world oil production is projected to peak in 2018, with a production level of 4.4 billion tons. But if political stability returns to some of the key oil producing countries, the gap between the actual oil production and the projected oil production may be closed. This may allow the world oil production to grow for three or four years after 2018. According to the Energy Watch Group, Peak Energy (all fossil + uranium) can be expected at 2020.



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