How BC Differs from Alberta
Now that we have two extra cylinders, the Hubbert Peak is suddenly happening in our back yard...
Hubbert's peak refers to a singular event in history: the peak of the entire planet's oil production. After Peak Oil, according to the Hubbert Peak Theory, the rate of oil production on Earth would enter a terminal decline. On the basis of his theory, in a paper by American Geophysicist King Hubbert presented to the American Petroleum Institute in 1956, he correctly predicted that production of oil from conventional sources would peak in the continental United States around 1965-1970. Hubbert further predicted a worldwide peak at "about half a century" from publication and approximately 12 gigabarrels (GB) a year in magnitude.
Retrieved 2011 05 18 from http://en.wikipedia.org/wiki/Hubbert_peak_theory
Marion King Hubbert b1903 d1989
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