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Oil factor
Stephen leeb & DonnaLeed
 
Production & Consumption
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Production
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Oil deposit in Mideast
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Laherrere
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US Petroleum production prediction
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Hubbert’s peak
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Consumption
 
Hubbertpeak.com
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Hubbert’s law -Hubbert’s curve -Hubbert’speak
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According to this model, the rate of oil production isdetermined by the rate of new oil well discovery.
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 The relative steepness of the projected rate of decline of theproduction curve is the main cause for concern about theeconomic and social impact of Peak Oil.
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 This is because a steep drop in the production curve impliesthat global oil production will decline so rapidly that theworld will not have enough time to develop sources of energy to replace the energy now used from oil. ---wiki
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His prediction in 1956 that U.S.oil production would peak inabout 1970 and decline thereafter was scoffed at then buthis analysis has since proved
to be remarkably accurate
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