Kuwaiti study: Conventional oil to peak in 2014
The Kuwaitis arrive at their conclusion via an updated version of the Hubbert model that uses additional production cycles that consider political situations, new finds, technical innovation and other factors. Their world model is derived from an amalgamation of the individual models of 47 producer countries.
While there are surely those who would disagree with their findings, it is a possibility that should not be ignored. If demand continues on its upward trend, those more optimistic forecasts for future electric vehicle sales may prove accurate.
[Source: Miss Electric / MSNBC]
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