PEAK OIL
Oil production forecasts on which predictions of peak oil are based are sometimes made within a range which includes optimistic (higher production) and pessimistic (lower production) scenarios. A 2013 study concluded that peak oil “appears probable before 2030,” and that there was a “significant risk” that it would occur before 2020,[4] and assumed that major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. Pessimistic predictions of future oil production made after 2007 state either that the peak has already occurred,[5][6][7][8] that oil production is on the cusp of the peak, or that it will occur soon.[9][10]
https://en.wikipedia.org/wiki/Peak_oil
Oil production
World oil production rose by only 0.6 million b/d in 2017, below average for the second consecutive year
Production fell in the Middle East (-250,000 b/d) and South & Central America (-240,000 Kb/d) but this was outweighed by growth from North America (820,000 b/d) and Africa (390,000 b/d).
https://tinyurl.com/y9mzffoc
Oil production forecasts on which predictions of peak oil are based are sometimes made within a range which includes optimistic (higher production) and pessimistic (lower production) scenarios. A 2013 study concluded that peak oil “appears probable before 2030,” and that there was a “significant risk” that it would occur before 2020,[4] and assumed that major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. Pessimistic predictions of future oil production made after 2007 state either that the peak has already occurred,[5][6][7][8] that oil production is on the cusp of the peak, or that it will occur soon.[9][10]
https://en.wikipedia.org/wiki/Peak_oil
Oil production
World oil production rose by only 0.6 million b/d in 2017, below average for the second consecutive year
Production fell in the Middle East (-250,000 b/d) and South & Central America (-240,000 Kb/d) but this was outweighed by growth from North America (820,000 b/d) and Africa (390,000 b/d).
https://tinyurl.com/y9mzffoc