Abstract
At the start of the new millennium, the expression “Peak Oil” was unknown. Nevertheless, a discussion about when the world’s rate of oil production would reach its maximum had already begun when the geologist M. King Hubbert presented his model for future oil production in the United States in the 1950s. At that time, Hubbert worked for the Shell Company and his model was discussed for the first time at a conference organized by the American Petroleum Institute (API) from the 7th to the 9th of March 1956 at the Plaza Hotel in San Antonio, Texas.
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References
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Since available data on the energy from oil, coal and gas are given in thermal energy units, the volumes of energy available from hydro, nuclear, and other renewables are converted on the basis of thermal equivalence assuming a 38% conversion efficiency as in a modern thermal power station (2010)
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Aleklett, K. (2012). Peak Oil. In: Peeking at Peak Oil. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3424-5_2
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DOI: https://doi.org/10.1007/978-1-4614-3424-5_2
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