A decade ago, the media was filled with stories about peak oil...
https://www.ge.com/reports/post/110279383303/a-brief-history-of-peak-oil/Feb 9, 2015
...1885 — “The amazing exhibition of oil is a temporary and vanishing phenomenon.†— State Geologist of Pennsylvania
1919 — “Within the next two or five years, the oil fields of this country will reach their maximum production.†— Van H. Manning, U.S. Bureau of Mines
1956 — “U.S. oil production will likely peak between 1965 and 1970 and decline steadily thereafter.†— M. King Hubbert, Shell Oil
1978 — “We are living in the twilight of the petroleum age.†— Glenn Seaborg, Atomic Energy Commission
2005 — “I don’t believe you can it get more than 84 million barrels (per day). I don’t care what…anybody else says.†— T. Boone Pickens, energy investor
2014 — “Beats me.†— James R. Maughan, Technology Director, GE Global Research
The truth is, world oil production has now reached 90 million barrels per day, 10 times what it was in the 1950s, and doesn’t appear to be slowing down anytime soon. Amazingly, the U.S. now produces more oil than Saudi Arabia. What the observers above (except the last, of course) failed to recognize is that technology for exploration and production would somehow outpace the world’s enormous appetite for oil....
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U.S. oil production hits another record high
https://www.tulsaworld.com/business/energy/u-s-oil-production-hits-another-record-high/article_c1336e5c-e27d-5f69-9aa0-25edf4f50e79.htmlFueled by shale oil boom, production nearing 11 million barrels a day
Jun 16, 2018
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The Numbers: World Sets New Records In Use Of Solar, Wind -- And Oil
https://www.forbes.com/sites/rrapier/2018/06/14/world-sets-new-oil-production-record/#45b9b21d752dJun 14, 2018
...First, the report shows that the world achieved a new oil production record of 92.6 million barrels per day (BPD), which is the 8th straight year global oil production has increased....