He supposed that the rate of oil production would follow a similar curve, now known as the Hubbert Curve (see figure). In 1956 Hubbert predicted that production from the US lower 48 states would peak between 1965 and 1970. Despite efforts from his employer to pressure him into not making his projections public, the notoriously stubborn Hubbert did so anyway. In any case, most people inside and outside the industry quickly dismissed the predictions. As it happens, the US lower 48 oil production did peak in 1970/1. In that year, by definition, US oil producers had never produced as much oil, and Hubbert's predictions were a fading memory. The peak was only acknowledged with the benefit of several years of hindsight.Just because we don't care or mislaid the fact that the original peak oil predictions were actually correct we shouldn't confuse that feeling for information.
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posted by infini at 9:24 AM on January 5