Hi icm63.................. having been around in the 1950-60's...

Hi icm63.................. having been around in the 1950-60's --- I have seen the 'predictions' of many things ' peak oil' (there is a product named that)

' However PEAK OIL production is near,'

With the utmost respect, I take all these -predictions- as Bull Sh--. Even academics cannot predict- some have challenges with 24 time? Look at Prof Flip Flop Flannery.
Some research (some on costs - others production) backs up my thoughts :- However - one day a prediction may strike it right ?

In 1956, geologist M. KingHubbert famously predicted that U.S. domesticoil production in the lower 48 states would peak around 1970. Then, more than a decade later, in 1969, Hubbertpredicted that 'peak oil' would be seen globally around 2000.

What was the peak oil prediction in 1970?

Using the peak oil theory,Hubbert predicted that U.S. crude oil production would peak sometime between1965 and 1970. He was partially correct – U.S. production reached 9.6million barrels per day in 1970 before decreasing through 2008.

S&P Global predicts oil demand to peak at around 111 million barrels perday in 2031, but be sustained at around that level for mostof the 2030s, only to see substantial decline from 2039 onward. By 2028,Commodity Insights forecasts demand to reach 109.5 million bpd versus the IEA's105.7 million bpd.

Is peak oil coming?

There was a consensus betweenindustry leaders and analysts that world oil production would peak between 2010and 2030, with a significant chance that the peak will occur before 2020.

Who owns peak oil?

Tom Pearson founded Peak Oilas a business from his home address in Dronfield, back in 1972 and explains howit all began: “I started Tom Pearson Oils with my wife Rachel in 1972, largelybecause I didn't want to move away from the area where we were living

What was the peak of oil in the 80s?

The world price of oil hadpeaked in 1980 at over US$35 per barrel (equivalent to $124 per barrel in 2022dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10($72 to $27 in 2022 dollars).