Has World Oil Production Passed Its Peak?

["Richard M. Smith" <rms () bsf-llc com>]

Science <http://science.slashdot.org/> : Has World Oil Production Passed Its
Peak? 
Posted by samzenpus on Thursday February 16, @12:59AM
from the the-sky-is-falling dept. 
 <http://slashdot.org/search.pl?tid=99>  
dido <http://slashdot.org/~dido/>  writes "Princeton University geology
Professor Kenneth Deffeyes has been studying world petroleum production data
and has come to the conclusion that the world hit peak
<http://www.princeton.edu/hubbert/current-events.html> oil last December 16,
2005. If he is correct, total world oil production will never surpass what
was produced last December. From the article: 'Compared to 2004, world oil
production was up 0.8 percent in 2005, nowhere near enough to compensate for
a demand rise of roughly 3 percent. The high prices did not bring much
additional oil out of the ground. Most oil-producing countries are in
decline." 

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