The Peak Oil Crisis: 2012 -- Apocalypse Now?

[happyslug]

8. Hubbert's Curve

http://en.wikipedia.org/wiki/Peak_oil

M. King Herbert was the first person to come up with the concept of Peak Oil AND make an accurate prediction based on that concept (It had long been assume oil production would peak and the fall, Herbert was the first man who had access to enough data to make such a prediction).

A post-hoc analysis of peaked oil wells, fields, regions and nations found that Hubbert's model was the "most widely useful" (providing the best fit to the data), though many areas studied had a sharper "peak" than predicted.

http://en.wikipedia.org/wiki/Hubbert_peak_theory
http://www.peakoil.net/publications/hubberts-peak-the-impending-world-oil-shortage

Associations For the Study of Peak oil and Gas:
http://www.peakoil.net/

Yes, other predictions have been made, but Hubbert's was the first accurate prediction. Problems exist with Hubbert's theory, but it is the best guideline we have at present, thus my reliance on it.