World Crude Oil Production Projected to Peak in 2014

Alternative energy efforts received a bit of a boon earlier this month from a study published in the American Chemical Society's journal Energy & Fuels, which revealed conventional crude oil production might peak in 2014—a decade sooner than other predictions have indicated.

The study, from scientists in Kuwait, is based on a modified version of the Hubbert model, which accurately predicted that oil production would peak in 1970 in the U.S. The "multicyclic Hubbert" model takes into account the complexities of oil production cycles in countries, which can be influenced by technological advancements, politics, economic conditions, and regulations.

Click here to read our full article on TreeHugger.