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Proceedings of the Second International Energy 2030 Conference,
November 4-5, 2008, Abu Dhabi, U.A.E.

Production of Global Hydrocarbon Liquids: Is There a Near-term Peak?

Dr. Richard C. Vierbuchen

ExxonMobil Exploration Company, USA

Abstract
The demand for petroleum liquids is rising, and forecast to increase from approximately 85 MBD in 2006 to 115 MBD in 2030. Forecast demand growth raises questions about whether the petroleum zxresource base is adequate to satisfy long-term demand. This paper addresses these questions, in particular, the validity of predictions of a near-term peak in global liquids supply that are based on the widely used methods developed by Hubbert (1956).




 

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