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BP - US oil production expected to peak in 2039, per EIA -October 2019
The US Energy Information Administration projects US oil production will peak at 14.28 MMbo/d in 2039 and fall to 12.18 MMbo/d by 2050. Global oil production is expected to rise 30% from 2018 levels to 127 MMbo/d in 2050. During that period world energy consumption will rise nearly 50%, with almost all of the increase occurring in non-OECD countries. To meet electricity demand, consumption of all primary energy sources will increase. Natural gas is......
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