Global crude oil production will soon peak, DOE said in 2004
16 Oct 2011
“Worldwide supplies of conventional oil will soon reach a peak production rate and begin an irreversible long-term decline.”
This is the opening line of the 2004 report “America’s Oil Shale: A Roadmap for Federal Decision Making,” by the Office of Naval Petroleum and Oil Shale Reserves, part of the U.S. Department of Energy.
The report talks about the potential for producing large amounts of oil from solid deposits known as oil shale, or more precisely kerogen.
Large “oil shale” deposits are in the Green River Formation, in Colorado, Utah, and Wyoming, and can be easily confused with the similarly named “shale oil” deposits in Montana, North Dakota, Texas, and elsewhere.