If you look at the US production of crude oil, you can see that
the data...
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If you look at the US production of crude oil, you can see thatthe data trend for peak oil occurring around 1970. Since then ithas declined with a plateau here and there. However around 2010, USoil production has increased quite a bit. What do you think is thecause for increase in oil production at the time?
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The 1970s energy crisis when the Western world particularly theUnited States Canada Western Europe Australia and New Zealandfaced substantial petroleum shortages real and perceived as wellas elevated prices The two worst crises of this period were the1973 oil crisis and the 1979 energy crisis when the
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