Multicyclic Hubbert model shows global conventional gas output peaking in 2019

HUBBERT REVISITED—6A new, multicyclic approach to modeling future global production of natural gas reaffiRMS an outlook for growing dependence of Western nations on the Middle East and Russia for their supply as global conventional gas output peaks in the next decade.This multicyclic Hubbert model avoids some of the pitfalls seen with earlier Hubbert-style models of future production peak and decline for oil and gas.However, a lack of country data and questions over the future contribution of unconventional gas resources mean that a completely accurate picture of future global gas supply through even this improved model is not yet available.Gas demand growthNatural gas is one of the...

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