Sentences with phrase «oil theory predicts»
Not exact matches
A survey conducted recently by COMPAS Inc. found a majority of Canadian CEOs polled subscribe to peak - oil theory — the idea that the planet is running out of easily accessible and economical oil — but believe it is difficult to predict when peak production will occur.
http://www.canadianbusiness.com/
The theory was confirmed empirically when Hubbert correctly predicted that U.S. oil production would peak in 1970, and decline each year thereafter.