The seven years of production of tight oil in the US has produced enough data to enable estimation of the amount of oil that will be recovered from these systems and the timing of peak production. Based on data to May 2014, the four main tight oil basins will produce a total of 7.7 billion barrels with a peak production rate of 3.9 million barrels per day in mid-2015. Following that peak, production is predicted to decline as rapidly as it rose. That in turn is expected to cause a re-assessment of the ability to produce sufficient transport fuels based on current policies. The Bakken in North Dakota Jean Laherrere has plotted monthly oil production from the Bakken Fm in North Dakota using Hubbert linearization: Laherrere 2014 FIG. 1 Also called a logistic decline […]