Long-term Outlook
- Oil Production In North America
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Canadian conventional oil production peaked in 1973, but oil sands production is forecast to increase to at least 2020
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US oil production (crude oil only) and Hubbert high estimate.
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Mexican production peaked in 2004 and is now in decline
Broadly speaking Canadian oil production (via standard deep drilling) peaked in the mid-1970s, but due to the new offshore basins being exploited in Atlantic Canada and the boom of the Alberta Oil Sands overall production will not peak until the late 2020s.
Read more about this topic: Petroleum Production In Canada
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