what did hubbert predict would happen to the oil industry 
hubbert predicted that crude oil production would peak in the 1970s and decline from that point onwards at the time of his writing hubbert was generally correct as u s oil production did peak at the time however hubbert was not aware of the discovery and production of additional reserves such as from alaska as well as the implementation of new technologies such as fracking which has allowed u s oil production to increase 13who is the largest producer of oil as of 2022 the united states was the largest producer of crude oil producing 11 89 million barrels per day saudi arabia was the second largest producer producing 10 64 million barrels per day 14