oil boom - Fixanswer - Get your knowledge fix!

When Did US Oil Production Peak?

January 24, 2024 by Juan Martinez

When Did US Oil Production Peak? Hubbert’s theory for U.S. production was on the mark, as 1970 proved to be the peak year for oil-well production in that country, at approximately 9.64 million barrels of crude oil per day (compared with some 6.4 million barrels per day in 2012). When was peak oil supposed to

Why Did Nigeria End Up Poor After The Oil Boom?

January 24, 2024 by Emily Lee

Why Did Nigeria End Up Poor After The Oil Boom? What problems did Nigeria encounter after oil was discovered there in 1956? Mismanagement, poor planning, corruption, and a decline of oil left Nigeria poorer than before the oil boom. Why is Nigeria poor despite resources? While Nigeria is known for its oil riches, the reality