According to a predictive model from Huber (1956), the proven reserves of oil should have
reached a roof value by 2000, as the production of petroleum should begin to fall. In
contrast, more recent data show that between 1989 and 2008, the proven oil reserves seem to
have increased from 1006 to 1333 billion barrels (BP, 2011). On the other hand, while the
world oil consumption was about 86 million barrels/day in 2006, it would reach 107 million
barrels/day by 2030. The transportation sector would be responsible for 80% of this increase
(U.S. Energy Information Administration, 2009) and would consume 76% of the world oil
production by 2030 (International Energy Agency, 2008).