About the Oil Depletion Protocol – by Richard Heinberg

The Oil Depletion Protocol is a historically significant agreement that promises to set a global precedent for dealing with resource scarcity through cooperation and voluntary moderation rather than competition and conflict. It is inherently simple, calling for a gradual reduction in petroleum consumption according to a transparent formula. And it can be implemented at any level-internationally, as well as by individual countries, municipalities, businesses, and individuals.

The need for such a protocol is becoming increasingly plain. Petroleum is a non-renewable, polluting, and depleting resource on which the world has become dangerously dependent. This in itself should be cause for nations to find ways to reduce their consumption and thus their dependency.
Energy Bulletin