[gwmss15]

is there any good website or articles that give a good summary of what peak oil is about and what its effects are

hopefully under 750 words in total.

[Aaron]

http://www.peakoil.com/sample/index.html

[Licho]

Huh? Trying to do your homework the easy way??

[RonMN]

A permanent decline in world oil production leading to the rising cost of everything which will bring about the onset of negative economic growth!

Remember that Peak Oil has more to do with the economy than it does with oil...
For a more detailed answer to everything about it read:
WWW.LIFEAFTERTHEOILCRASH.NET

[gwmss15]

iam going to use it on some people who have poor english to test a theory on can peak oil concepts be understood in english by non english speaking people by having them read it

[aldente]

Peak oil is the point in time when extraction of oil from the earth reaches its highest point and then begins to decline.
(source and best collection of links: www.peakoil.org)

[thegrq]

This is how I see peak oil:

Peak oil means that we won't be able to extract oil from the ground at a faster rate and coincides roughly when we have used up about half of the oil that exists (or at least that we have access to with our technology). It does not mean that we have run out of oil. In order to grow economically, the world needs to use more energy and therefore it needs to extract more oil from the ground every year. When peak oil hits, we won't be able to extract oil at a faster rate and therefore our economies won't be able to grow. This has wide implications, the price of oil will get out of hand, we won't be able to afford to drive to work, food will be too expensive and countless other repurcussions. Peak oil is a scientific fact, it happened in the US in the 1970s and the US has not produced oil at a faster rate than it did in the 70s. The argument is when will the world hit peak oil. Some analysts think it will be by 2009, others think it has already hit and others think it will be a long time from now. It was reported that OPEC has a spare 2 million barrels per day though and the world is expected to use that by next winter.

[AdamB]

$this->bbcode_second_pass_quote('RonMN', 'A') permanent decline in world oil production leading to the rising cost of everything which will bring about the onset of negative economic growth!