Meeting the challenge of Peak Oil

Peak oil is described as the point where oil production stops rising and begins its inevitable long-term decline. No one knows when that will be, but many experts believe we have already reached the peak. Others say it will occur within the next few years. But what will happen after Peak Oil. Here, Lester Brown, President of the Earth Policy Institute, outlines his own vision of the challenge – and the necessary response.
In the face of fast-growing demand, the inevitable decline when Peak Oil is passed, means rising oil prices. But even if oil production growth simply slows or plateaus, the resulting tightening in supplies will still
drive the price of oil upward, albeit less rapidly.

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