What is Peak Oil Theory? A Thorough Look at This heavily Debated Topic

Currently there is a lot of debate going on regarding Peak Oil and precisely what we need to be doing about it, both now and in the near future.

The term “peak oil” refers to that specific point in time when the Earth’s oil supply will finally reach that theoretical “maximum rate” of global petroleum extraction and will then signal the start of a progressive decline, where our thirst for oil will finally exceed our available supply of oil!

“Peak Oil Theory” is a concept originally derived from the measured postulates and predictions of M. King Hubbert, who in the year 1956, set out to scientifically formulate a method to prognosticate peak oil production within the United States between the years 1965 and 1970.

Vague interpretations and misunderstanding swept the media which led to people often confusing the concept of