Peak Oil is You
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Page added on April 13, 2011
Peak Oil Theory
Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. This concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells
2 Comments on "Peak Oil Theory"
C. Paul Davis on Thu, 14th Apr 2011 2:57 am
An excellent video. I wanted it to play longer with more data.
Paul Davis
Kenz300 on Fri, 15th Apr 2011 6:18 am
Oil price inflation means inflation in the cost of EVERYTHING. It all is either made or transported with oil. We will use less energy as the price increases and we determine that fuel efficiency is a greater priority.