Difference between revisions of "Peak Oil"

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* "In practical and considerably oversimplified terms, this means that if 2005 was the year of global Peak Oil, worldwide oil production in the year 2030 will be the same as it was in 1980. However, the world’s population in 2030 will be both much larger (approximately twice) and much more industrialized (oil-dependent) than it was in 1980. Consequently, worldwide demand for oil will outpace worldwide production of oil by a significant margin. As a result, the price will skyrocket, oil dependant economies will crumble, and resource wars will explode" (Savinar).
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* The Association for the Study of Peak Oil and Gas (ASPO) predicted that Peak Oil will occur in 2010.
* Kenneth S. Deffeyes predicted Peak oil occured at the end of 2005.
 
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[http://www.lifeaftertheoilcrash.net/ Matt Savinar, Life After the Oil Crash]

Latest revision as of 08:40, 1 June 2010

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