Peak oil is an abstract term used to predict oil cycles. The point at which peak oil is met can refer to either the world oil supply, or the oil supply of a nation, or the oil supply of a region.
I think the peak is hit as soon as half of all supply has been extracted, which means the level where oil supplies start to slowly decline.
After peak oil, one would suspect that prices raise and supply diminishes.
by whoisbid 6 years ago
Do you believe in Peak Oil?Some people think it is a fact while others think it is a myth. What about you?
by vanteezy 6 years ago
How can we slow down peak oil?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. The concept is based on the observed production rates of individual oil wells, and the combined production rate of...
by David Stillwell 6 years ago
A Science magazine last month had an article that talked about the world wide decline of the honey bee. The article went on to talk about how the French were tagging bees with micro processors to help study bees. It was an interesting article. Consider that 75 percent of the food...
by just jobs 8 years ago
Censoring content? Why does a hub search for "peak oil" return no results?Why does a hub search for "peak oil" return no results, while a search for "peak oil " (with a space at the end) show 1000 results? Is hubpages censoring content?
by Hugh Williamson 6 years ago
In 2011, for the first time since 1949, the U.S. EXported more petroleum products than it imported (by 439,000 bbl per day). 2012 is also expected to be an oil surplus year, as is 2013.So why are we talking about unlimited drilling and accepting the associated environmental costs for this all out...
by Aqeel Saeed 9 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
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