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Unlike peak oil demand, peak oil generally is concerned with the global supply of oil, due to the importance of oil to the global economy. The central idea revolves around technological advancements such as the development of electric vehicles and potentially biofuels in order to phase out gasoline or diesel powered vehicles.
The Hubbert peak theory, also known as peak oil, is an influential theory concerning the long-term rate of production and depletion of conventional oil and other fossil fuels. It predicts that future world oil production will soon reach a peak and then rapidly decline.
A logistic distribution shaped world oil production curve, peaking at 12.5 billion barrels per year about the year 2000, as originally proposed by M. King Hubbert in 1956. In 1956, M. King Hubbert created and first used the models behind peak oil to predict that United States oil production would peak between 1965 and 1971.
Chris Skrebowski is a well-known commentator on the oil industry and an expert on global oil supply. He is the founding Director of Peak Oil Consulting and consulting editor for Petroleum Review, [1] the magazine of the UK Energy Institute.
Re-Logic is an American independent game developer and publisher based in Indiana in the USA. It was founded by Andrew Spinks in 2011. The company is best known for developing and publishing Terraria, a 2D action-adventure sandbox video game.
A group of mod developers may join to form a "mod team". Doom (1993) was the first game to have a large modding community. [6] In exchange for the technical foundation to mod, id Software insisted that mods should only work with the retail version of the game (not the demo), which was respected by the modders and boosted Doom ' s sales.
Matthew Roy Simmons (April 7, 1943 [4] – August 8, 2010) was founder and chairman emeritus of Simmons & Company International, and was a prominent figure in the field of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies.
The concept of peak minerals is an extrapolation and extension of Hubbert's model of peak oil. Although widely cited for his predictions of peak oil, Hubbert intended to explore an appropriate response to the finite supply of oil, and framed this work within the context of increasing global population and rapidly growing consumption of oil.