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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.
"Hubbert's peak" can refer to the peaking of production in a particular area, which has now been observed for many fields and regions. Hubbert's peak was thought to have been achieved in the United States contiguous 48 states (that is, excluding Alaska and Hawaii) in the early 1970s. Oil production peaked at 10.2 million barrels (1.62 × 10 ^ 6 m 3) per day in 1970 and then dec
US Govt Sponsored Peak Oil Report Draws Disturbing Conclusions 29. July 2005; Interview with Robert Hirsch on Peak Oil: "A Significant Period of Discomfort" Allianz Knowledge Site, 20. June 2008; Where is the Hirsch report by Richard Heinberg; The Hirsch report in PDF HTML version; Audio interview: Robert Hirsch on Peak Oil Mitigation; Robert ...
The book's main points are that modern industrial societies are completely dependent on fossil fuels; they are vulnerable to reductions in energy availability; fossil fuel depletion is inevitable; peak oil is imminent; and that oil plays a major role in US foreign policy, terrorism, war, and geopolitics.
World Without Oil combined elements of an alternate reality game with those of a serious game. The game sketched out the overarching conditions of a realistic oil shock, then called upon players to imagine and document their lives under those conditions. Compelling player stories and ideas were incorporated into the official narrative, posted ...
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.