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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.
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. Then, in theory ...
The Energy Information Administration recently noted that Peabody Energy , Arch Coal , Alpha Natural Resources , and Cloud Peak supply half of this country's thermal coal. The other 50% of the ...
In October 2009, a report published by the Government-supported UK Energy Research Centre, following 'a review of over 500 studies, analysis of industry databases and comparison of global supply forecasts', concluded that 'a peak in conventional oil production before 2030 appears likely and there is a significant risk of a peak before 2020'. [43]
"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
According to Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, however, the easing of supply chain issues may represent an opportunity for investment.
The term "peak coal" is now used primarily to refer to a peak and subsequent decline in global and national coal consumption. In 2016 experts estimated that China, the world's largest coal consumer, reached peak coal in 2013, and that the world may have passed peak coal. [10] However, in 2017, for the first time in four years, demand for coal rose.
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