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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.
Marion King Hubbert (October 5, 1903 – October 11, 1989) was an American geologist and geophysicist. He worked at the Shell research lab in Houston, Texas.He made several important contributions to geology, geophysics, and petroleum geology, most notably the Hubbert curve and Hubbert peak theory (a basic component of peak oil), with important political ramifications.
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 Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity. The centre is working to raise international public awareness and promote better understanding of the world's oil depletion and peak oil problem. It is based in London and belongs to the New Economics Foundation.
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 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.