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Peak oil is the theory that there is some point at which the production of oil can no longer expand, and will instead begin to contract. This is a very controversial theory, and some experts believe we have reached or will reach it soon. It presumes however that there are no other places from which oil is developed which we have not already found, but may discover later. If peak oil has been reached, then the supply of oil across the globe can be expected to begin declining. Again, this is one of many theories concerning oil currently.
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What is the theory of peak oil?
The definition of peak oil, depending on who you ask, is slightly different; some say it is the last point when our demand for fossil fuels is met by oil production, while others define it as the time when maximum global oil production is reached, and declines hereafter. Regardless of semantics, the theory of peak oil basically states that at our current, rapidly expanding rate of oil consumption, we will reach a point in time when oil production will no longer meet our needs. Those who believe in peak oil theory will state that, either we are approaching peak oil (in the next 10, 15, or 20 years), or we are already at the point of peak oil. After the point of peak oil, because supply is not meeting demand, there will be accelerated hikes in gas prices (and since most food and product manufacturing requires oil), there will be hyperinflation in the economy.
What is the definition of peak and valley performance and times?
· Peak and valley performance and times
Who makes peak oil?
PEAK makes peak motor oil, they are known for their antifreeze products before they launched their motor oil line. It's apparently already sponsored the IndyCar when it was first launched in 2007, and is being called "premium motor oil".
What word is picture a mountain peak a good way to remember the definition?
"Picture a mountain peak" is a good way to remember the definition for zenith.
Who makes peak motor oil?
PEAK makes peak motor oil, they are known for their antifreeze products before they launched their motor oil line. It's apparently already sponsored the IndyCar when it was first launched in 2007, and is being called "premium motor oil".
What is definition of local peak season?
The local peak season is the time of year when foods grown locally are ripening.
When is the Peak Crude Oil predicted by majority of economists?
After hundreds of hours reading, it would seem that we have likely already had the peak in production of oil in 2006
When are the world's peak oil-producing years projected to be?
The world's peak oil-producing years are projected to be coming in the years 2020-2030, or earlier.
Are there any solutions to Mexico peak oil?
the up and down
What is the conversion for rms power to peak to peak power?
RMS power is Peak-To-Peak power divided by the square root of 2.This definition, however, only holds true for a non-reactive, or resistive, load, with a power source that is truly sinusoidal.
What is a good image to picture to help you remember the definition of the word zenith?
a mountain peak
Why did the oil industry collapse?
The oil industry in Oklahoma, to be specific. In 1983, the year after its peak, why did the industry collapse?
