Not going to happen but if it did civilization as we know it would cease to exist.
Yes, US oil production peaked in the 70's.
The largest oil reserve which constitutes about 1/3 of the worlds oil in Saudi Arabia peaks in 2008. It is very difficult to quantify if it has or hasn't on a global scale, as many nations have passed peak oil, many haven't, and a few aren't saying how much they have. Add to that there is chance for future prospecting (although discoveries have slumped heavily)
it means that it is probably not going to happen.
Warnings on TVs tell people to get out of the building their in.
Not going to happen but if it did civilization as we know it would cease to exist.
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".
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".
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.
Battle of Phoenix Peak happened on 1947-12-07.
Battle of Turret Peak happened on 1873-03-27.
After hundreds of hours reading, it would seem that we have likely already had the peak in production of oil in 2006
The world's peak oil-producing years are projected to be coming in the years 2020-2030, or earlier.
if oil spill happens maybe it happened in the sea for example then animals are going to turn black because of the oil. This is not actually a positive thing to happen. It is negative which means it's a bad thing to happen.
Yes, US oil production peaked in the 70's.
the up and down
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.