Peak Oil

Petroleum powers 96% of the transportation on the planet and is the key ingredient in plastics and fertilizers. Its integral role in human civilization cannot be overestimated - without it modern life would be impossible. Over the last century, the global petroleum supply could be counted on to meet demand; today however, the situation appears to be changing.

The developing world - led by China and India - is modernizing at a blistering pace, and their appetite for oil is driving up demand all over the globe. At the same time, production is declining in all but a few countries.

For decades, scientists, government officials, and business leaders have warned of Peak Oil, the point at which global petroleum production reaches its maximum level and begins to drop. While many official sources claim that Peak Oil is decades away, numerous signals suggest that Peak Oil may happen much sooner than that…

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