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'''Peak oil''' is the belief that the peak level of oil production has been reached, or will be reached soon. | '''Peak oil''' is the belief that the peak level of oil production has been reached, or will be reached soon. After the peak has been reached, supply will be increasingly restricted, and the supply-demand balance will lead to dramatically increasing prices, as the declining reserves struggle to meet demand. | ||
In April 2005 China surpassed Japan as the second largest world consumer of petroleum (behind the U.S. of course). | In April 2005 China surpassed Japan as the second largest world consumer of petroleum (behind the U.S. of course). | ||
== Peak oil and climate change == | == Peak oil and climate change == | ||
Note that peak oil is not the same as peak energy.<ref>George Monbiot points out there are many decades of coal remaining, especially with potential new technologies. [ | |||
Note that peak oil is not the same as peak energy.<ref>George Monbiot points out there are many decades of coal remaining, especially with potential new technologies. [https://www.transitionculture.org/2007/04/10/george-monbiot-on-peak-oil-and-transition-towns/ George Monbiot on Peak Oil and Transition Towns] transitionculture.org, 10 Apr 2007.</ref> The solutions to the two problems have much in common, but are not exactly the same, as oil is not the only major influence on climate change. | |||
== Other implications of peak oil == | == Other implications of peak oil == | ||
*Solving the problem by moving to [[biofuels]] can be expected to create competition between food crops and fuel crops, making life harder for the global [[poor]]. | |||
* Solving the problem by moving to [[biofuels]] can be expected to create competition between food crops and fuel crops, making life harder for the global [[poor]]. | |||
== Notes == | == Notes == | ||
<references /> | |||
== See also == | == See also == | ||
== | * [[Low energy economy]] | ||
* [[Transition towns]] | |||
* [[Alternative energy]] | |||
== External links == | |||
* [[Wikipedia:Peak oil]] | * [[Wikipedia:Peak oil]] | ||
* [http://web.archive.org/web/20090524191527/http://www.postcarbon.org:80/groups/ Post Carbon Institute] | |||
* [http://www.lifeaftertheoilcrash.net Life After the Oil Crash] | |||
* [http://en.wikipedia.org/wiki/Peak_Oil Peak Oil (WP)] - lengthy article that surveys different viewpoints on peak oil. Lots of supporting references. The discussion page, which is longer than the article (and that's not including the archive!), is an interesting read. | |||
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[[Category:Peak oil | [[Category:Peak oil]] | ||
Latest revision as of 17:54, 9 June 2023
Peak oil is the belief that the peak level of oil production has been reached, or will be reached soon. After the peak has been reached, supply will be increasingly restricted, and the supply-demand balance will lead to dramatically increasing prices, as the declining reserves struggle to meet demand.
In April 2005 China surpassed Japan as the second largest world consumer of petroleum (behind the U.S. of course).
Peak oil and climate change[edit | edit source]
Note that peak oil is not the same as peak energy.[1] The solutions to the two problems have much in common, but are not exactly the same, as oil is not the only major influence on climate change.
Other implications of peak oil[edit | edit source]
- Solving the problem by moving to biofuels can be expected to create competition between food crops and fuel crops, making life harder for the global poor.
Notes[edit | edit source]
- ↑ George Monbiot points out there are many decades of coal remaining, especially with potential new technologies. George Monbiot on Peak Oil and Transition Towns transitionculture.org, 10 Apr 2007.
See also[edit | edit source]
External links[edit | edit source]
- Wikipedia:Peak oil
- Post Carbon Institute
- Life After the Oil Crash
- Peak Oil (WP) - lengthy article that surveys different viewpoints on peak oil. Lots of supporting references. The discussion page, which is longer than the article (and that's not including the archive!), is an interesting read.
