Peak Oil
May 30, 2008 by Gav · 9 Comments
Call me a scaremonger but PEAK OIL is real and it is happening. Skeptics and deniers can keep their heads in the sand. Even with a small decline of 2% per annum PEAK OIL is estimated to occur around 2018. THAT’S ONLY 10 YEARS AWAY!
Definition:
Peak oil is the point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline. If global consumption is not mitigated before the peak, an energy crisis may develop because the availability of conventional oil will drop and prices will rise, perhaps dramatically. Read more
![[del.icio.us]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/facebook.png)
![[Google]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/google.png)
![[Kwoff]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/kwoff.png)
![[Mixx]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/mixx.png)
![[Reddit]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/reddit.png)
![[StumbleUpon]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/stumbleupon.png)
![[Technorati]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/technorati.png)
![[Windows Live]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/windowslive.png)
![[Yahoo!]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/yahoo.png)
![[Email]](http://www.irrepressibletangent.com/wp-content/plugins/bookmarkify/email.png)
