Peak Oil Consumption - How Much Oil Is Left?

Peak Oil Consumption – How Much Oil Is Left?

August 30, 2012

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. Leading geophysicists predict that peak is either currently occuring, or will have occured by 2015. Meanwhile, demand for oil continous to increase at anextraordinary rate. Which raises the question… […]