If you don't know what 'peak oil' is, then maybe this will get you to put the phrase into your search engine and find out. "'About 944bn barrels of oil has so far been extracted, some 764bn remains extractable in known fields, or reserves, and a further 142bn of reserves are classed as 'yet-to-find', meaning what oil is expected to be discovered. If this is so, then the overall oil peak arrives next year,' "
Why should you care?
"The issue is the long downward slope that opens on the other side of peak production. Oil and gas dominate our lives, and their decline will change the world in radical and unpredictable ways,"
Also try "Hubbard's Peak"
Guardian Unlimited | Life | The end of oil is closer than you think:
21 April 2005
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