German highway on a car-free sunday during the oil crisis in 1973. (image taken from the website http://www.bundestag.de/blickpunkt/104_Spezial/0501/0501026.html)

Peak Oil

Posted by WhatWow on 25 May, 2011.
Categories Resources, Term

Peak oil is the time when the maximum rate of petroleum extraction is reached globally. After this point, oil extraction enters into a terminal decline. There is much debate about whether peak oil has already occurred, and if it has not already occurred, when it will occur in future. Because a complex method of calculation Read More …

Peak oil in comparison to peak oil per capita.

Peak Oil Per Capita

Posted by WhatWow on 25 May, 2011.
Categories Resources, Term

Peak oil per capita is the point in time when the maximum amount of oil is available per person globally, after which peak oil per capita enters a terminal decline because of population growth and the eventual (or possibly already occurred) point when peak oil production happens. Peak oil per capita, according to many sources, Read More …