As we all know, gas prices have fluctuated dramatically this past year, up from $4 a gallon this summer down to below $2 in the past month or so. I'm sure this has caused much concern about the future of oil and our dependency on it.
"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."
Some say that it could rapidly devastate societies heavily dependent on oil if proper measures are not taken to switch towards other energies.
Others think that it is all pish posh, and that no such thing could happen as there is much oil in the world that has yet to be tapped, which could be used through this century.
Your thoughts?
"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."
Some say that it could rapidly devastate societies heavily dependent on oil if proper measures are not taken to switch towards other energies.
Others think that it is all pish posh, and that no such thing could happen as there is much oil in the world that has yet to be tapped, which could be used through this century.
Your thoughts?



