/piːk ɔɪl/
Timeframe: 01/01/1956 – 01/01/2045
Key Insights
- The Hubbert Curve: This theory suggests that oil production follows a bell-shaped curve; "Peak Oil" is the point in time when the maximum rate of extraction is reached, after which production begins to decline.
- Economic Impact: Historically, this term triggered fears of "resource scarcity" and global economic collapse due to rising fuel costs.
- Shift in Perspective: Modern debate has shifted from "Peak Supply" (running out of oil) to "Peak Demand"—the point where society moves to renewables and no longer wants to extract the remaining oil.
Documents: 📄 Full Publication (PDF)
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