“Peak Oil”
by Al Remington | December 10, 2009
You may not have heard of the phrase “peak oil” just yet, but you will hear and see that phrase more often in the months ahead. It is a term that is being discussed at supra-governmental level, in government departments, universities, research institutes, think-tanks and even in the media.
“Peak oil” is going to become a household term in the same way that “global warming”, “climate change”, “third world poverty” and “consumer society” filtered down from academia to the popular press and media to become everyday terms.
Peak oil spells the end of cheap oil and gas. It is the moment when 50% of the world’s reserves of these two finite fuel sources are used.
From British National Party discussion on Peak Oil web site. Informative and thorough.
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