PEAK OIL

Peak Oil



Peak Oil

To: Transport Industry

From: Minister of Transport

RE: Peak Oil Concern

Statement of Issue: The negative consequences of Peak Oil for transport industry.

Discussion

Population growth, rising consumer demands, industrialization, and environmental degradation strain the world's resources since the world's population is also growing in prosperity. The authors reached the conclusion that the limits to growth would be reached within the 21st century, citing the most likely outcome as sudden and unrecoverable decline in human population and industry. Oil does not dry up immediately, because the dynamics of oil production is described by a Gaussian curve. In the oil industry, there ...