What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Volvo Trucks Accept Peak Oil
Submitted by Mikael Höök on Fri, 2008-02-15 22:37.
The industries for production of Motor Vehicles and Airplanes are the industries that more then others dependent of future oil production. Today an environmental agenda can bee seen for the players and the industries try to have CO2 reduction as one of the driving lines for future production. When it comes to Peak Oil we have a completely different picture. Looking through different documents regarding future fuels we find that there is only one company that have Peak Oil as part of the agenda and that is Volvo Trucks in Sweden. In the document Future Fuels for Commercial Vehicles they state: “Global oil production will probably peak within a decade and the time of cheap and abundant oil will be over.” Their document can be found from here: »
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