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."
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Of the many extremely ingenious, powerful and, yes, frustrating concepts and approaches that Howard Odum left us, the one with the most power to change how we understand the Earth, was that of maximum power. This theoretical framework, has subverted how most of his students and colleagues think about systems in general, transformed the way we think about ecosystems, natural selection, and even our environmental and general politics. The concept has not always been a comfortable one, but it is an exceedingly exciting and commanding one … and therein lies its interest. For most of us who have been exposed to it in some detail, there is no doubt as to its veracity. What remains to be answered, however, is just how wide is its net?
Published in: Ecological Modelling, Volume 178, Issues 1-2, 15 October 2004, Pages 107-113