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
Oil depletion in the world
Publication date:
2006-12-22
First published in:
Current Science
Abstract:
Concern over inadequate oil supply has been in the news lately. In this article the basis for concern over future supply is discussed by analysing future production prospects using a model based on the logistic equation and past production data. The aim of the article is to make the use of the model transparent and to broadcast the result that, based on this method, peak oil production in the world is likely by the end of this decade.
Published in: Current Science 91(9):pp. 1148-1152
Available from: Open Access Repository of Indian Institure of Science Research Publications
