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
The Nature of Growth
Publication date:
1974-06-06
First published in:
National Energy Conservation Policy Act of 1974
Abstract:
The earth and its biological inhabitants comprise an evolving system in which various of its components change in magnitude with time. To describe these changes we may use the term ``growth'' in a generic sense as being synonymous with change. Thus a given quantity may be said to exhibit positive growth if its magnitude increases with time, negative growth if it decreases with time, and zero growth if it remains constant.
Two terms applicable to an evolving system are of fundamental importance. These are steady (or stationary) state and transient state. A system is said to be in a steady state when its various components either do not change with time, or else vary cyclically with the repetitive cycles not changing with time. A system in a transient state is one whose various components are undergoing noncyclical changes in magnitude, either of increase or decrease...
Published in: National Energy Conservation Policy Act of 1974, Hearings before the Subcommittee on the Environment of the committee on Interior and Insular Affairs House of Representatives. June 6, 1974.
Available from: www.mkinghubbert.com
