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
Time's up for petrol cars, says GM chief
Publication date:
2008-01-15
First published in:
Sydney Morning Herald
Abstract:
THE world's biggest car maker, General Motors, believes global oil supply has peaked and a switch to electric cars is inevitable.
In a stunning announcement at the opening of the Detroit motor show, Rick Wagoner, GM's chairman and chief executive, also said ethanol was an "important interim solution" to the world's demand for oil, until battery technology improved to give electric cars the same driving range as petrol-powered cars...
Full article available from: Sydney Morning Herald
