peak oil


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peak oil

The maximum in production of oil, the energy-rich, highly versatile and easily transportable fuel.

The impact of oil on healthcare is only recently being recognised. The healthcare conclusions in the report commissioned by leaders in Bristol (UK) are that oil is the primary raw material for many drugs, equipment and supplies; that transport of patients, staff, deliveries and service are heavily dependent on oil; that suppliers are not required to provide business continuity plans in the event of fuel shortages; and rising oil costs would seriously affect health service budgets.
References in periodicals archive ?
Peak oil theory also holds that what is true of an individual field or set of fields is true of the world as a whole.
According to the Peak Oil theory, at some point production of both oil and gas would reach a peak as existing fields continued to age.
In 2008 several major UK companies including Virgin created the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES).
On the question of whether or not peak oil will arrive in the coming years, the response of Total CEO Christophe de Margerie was simple: "There will be sufficient oil and gas and energy as a whole to cover the demand.
The problem of peak oil remains," said Thierry Desmarest, chairman of French giant Total.
However, Total Chairman Thierry Desmarest said: "The problem of peak oil remains.
The challenge is to reduce the peak oil demand," Al Khateeb said, adding global oil consumption is expected to reach 120 million barrels per day before 2040.
It seems to me that given our previous electricity price increases, the situation of peak oil, and rapidly declining gas supplies from UK fields, that prices are likely to increase much more significantly by 2020.
As the report points out, the debate about peak oil is a polarised one.
Even though there are no geological or economic reasons to expect imminent peak oil, the world could easily experience "political peak oil.
Oil Dusk: A Peak Oil Story" tells the story of how a Suburban family deals with this catastrophic situation where oil supplies begin to dry up and the United States falls into chaos.
Last May, ACF held a public forum in Sydney featuring President of the Association for the Study of Peak Oil and Gas (ASPO International) Professor Kjel Aleklette, and other experts, who spoke about global warming and peak oil.