peak oil


Also found in: Dictionary, Acronyms, Wikipedia.

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 ?
Most recently in May 200, Auckland Regional Council resolved "to initiate the development of a multi-party Auckland regional energy strategy and action plan......" The Green Party has produced a raft of new bills, and is working on the terms of reference for a select committee inquiry into peak oil. On the surface it appears a shift in policy direction is underway.
* What actually happened: I didn't make specific price forecasts in 2003, but the probability of higher oil prices is implicit in the very notion of peak oil. The average price of oil in 2003 was $30, while the price in 2013 was over $100 (see "Annual average WTI and Brent crude oil spot prices from 1990 to 2013" at statista.com).
1 oil producer sparked the "peak oil is dead" deluge in the first place.
Despite decades of being thoroughly maligned by most of the world, the Oil and Gas sector still controls the majority of the planet's energy resources.BGreen looks at the concept of peak oil and what that means for resource efficiency in the industry
OUR cover image for this issue makes the potent point that for some environmentalists the threat that the world's oil production will soon begin to decline - so-called peak oil - is the biggest danger facing us in the short to medium term.
After starting with three well-organized chapters linking an end to global economic growth with peak oil and other environmental limits, the narrative ventures into anecdotal arguments about the limits of human innovation.
In the second, the author interrogates eleven different claims about everything from peak oil and the circumstances surrounding its extraction and trade.
The issue of peak oil and energy descent has been actively discussed in environmental circles particularly over the past decade.
Reserves of Novoportovskoye are about 404m toe (peak oil production is about 13.1m toe per year), Messoyakha reserves are 560m tons of oil and 230b cm of gas (peak oil production about 20m tons and 10b cm per year).
Despite having the same data, oil industry economists insist Peak Oil is merely hype, a non-issue.
Transition Towns are grass-roots local groups finding local ways of dealing with the threats of peak oil and climate change.