Sliding Down the Oil Curve:
"The Chicken Little Scenario"
This is Part 1 of a series of articles by Rick Cowlishaw, LCGG Steering Committee Member, on Peak Oil.
We are very close to the point when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline. Most of the world is dependent on oil with no substitute in the near future. If global consumption is not mitigated before the peak, an energy crisis may develop because the availability of conventional oil will drop and prices will rise, perhaps dramatically. Page 1.