Peak Oil


	What is Peak Oil?

	Peak Oil, or Hubbert’s Peak as it is sometimes referred to, is the point in time when global production of crude oil reaches in pinnacle and then enters into a permanent decline. While experts cannot say with exact certainty when Peak Oil will arrive, many believe that it may have already been surpassed. However, their are other petroleum experts who subscribe to the belief that Peak Oil hasn’t been witnessed yet but will within the near future.


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	Inflation Adjusted Crude Oil
	Click to Enlarge



	Chart courtesy of : Chart of the Day


	Peak Oil Forecast Curve
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	Chart courtesy of : Uppsala Hydrocarbon Depletion Study Group


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