Will Pumps Run Dry?

Peak oil refers to the point where oil production starts to drop. Peak oil occurs for all oil wells, which produce increasing amounts of oil in a bell-shaped curve. The amount rises gradually to a peak and then declines from that point in a gradual curve.

When all the world’s oil wells are added up, the overall production follows a similar trajectory. Although there is much debate about when or even if world oil will peak, it doesn’t hurt to learn about it…just in case.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s