“It has taken between 50-300 million years to form, and yet we have managed to burn roughly half of all global oil reserves in merely 125 years or so.“

Source: www.oildecline.com

Many who research natural resources and their production believe in peak oil.  Peak oil is defined as the maximum rate of the production of oil in any area under consideration, recognizing that it is a finite natural resource, subject to depletion.  In essence, oil will run out some day because it is a non-renewable resources; so oil production will peak, and then permanently decline.  Some are skeptical of these claims and feel that the oil industry is in a much stronger position than peak oil proponents suggest.

Tags: energy, resources, environment, environment modify, climate change, political ecology.