Tag Archives: #peakoil

WHY YOU NEED TO KNOW WHAT “PEAK OIL” MEANS AND ITS POTENTIAL REPERCUSSIONS

PEAK OIL Peak oil refers to the point in time when the maximum rate of global oil production is reached, after which production is expected to decline gradually. Here are the potential repercussions of peak oil at different levels: Family Level: Increased fuel costs for transportation, leading to higher prices for goods and services. Rising […]