What is peak oil

Doom, gloom and murderous biker gangs killing and pillaging their way down deserted highways is what awaits a world without oil, at least according to the most memorable post-apocalypse movie, “Mad Max.”
Murderous biker gangs may be a stretch, but something not so rosy does wait for us at the end of the oil road unless we can come up with an alternate source(s) of fuel.
So what is peak oil?
Peak oil is that unknown point in time when we reach a midway point in oil production or the point when we can no longer produce enough oil to meet world demands.
For example, some scientists estimate that the world has 2 trillion barrels of oil in the earth and that we’ve already reached the midway point. They also believe that even though it took us 125 years to reach the midway point, it will probably take us only another 30 to use the rest.
The problem is that no one will know when we’ve reached the mid point until analysts are studying the problem historically.
The other aspect of peak oil is the point in energy production when the maximum global oil production rate is reached and the world faces oil shortages and higher prices.
As much of the world begins to modernize the demand for oil is going to increase ten-fold. As we are already seeing, the demand for oil is already out-stripping production capability and that demand is only going to increase.
In my mind, peak oil has already been reached.
Hopefully, the next president, whoever he is, will begin to address these concerns.
This is only the tip of peak oil and there is a whole lot more written about it on the Web.
I suggest you look it up for yourself.