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'''Peak oil''', as theorized by some geologists and popularized by opponents of [[fossil fuels]] usage, is the point at which when global [[oil]] production will reach a peak or maximum, from which it will begin an irreversible decline.

The '''Peak oil''' theory asserts that there is a point (also called "peak oil") at which global [[oil]] production will reach a peak or maximum, from which it must then begin an irreversible decline. The theory has been floated by some geologists and prometed by [[fossil fuels]] opponents, but suffers from a lack of supporting evidence.

Global oil production will peak sometime between 2008 and 2018 and then decline, according to a controversial new model developed Swedish University of Uppsalla physicist Fredrik Robelius.<ref name=Fox20060418>Melinda Wenner [http://www.foxnews.com/story/0,2933,266764,00.html Study: 'Peak Oil' Will Be Reached by 2018] April 18, 2007 [[Fox News]]</ref>  According to a recent U.S. Government GAO report, world oil production will peak between now and 2040<ref>[http://www.energybulletin.net/28016.html Coverage of the GAO peak oil report] Energy Bulletin, Mar 29, 2007</ref>

Global oil production will peak sometime between 2008 and 2018 and then decline, according to a controversial new model developed Swedish University of Uppsalla physicist Fredrik Robelius.<ref name=Fox20060418>Melinda Wenner [http://www.foxnews.com/story/0,2933,266764,00.html Study: 'Peak Oil' Will Be Reached by 2018] April 18, 2007 [[Fox News]]</ref>  According to a recent U.S. Government GAO report, world oil production will peak between now and 2040<ref>[http://www.energybulletin.net/28016.html Coverage of the GAO peak oil report] Energy Bulletin, Mar 29, 2007</ref>