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Line 1: − − 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> Line 12:
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move down predictions, because they never pan out
The '''Peak oil''' theory asserts that there is a point at which global [[oil]] production will reach a peak or maximum, from which it must then begin an irreversible decline.<ref> "It’s the theory that geological scarcity will at some point make it impossible for global petroleum production to avoid falling, heralding the end of the oil age and, potentially, economic catastrophe." [http://www.nytimes.com/2009/08/25/opinion/25lynch.html?_r=2] </ref>
The '''Peak oil''' theory asserts that there is a point at which global [[oil]] production will reach a peak or maximum, from which it must then begin an irreversible decline.<ref> "It’s the theory that geological scarcity will at some point make it impossible for global petroleum production to avoid falling, heralding the end of the oil age and, potentially, economic catastrophe." [http://www.nytimes.com/2009/08/25/opinion/25lynch.html?_r=2] </ref>
The theory has been floated by some geologists and promoted by [[fossil fuels]] opponents, but suffers from a lack of supporting evidence.
The theory has been floated by some geologists and promoted by [[fossil fuels]] opponents, but suffers from a lack of supporting evidence.
==Additional oil resources==
==Additional oil resources==
==Popular and fringe theories==
==Popular and fringe theories==
[[James Howard Kunstler]]'s 2005 book ''The Long Emergency'' is a popular book claiming that civilization is doomed during the next couple of decades due to peak oil. Similar doomsday scenarios are promoted by [[Richard Heinberg]] in a series of books with names like ''The Party's Over'', ''Powerdown'', ''Peak Everything'', and ''Blackout''. On the [[Internet]], a [[blog]] called "The Oil Drum" and the website "Dieoff.org" are the most prominent popularizers of "peak oil" doomsday scenarios, including the notion that mass starvation will occur in the next few decades.
[[James Howard Kunstler]]'s 2005 book ''The Long Emergency'' is a popular book claiming that civilization is doomed during the next couple of decades due to peak oil. Similar doomsday scenarios are promoted by [[Richard Heinberg]] in a series of books with names like ''The Party's Over'', ''Powerdown'', ''Peak Everything'', and ''Blackout''. On the [[Internet]], a [[blog]] called "The Oil Drum" and the website "Dieoff.org" are the most prominent popularizers of "peak oil" doomsday scenarios, including the notion that mass starvation will occur in the next few decades.
==Various predictions==
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>
==Rejection of theory==
==Rejection of theory==