Get the most out of your questions with IDNLearn.com's extensive resources. Ask anything and get well-informed, reliable answers from our knowledgeable community members.
Peak oil is the maximum point of oil production followed by decline, impacting the world economy and energy consumption.
Peak oil refers to the point at which oil production reaches its maximum level and then starts to decline. This concept is important as oil is a nonrenewable resource, and once peak oil is reached, it could have significant implications for the world economy and energy consumption.
According to predictions, global peak oil was initially expected around 2000, but continued growth in oil production and consumption has delayed this point. The United States, however, already passed its peak oil production in 1970.
https://brainly.com/question/44033244