What is Peak oil?
[[File:Hubbert peak oil plot.svg|Hubbert's graph of peak oil|thumb|right|upright]] [[File:Hubbert Upper-Bound Peak 1956.png|thumb|upright|Hubbert's prediction for the United States (red) and actual production (greeen)]] '''Peak oil''' is the idea that at some point an [[oil well]], an oil field, a country, or the world, will be producing the most [[crude oil]] it can ever produce at one time. After this point, less oil will be produced and therefore people will have to use less oil because it will cost more money. Many scientists and governments are concerned about what will happen when there is less oil to go around. The first person to come up with this idea was [[M.K. Hubbert]] in the 1950s and 1960s, who said that a graph of oil production looks like a curve (which we now call Hubbert's Curve). Hubbert drew a graph in 1956 that predicted that the [[United States]] would reach its peak oil in the early 1970s. The United States did indeed reach its peak oil in the early 1970s. It is unclear as to when the world's peak oil will happen, though many scientists agree that it was reached in the early 2000s or before 2020. For example, in 2010 the [[International Energy Agency]] (IEA) has said that peak oil may have happened in 2006.<ref>{{Cite news|url=https://www.csmonitor.com/World/Global-Issues/2010/1111/International-Energy-Agency-says-peak-oil-has-hit.-Crisis-averted|title=International Energy Agency says 'peak oil' has hit. Crisis averted?|date=2010-11-11|work=Christian Science Monitor|access-date=2018-05-11|issn=0882-7729}}</ref> ==References== {{reflist}} [[Category:Energy]]