Category: environmental Hits: 1940
The same goes for oil and the point when the rate of production is expected to enter the declining phase is called as Peak oil. Higher oil prices and rapidly increasing demand for oil has started raising global concerns among the leading geophysicists. The following infographic covers all the statistical facts that include records of global oil production, crude oil figures, world total consumption per year, to determine whether peak is occurring or not.{crossposting on}