Oil Peak Theory

Oil Peak Theory, often called "peak oil," is the idea that global oil production will reach its highest point and then decline. This concept suggests that after decades of extraction, oil reserves will become harder and more expensive to access, leading to a decrease in production. As demand for oil continues to grow, this decline can create economic and energy challenges. Essentially, peak oil highlights the limits of fossil fuel resources and emphasizes the need for alternative energy sources as reliance on oil becomes unsustainable over time.