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Peak Oil - Gas

Peak oil & gas is the assumption that the maximum amount of global oil/gas production might be immanent. Several studies indicate that peak oil was reached in 2008 or will be reached in the near future. According to probabilistic risk assessment, 2010 was the most probable date of global peak oil. All peak oil dates cited in the literature are before 2030. Using these data, in the year 2011, the cumulative probability that peak oil has occurred was 50%, in the year 2015 it will be 80%. Peak oil is increasingly seen as a threat to critical infrastructures and supply chains. A decline in oil production will possibly trigger a decline in economic production or even a collapse.

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