Diminishing oil resources

Global production of oil from conventional sources is likely to peak and decline permanently during the first decade of the twenty first century.

1. At the current rate of consumption, within the lifetime of a child born today, virtually all of the known petroleum sources on the earth will be consumed.

2. Forecasts about the abundance of oil are usually warped by inconsistent definitions of "reserves." In truth, every year for the past two decades of the twentieth century the industry has pumped more oil than it has discovered, and production will soon be unable to keep up with rising demand.

1. Shortage of natural resources
2. Energy crisis

1. World tension in oil and petroleum crises
2. Long-term shortage of petroleum and petroleum products
3. Dependence on oil
4. Dependence on imported oil

1. Unsustainable population levels
2. Unsustainable energy consumption
3. Overuse of energy resources in agriculture
4. Irresponsible mining practices
5. Human consumption of animals
6. Excessive consumption of goods and services

1. Reducing fossil fuel use
2. Planning development of natural resources
3. Identifying petroleum resources
4. Conserving fossil fuels

1. Scarcity