Peak Oil Theory posits that global oil production will reach a maximum rate, after which production will gradually decline, leading to potential economic and societal impacts due to decreased availability of this critical resource. This theory emphasizes the need for alternative energy sources and improved energy efficiency to mitigate the consequences of reduced oil supply.

Peak Oil Theory

global oil production

maximum rate

Production decline

Economic Impacts

societal impacts

decreased availability

critical resource

Alternative energy sources are renewable and environmentally friendly options that reduce dependence on fossil fuels and mitigate climate change. They include solar, wind, hydroelectric, geothermal, and biomass energy, each offering unique benefits and challenges in terms of efficiency, cost, and infrastructure requirements.

alternative energy sources

improved energy efficiency

consequences of reduced oil supply

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