Impact Of Peak Oil On The Economic, Social, Environmental Impact, Consumer

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Research question: How can peak oil impact the economic, social, environmental impact, consumer and producer?
What is Peak oil? Peak oil is the maximum extraction of petroleum when reached a certain level. Who is the founder of peak oil? Marion King Hubert. When oil first discovered? In 1847.There many ways that how a peak oil could affect the world especially the countries that relies in the production oil and that’s the only source of money, or the country that relies on oil for electricity, transportation, and etc. Peak could be a good thing or a bag that ay that peak oil could be a good thing is the pollution will be decreased, but the bad thing will be is that there will be a scarcity of oil which will reduce the usage of oil like there will be less transportation. Now I am going to write in the following paragraphs what is the social impact, what is the environmental impact, and last but not least comparison of peak oil impact producer vs consumer.
1-What is the social impact of peak oil? …show more content…

This graph shown below shows the oils production in 2015-2019 the production oil is reduced and by 2035-2050 the oil produced barrel per year is reduced from 60 billion barrels years to 10 billion barrels be year in

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