Peak Oil

modelling when we hit the maximum oil production per year (either per nation or globally)

some say we've already hit it (globally)

the US hit in 1970, at 11 million barrels/day. In 2004 we produced 5 million/day, and consumed 20 million/day.

Vaclav Smil is skeptical.

key response phrase: Energy Descent (Transition Town)