peak oil

The man who invented the term “Peak Oil” delivered a lecture at Melbourne University on Wednesday night declaring that: “fossil fuel energy does the work we don’t like doing ourselves” and “without energy there can be no economic growth”.

Kjell Aleklett, Professor of Physics at Uppsala University in Sweden and President of the Association for the Study of Peak Oil and Gas (ASPO), believes that oil, gas and coal are reaching peak production, which is set to leave the world with a deficit of energy relative to future demand.