as we know it will come to an end sometime in this century, when the
fuel runs out.
Goodstein, Professor of Physics, Caltech
peak-oil theory combines serious geology with
pop economics to “envision a dying civilization, the landscape
littered with rusting hulks of useless SUVs,” as Caltech
professor David Goodstein describes it in his book Out of Gas.
The most popular leaders of this movement also envision a massive
“die-off” of the world’s population, along with the
end of industrial civilization.
The theory is fairly simple. There is only so much oil worth pumping
out of the ground, and once that is half gone, the rate of pumping
will reach an all-time production peak and start to decline. The peak
will herald the beginning of an “earth-shattering crisis,”
as one author puts it. The world economy and, most likely, the
world’s population will decline right in step with oil