Question

Which best defines peak oil?

a statistical and economic theory based on the idea that global oil production has reached a limit and is declining


a spiritual theory based on the idea that oil consumption must cease to save the earth before humankind is doomed


a geopolitical theory based on the idea that oil production has shifted from the United States to the Middle East


an economic and scientific theory based on the idea that oil reserves are unlimited and increase with every year

Answer 1

A statistical and economic theory based on the idea that global oil production has reached a limi and is declining. The first one is the answer