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He illustrated the projection with a bell shaped based on the availability and its consumptions of the fossil fuel.Large fields are discovered first, small ones later.
Thus, peak oil year may be the turning point for mankind which may lead to the end of 100 year of easy growth, if self-sufficiently and sustainability of energy is not maintained on priority.
This chapter describes the efforts being made to explore non-conventional energy resources such as: solar energy, wind energy, bio-mass and bio-gas, hydrogen, bio-diesel which may help for the sustainable fossil fuel reserves and reduce the tail pipe emission and other pollutants like: COIn September 1816, Lord Byron set off from Geneva with his friend Hob house, and kept a journal for his half-sister Augusta.
The size of fossil fuel reserves and the dilemma that when non-renewable energy will be diminished, is a fundamental and doubtful question that needs to be answered.
A new formula for calculating, when fossil fuel reserves are likely to be depleted, is presented along with an econometrics model to demonstrate the relationship between fossil fuel reserves and some main variables (Shahriar Shafiee The new formula is modified from the Klass model and thus assumes a continuous compound rate and computes fossil fuel reserve depletion times for oil, coal and gas of approximately 35, 107 and 37 years, respectively.
According to the Intergovernmental Panel on Climate Change (IPCC, 2007a:10), "[most] of the observed increase in global average temperatures since the mid-20th century is due to the observed increase in [human greenhouse gas] concentrations".
It is predicted that future climate changes will include further global warming (i.e., an upward trend in global mean temperature), sea level rise, and a probable increase in the frequency of some extreme weather events.
The classical time period is 30 years, as defined by the World Meteorological Organization.
The climate change referred to may be due to natural causes, e.g., changes in the sun's output, or due to human activities, e.g., changing the composition of the atmosphere.
In 1956, an US based Chief consultant and oil geologist Marion King Hubert, (1956) predicted that if oil is consumed with high rate, US oil production may peak in 1970 and thereafter it will decline.
He also described that other countries may attain peak oil day within 20-30 years and many more may suffer with oil crises within 40 years, when oil wells are going to dry.