Did the Gulf of Mexico oil spill change our view of oil or will we wait until we reach the peak oil in spite of it?
Peak oil: the point in time when the global production of oil will reach its maximum rate, after which production will gradually decline. – Oxford English dictionary
Here we have a beautiful infographic abounding in useful information, which deals with the problems of oil supply and demand. With oil supplies running out fast, demand increases steadily, along with the prices.
Where did oil come from? Who are the biggest producers and the biggest consumers? What is it used for and what comes after we hit peak oil? Theses are just some of the questions addressed below.