What does the term "Peak Oil" refer to?
A) the time period during which the rate of oil use is highest
B) the point in time at which the maximum amount of oil is being pumped from underground
C) an environmentally friendly synthetic oil with much lower greenhouse gas emissions than conventional oil
D) the time period during which oil refineries operate at their highest capacity
E) the time period during which international economies based on petroleum products arose

Question

Quizplus · Accepted Answer

Peak Oil refers to the point in time when the maximum amount of oil is being pumped from underground, after which the rate of production declines. This is due to the finite nature of oil reserves and the inability to replace them as quickly as they are being depleted.

What Does the Term "Peak Oil" Refer To