What does the term "peak oil" mean?

Question

Quizplus · Accepted Answer

Peak oil refers to the point in time when the world's production of oil reaches its maximum level, and from that point forward, the supply of oil will begin to decline faster than it can be replaced, leading to a depletion of the world's oil reserves. Therefore, option C is the correct answer. Option A and D are not correct as they refer to the quality and location of oil reserves, which is not related to the concept of peak oil. Option B is a partially correct statement, but it does not completely describe the meaning of peak oil, which is primarily related to the physical limits of oil production.

What Does the Term "Peak Oil" Mean