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Peak oil

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  Mission * Why Vehicles Need to use Electricity > Peak oil > Climate change > Renewable energy > Smart grid > Vehicle-to-grid > Vehicle-to-home

Peak Oil, Gasoline Prices, Environmental Costs

Peak oil is the date when the maximum rate of petroleum extraction is reached, after which the worldwide rate of oil production will undoubtedly decline. Many experts in the industry believe that we are already near peak oil in year 2012. Oil prices in the future will undoubtedly increase due to supply and demand as well as the extra effort required to extract the remaining oil from increasingly difficult locations using methods that are increasingly dangerous to the environment. The real price of oil is actually even higher when the costs of wars fought for access to oil are included. Alternative sources of energy will be needed to fuel our economy in the future. For example, fuel for electric cars already costs less than fuel for gasoline-powered cars at 2012 prices and this price differential will inevitably increase in the future.

News Sources


  • 2012.10.21 - FedEx’s Fred Smith Talks About the Future of Hybrid and Electric Vehicles - IEEE Transportation Electrification Initiative "Over the last ten years, the average American middle-class family has seen the percentage of its disposable income spent on gasoline go from about four percent to six percent. In 2001 people were spending about $1,350 or so, in that middle-class consuming family for gasoline. In 2011 that was $2,650." "the diversification of transportation away from petroleum. And into — for light duty vehicles, hybrid electrics and pure electrics, are a — as big part of our national security is buying F-35 fighter planes."
  • 2012.02.12 - Debate on Possible 2012 Oil Crisis - Association for the Study of Peak Oil and Gas "recent increase in U.S. oil supply rates and decrease in demand is not enough to offset global trends, and that prices will continue to creep upward, unless there are major changes in public policy to substantially increase domestic U.S. supply." "declining output from most oil-exporting nations over the past decade, in the face of rising global demand, is likely to create a lasting drop-off in global availability of oil - spelling serious consequences for all oil-importing nations, including the United States." "Prof Andrew A. Frank says: The corner stone of reducing oil consumption here and around the world is the Plug-In Hybrid Electric Vehicle."
  • 2006.11.14 - Plug-in Hybrid Building Block to Sustainability - evworld "UC Davis professor Andy Frank addresses ASPO USA Peak Oil Conference. Dr. Andy Frank has been talking about plug-in hybrids for more than two decade(s) ... they could have a dramatic impact on America's dependence on oil. He estimates that with an electric power-only range of 40-60 miles, annual consumption of liquid fuels could drop to ten percent of their current level. That would be sufficient to completely cease our use of petroleum and shift to biofuels like ethanol. ... Frank believes that a shift to a largely electric-powered transportation system that utilizes both battery power and renewable liquid fuels can lead to improvements in lifestyle, especially when all of the electric power comes from renewable sources like wind, solar and hydro, which is possible given the energy storage capabilities of electric vehicles."
  • 2006.05.03 - Public Forum on America's Energy Future - UC Davis News & Information 03may2006 "public forum at UC Davis: 'The End of the Age of Oil: Apocalypse or Opportunity?' ... David Goodstein ... talk on 'Out of Gas.' Randy Udall ... talk is titled 'Energy Challenges and the Future.' UC Davis geologist David Osleger ... insights on the nature and origin of oil, and Andy Frank will discuss 'The Plug-in Hybrid -- A Here and Now Solution.'"


  • 2011.01.30 - Prophets of Doom video - History Channel Panel discussion of problems that threaten the future collapse of our civilization: financial instability, oil and water depletion, hostile technology and terrorist aggression. Peak oil is predicted to occur by the year 2020 or 2030. "... the economic, social and political costs will be unprecedented."


  • Association for the Study of Peak Oil and Gas ASPO is a network of scientists and others, having an interest in determining the date and impact of the peak and decline of the world's production of oil and gas, due to resource constraints.