As Triangle gasoline prices again top $2.50/gallon, NC Powerdown and the Duke Greening Initiative will sponsor the Triangle Conference on Peak Oil and Community Solutions on Saturday, March 25th, from 1 to 6 PM at Duke University's Love Auditorium.
Peak Oil is the time period in which the maximum production of oil (in millions of barrels per day) ever extracted from the earth occurs. Peak Oil may last for weeks, months, or even a few years. We are unlikely to know we have experienced Peak Oil until we are passed the peak. After the earth passes peak production, the gap between demand and supply will inexorably drive the price of petroleum-based products higher and higher. With 95% of America's transportation energy coming from oil products and much of our food being grown with petroleum-based fertilizers, the peaking of world oil supply has dramatic implications for the nation and the sprawling, mostly auto-dependent Triangle region.
