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"Peak oil is the point in time when the maximum rate of global oil production is reached, after which production will begin an irreversible decline.
- It is related to the distinct concept of oil depletion; while global petroleum reserves are finite, the limiting factor is not whether the oil exists but whether it can be extracted economically at a given price."
- from: https://en.wikipedia.org/wiki/Peak_oil
- Resolves YES if total world oil production in 2028 and 2029 are below a peak reached during or before the year 2027, AND there is a majority consensus among energy economy experts that peak oil was likely reached in or before 2027.
- Resolves NO if world total oil production is reported to be above 2027 levels in any of the two years following.
- [image]from: https://yearbook.enerdata.net/crude-oil/world-production-statistics.html
