Multiple choice

What does the term ‘Peak Oil’ mean?

  1. The best quality of crude oil

  2. The maximum rate of petroleum extraction

  3. The topmost layer of oil in water

  4. The maximum rate of oil in international trade

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline.