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ERIC Number: EJ794605
Record Type: Journal
Publication Date: 2008
Pages: 5
Abstractor: Author
Reference Count: 19
ISSN: ISSN-0270-4676
Implications of Peak Oil for Industrialized Societies
McPherson, Guy R.; Weltzin, Jake F.
Bulletin of Science, Technology & Society, v28 n3 p187-191 2008
The world passed the halfway point of oil supply in 2005. World demand for oil likely will severely outstrip supply in 2008, leading to increasingly higher oil prices. Consequences are likely to include increasing gasoline prices, rapidly increasing inflation, and subsequently a series of increasingly severe recessions followed by a worldwide economic depression. Consequences may include, particularly in industrialized countries such as the United States, massive unemployment, economic collapse, and chaos. (Contains 5 figures.)
SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A