What is peak oil? It is a loosely based concept that was derived by Hubert in the mid 1970s about the sudden demand and supply of oil. A lot of people are convinced by this theory and claim that we are nearing the peak period. The oil reserves are now getting dry, thus producing less oil and is not able to compete with the demands. This gradual decline has been happening over the years and is now slowly being accepted by people. Though some claim that yet more oil reserves are to be unearthed, the truth is that we are running out of time. Big oil reserves of the 70s and 80s are now producing less oil. From 80,000 barrels the production has been stalled with just about 30,000 barrels per day.

Oil extraction requires a lot of energy and this can also affect the oil reserve as most of them are located in sensitive zones. Most of these reserves carry the danger of getting drowned under with the over exertion during the extraction process. Peak oil theory has been widely debated and many are convinced that we are the brink of draining the oil reserves. Most of the residue from the extracted oil is also being used as manure for vegetation. This will cause a slight drop in the agriculture sector owing to its dependency on fossil fuels.

Apart from transportation, commercial sector and factories, every ordinary person needs energy for any action. Be it cooking appliances, lighting, or just about using the net, we all need the energy that is extracted from the oil. It is a cause of major concern and alternative methods to use nuclear power have been in news in the recent times. But over safety issues, nuclear power can be quite volatile and needs to be modified for the use of mankind. It is more over expensive to create nuclear power stations and can turn to be a more costly affair than fuel.

Alternatives such as wind power, solar energy and other greener resources are seen to be better options to replace fossil fuels. One area of concern would be that these greener resources need a lot of energy to function, so we need to find better steps to power them without the need of fuel. This can be possible only by untiring efforts and some innovative measures. We need to join hands to work against this peak oil crisis. You can start by having your own home garden, thus helping you to collect vegetables without having the need to travel out.

Try going with the public transports or plan your car rides in such a way that all your outings are done in one trip. It is best to take the shortest route to avoid overspending your fuel. Walking is another best option than driving around in your car. Generating your own electricity by solar panels would be a great way to conserve energy. Using hybrid cars that runs on electricity is a better way to save fuel. There are countless way to conserve energy and taking a wise step is the best way to combat oil crisis.