New matter of concern, as brought into light under recent researches conducted by Kuwait University and Kuwait Oil Company, is the concept of “peak oil”. Published in the journal “Energy & Fuels predicts” it has been concluded after studying the ability of producing crude oil in 47 oil producing countries globally that the peak oil period is nearing and will be reached latest by 2014.

This is serious issue of concern because as the definition of the term “peak oil” suggests, peak oil is the period when the oil production after mounting to its maximum, starts to turn down. Therefore according to the study, the highest oil production will be seen in 2014 followed by a further decrease in production. This will pose a serious threat to the human comfort as we are very much reliant on the petroleum and related products in almost everything, majorly our transporting system.

It has also been revealed that total of 54% of fuel has been used by now and the remaining will be reached within four years 2014 i. e. the highest of 79 million stock tank barrels per day. Scientists are terming this conclusion as “alarming” and are saying that their warnings are resulted only after considering “best available information”.