Oil, the modern world's lifeblood [infographic] | Development geography | Scoop.it

An infographic describing our current oil situation and what peak oil is...

Today’s infographic suggests when a country discovers oil it will increase production exponentially until it peaks and begins its decline. Why does this matter? Because it is possible Saudi Arabia, the ones controlling oil prices, will potentially be peaking between 2012 and 2017. With reports showing they may be lying about the number of barrels they have, by as many as 300 billion barrels.

Via Lauren Moss