Peak oil has vital role to portray in transportation, it is used as fuel in most of transportation networks that include ships, vehicles, trains, airplanes, cars and trucks. Oil is generated from the decayed bodies that are in oceans from thousands of years and these remains were covered by the large number of layers that include sand and silt.
The pressure and heat exerted from the layers has transferred the remains into oil. According to CarSort.com, United States is the largest consumer of peak oil and in the year 2009, it is estimated that more than 18,690,000 barrels of oil was used every day. China occupies third place in oil consumption when compared with other countries.
It is determined that major oil reserves are present in Saudi Arabia, United Arab Emirates, Canada, Kuwait and Russia etc. In the period 1700 – 1800, the peak oil was extracted from whales and whaling is recognized as the 5th largest industry that helps United States to maintain consistency in its GDP rate.
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