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Refer to the Graph Below Showing World Energy Consumption by Fuel

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Refer to the graph below showing world energy consumption by fuel type. Some analysts have projected that we will reach "peak oil" in 2015; that is, oil production will reach a global maximum in 2015 and further increases annual petroleum supplies will be impossible. If this is true, how will it impact world energy consumption?
Refer to the graph below showing world energy consumption by fuel type. Some analysts have projected that we will reach  peak oil  in 2015; that is, oil production will reach a global maximum in 2015 and further increases annual petroleum supplies will be impossible. If this is true, how will it impact world energy consumption?

Identify examples of complementary goods.
Analyze the impact of changes in consumer expectations, incomes, and prices on market demand.
Understand the relationship between demand and supply in determining equilibrium price and quantity.
Distinguish between normal and inferior goods in response to income changes.

Definitions:

Public Assistance

Government programs designed to provide financial aid or services to individuals or families in need.

Social Insurance

A government-sponsored program designed to provide financial support to individuals in events such as unemployment, disability, or retirement.

Poverty Statistics

Numerical data and indicators that measure the proportion of the population living below a certain income threshold considered necessary for basic living standards.

Urban Areas

Densely populated regions characterized by high human settlement and infrastructure development.

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