Aspects and Consequences of the End of the Oil Age

Most strategists believe that the possibility of outbreak of a major war among the great powers in the current international system is scant, but energy and its security is one of the few areas which still have the capacity to give rise to a major war. This is important because the warning on approaching the peak oil becomes more serious day by day. This warning indicates that the end of the oil age is imminent. Explaining the concept of peak oil and the degree of its seriousness, this paper seeks to clarify the aspects and consequences of the end of the oil age.