oil depletion
Technical term for the gradual exhaustion of petroleum resources. Often used in energy policy and environmental contexts.
See also: 石油ピーク
Oil depletion could have a serious impact on the global economy.
石油ピーク refers specifically to the point of maximum oil production (peak oil), while 石油減耗 describes the ongoing process of depletion.
Compound of 石油 (oil) and 減耗 (depletion, attrition).