Energy Scene : Global Warming, Reserve Depletion, Security Concerns And The Rising Energy Prices

It is estimated that 1.3 trillion barrels of oil reserve is left in the world’s major fields (Institution of Mechanical Engineers 2015). At present rates of consumption this will be enough oil to last approximately 40 years. By 2040, it is intended for production levels may be down to 15 million barrels per day which is approximately 20% of the amount of oil which is currently being consumed (Institution of Mechanical Engineers 2015). It is likely by the year 2040 that the world’s population will be twice as large (United States Census Bureau 2015). Additionally, it is likely that more of the world will be industrialized and therefore more dependent upon oil.

Indeed, the U.S. Department of Energy (DOE) predicts that domestic petroleum consumption will increase to 60 Btu by the year 2025. This statistic, in and of itself, is a matter of concern with respect to the greenhouse gas emissions that result from petroleum combustion. However,

Being such a necessary and overused resource makes it a hotly contested subject and global issue. The United States is one of the biggest importers and users of oil in the world, which makes our need of it a major influence on several global markets. Our heavy reliance on dirty fuels, as well as every other industrialized country in the world, will lead to massive effects on the climate of our Earth. This in addition, has led to violence and war, particularly in the Middle East, over the ownership and distribution of oil and other energy resources, which in the end only serves to profit big oil industries. This problem will not stop or slow down, as the demand for energy will only increase as the world’s population and global economy continues to expand. For mainly these reasons, which will be handled more in-depth throughout this paper, the need for clean alternative energy is paramount and must be addressed within the foreseeable future should we otherwise suffer the consequences.

The consumption of oil in the world is big and increasing. 85 million barrels of oil are consumed per day, which equals 40 thousand gallons per second and these figures are growing dramatically (Kuhlman, 2007). There are 33 out of 48 countries have reached the peak of oil production to supply our today’s industrial civilization (Kuhlman, 2007). Peak oil, which means

Energy is more than a utility that keeps the lights on in our homes or the gas in our cars; it’s a foundational resource that plays a key role in a nation’s ability to provided economic opportunity and basic services and security to its people. As such, it is imperative to a nation’s overall security that it develops/acquires access to energy, ensures energy needs are properly met and supplies are readily available, and disruptions minimized. Policy directs that the U.S. has a role in developing energy security throughout the world. For the U.S., we’ve long recognized the importance of energy security and have gone to great lengths to ensure its protection by developing depth and breadth in energy capabilities,

Oil and gas have been the world’s commercial energy sources in recent century and it still remain this important role in the 21st century. As industrial productions have grown by approximately 50 times during the 20th century, this led to tremendous increasing of the energy consumption. Presently, oil and gas account for almost 40 per cent of the world energy sources because they are unique commodities and easy to transport in many areas with low costs. The advances of technologies make petroleum become cleaner, safer and more efficient energy. Consequently, oil and gas could meet more strictly environmental regulations and comply with the widely demands of sustainable development. However, petroleum is a scarce resource and the demands of energy consumption will be increased. Humans try to improve recovery rates by enhancing technology and developing infrastructure for better accessibility. Presently, the volatility and high prices of oil market have been a significant cause for concerning among many countries. Even the increasing price trend in recent year, the market has still remained

The energy crisis in America is often placed on the back burner to the average American citizen. Generally, one will only care about this crisis when the price of gas changes. The energy crisis, however, is a prominent issue as it is “ongoing and getting worse, despite many efforts” (Rinkesh). The world’s natural resources, such as oil, coal, and natural gas, cannot supply the world’s increasing demand. The amount of crude oil available is only 2 percent higher than the demand for it (Muise). If the demand expands any higher, then the limited supply of natural resources “will be gone for good” (“Learn about Energy”). It is projected that there is enough oil to last 34 more years, enough natural gas to last 53 more years, and enough coal

The U.S. Energy Sector is one of the most critical infrastructures, essential for the functionality of the U.S. as we know it. Why is that you might ask. This is because it provides support and keeps all the other critical infrastructures running. Without the Energy Sector the country might as well shut down and be of no use. With the energy sector affected, there would be immediate panic and a visible effect on the economy and its people. So, let’s dive in, what is the Energy Sector all about?

Its obvious non renewable resource that will not refill. Nearly everything in the modern world is made with oil in some way. If the reserves deplete gas prices will go up and many people will go without heat and electricity or cars.You can argue that we have time before the reserves deplete but maybe not enough to find a better solution for energy and save oil for things that require it unlike gas arger oil companies are lying about the "vastness" of their fields as a business ploy to scare the competition away. We could make estimates like "only half of what the oil companies present" but we wouldn't know because we can’t measure. As citizens we cannot measure the volume of an oil reserve because that information belongs to the oil company. The only time that information will be released is when the oil is all dried up and the banks and companies have made their profits. The question is can we find a renewable resource to replace oil and find it by the billions of barrels. As it has been researched by Peakoil.com the world goes through a billion barrels a day in less then 11 days. if that is correct the world will need to produce at least 33,180,000,000 barrels of this material per year if it has the same efficiency rate as

Crude oil- plays an important role in the production of energy and united states consume more energy from petroleum than from any other sources. In 2014, 19 million barrels of petroleum was consumed by total U.S. i.e., 35% of all the energy consumed in the United States. Increase in population, industrialization and demand for energy, oil is diminishing at a faster rate each year. Therefore, it would cause a fossil fuel supply limitation with large economic impact, and the environment problems are both driving forces for actions towards a more sustainable energy system. In addition, scientists at the Energy Department’s National Labs are developing technologies to reduce

The world is not coming up short on oil itself, yet rather its capacity to deliver top-

Today’s global engine runs on hydrocarbons such as coal, oil, and natural gases, with oil leading as the number one source of energy in the world. There are very few experts predicting a change in the model in the next twenty years. As scientists learn more about the environmental damage caused by hydrocarbons, they continue to search for alternative energy sources. Still, there is a rising middle class which in turn leads to more vehicles, more electric-powered appliances, and more coal-powered manufacturing plants. A lot of the northern

There are the ignorant amongst us who placing all their attention on the economy, money and the job market while in observing the daily rise and fall of the ever changing stock market. It almost appears that they turn a blind eye of the inevitable energy crises. What should be all of our focus is how do we address our depleting energy options? How theses growing limitations are looming over our head could affect our future prosperity and health. Maybe there is more concern than it appears where the expert

After the industrial revolution, the demand for oil has been increasing globally. Over 100 million tonnes of oil are transported around the world on average a day. There are countries like the US which consume almost one quarter of global oil output, which must be supplied from oil reserves, usually from countries like Saudi Arabia (Guinness, 2011, p. 245). This shows that the topic of oil consumption is a global issue as all countries need oil to develop and provide for their populations. The issue with this large consumption of oil is the fact that oil is a non-renewable source of energy and therefore has a limit. Oil is formed

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.