Oil And Its Impact On The Economy

1350 WordsNov 28, 20166 Pages
Before the last drop of the prosperous, cheap oil had been pulled from the grounds of Saudi Arabia, humanity had enjoyed a time of the greatest economic advancement in the history of mankind. Oil gave humans the ability to do tremendous amounts of work in a short time. Oil powered equipment which build infrastructure the roads, bridges and cities. Oil was fed into tractors and combines to work the land and produce ever greater crop yields. Oil was harnessed to make the electricity that powered millions of homes. Oil was the lifeblood of humanity for nearly 150 years. Unfortunately, this industrialization was obliterating the earth’s ecosystems and was the embodiment of the term “unsustainable development”, leading to deforestation, pollution and global warming. Today in 2062, oil trades for $1000 a barrel and is fast becoming even more difficult to produce. The only remaining deposits of oil must be mined in the already depleted oil sands of Canada, Venezuela, the United States of America and Russia. The exponential decline of oil production starting in the 2020’s forced humanity to quickly replace the energy source they relied so heavily upon. But in doing so, humanity changed many of their practices and created a far more sustainable civilization. The depletion of the earth’s oil reserves was one of the greatest moments in the history of mankind, since it forced humans to look towards alternative and cleaner energy sources. On the 4th of November in 2016, the Paris
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