Oil Is The Lifeblood Of The Modern World

In terms of oil dependence, most of the general public believes that the world has enough oil to support us for the next hundred years; in truth we are rapidly depleting our petroleum sources due to the increasing population and demand. In fact, as was initially theorized by the Hubbert Peak Theory in 1950, Earth peaked in oil supplies in 1973 and the largest oil resources that have been discovered since then have been in Venezuela and Saudi Arabia. Here it must be

Oil is a finite resource and eventually it is going to run out. But what is the point in pretending it’s not there now just because there’s a chance that it may only last 30-40 years? According to the oil companies. Which I am sure must be absolutely 100% accurate. Why would an oil company want to underestimate the length of time their reserves will last? It does not at all sound like simple business logic to me. Let’s all face it; if a doctor tells a family

Senator Everett Dirksen once noted “The oilcan is mightier than the sword”. In today’s world, it is easy to see why oil can be considered the most important resource to hold. Without oil, many of the common day occurrences we take for granted would be impossible. Oil is used for almost everything; from the fuel used to drive our vehicles, to the plastics used in every facet of life, and providing the heat needed to live through the winter. In fact, the United States depends so much on oil that as a nation it uses over 20 million barrels a day. Importing oil increases the total costs because of the need to transport it from around the world. It is estimated

With gas prices on a slow rise it is no surprise that the United States has a huge dependency on oil. In a recent statistic from the US Energy Information Administration stated that in 2012 alone roughly 10.6 million barrels of petroleum were imported into the US daily. Most recently BP was accused of spilling approximately 470 to 1228 gallons of oil. And in recent past the major oil spill with in the Gulf of Mexico which occurred in 2010 that is by many is considered to be the worst oil spill in US history. An estimated 4.9 million barrels of oil was leaked into the Gulf coast. Being detrimental to not only wildlife but also has a huge impact on the planets general population as well. Most if not all forms of transportation with a large portion being cars run on oil and little alternatives to what can be used as a substitute. With such a high dependency on oil as well as being a high risk factor why hasn’t the US looked to other forms of energy that are both clean and efficient? Many countries have found alternative ways to supply energy. Most notably Sweden, in which in later years has been noted to actually import waste to use for their energy. If a viable energy alternative is not implemented then dependency on oil may inevitably deteriorate the infrastructure in which this country is operated upon as well as consequently negatively affect natural resources and wildlife to a point in which it will be near impossible to rehabilitate.

The term “peak oil” refers to the point when oil production reaches its maximum rate and then its production gradually decreases. There is no doubt that having cities as peak oils will drastically affect many lives. But what exactly are the effects of peak oil? There are many effects that could possibly end the lives of many. One would be that peak oil will affect health services. The Gross Domestic Product or simply the GDP will decline as a result of peak oil. When the GDP declines, it will affect what communities can spend on health care and other social health activities and programs. Most models of health care provisions depend on cheap fossil fuels. Since peak oil will decrease the quantity of oil and as a result increase the prices,

Oil production is crucial for humans. Overall, 33 out of 48 countries have now hit a peak in oil production, resulting that oil is going to hit a decline in production. This peak is in countries such as Mexico and Russia, potentially signifying the end of the Industrial revolution. However, oil itself is not running out, just the rich, thick oils, that are high quality. In the near future, the only oil that Earth will have will be thin, and not good enough to use in motor vehicles or for electricity. Additionally, cheap and easy to extract oil will be at a decline, and also oil will be in unaccessible places, or within dangerous areas. Oil production needs to stay at pace with the human demand.

Many critics argue that oil has had too big an impact to our society that we have become too dependant on it. The fact that oil is a non-renewable resource makes us more vulnerable for the inevitable change in the future. However, oil is arguably the best energy provider in our generation. It is cheap and easy to develop and transport. It is highly efficient (compared to alternative sources of energy). To simply discontinue the development of the oil sands would leave huge consequences. The global economy would suffer, as well as, possibly, the quality of lives of people. The unlimited "need" for oil in our society cannot be limited by government decisions. Rather than changing an

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.

Although its been said that we may only use oil for 10 to 15 more years before we hit our peak, If it is conserved it can be used for many more. Even though I believe it isn’t going to be conserved and never will be, it is a possibility. (Oil Shale and Tar Sands Program, 2012)

In the year 2013, according to the U.S. Energy Information Administration, the United States consumed a staggering 6.89 billion barrels of oil (U.S.EIA). Which in fact, equates to 18.89 million barrels being consumed every single day. That is a vast amount of petroleum products being consumed on a daily national level. If the calculation is made, based on a barrel equaling forty two gallons, it would come out to 289,583,700,000 gallons per year, or 793,380,000 gallons per day. The amount is incredible, almost unbelievable. If the United States continues its use of oil at this rate, the supply will only last another forty years. With more and more cars being on the road and operating machinery performing tasks, the supply of petroleum will not be able to meet demand forever. As our use of fossil fuels increases, so does our need for a new source of renewable energy.

Every single day we drive our cars to work, turn on the lights, and use our computers. All of these things use oil; the gas to drive, plastic in the cars and computers. Almost everything we use has something to do with oil. “The United states uses nearly 400 million gallons of oil every day moving people in automobiles, goods on freight trucks, air travel, rail and transit.”(Sierra Club 1) Many people don’t thing about all the things that we use today that has to use gas. When you fill up your cars gas tank, you’re putting in around 18 to 20 gallons of gas. But add up all the people in the United States and you got an astronomically huge amount of gas. But that’s not even half of what the number is, you still got air planes, trains, and not even included in the number above, the amount of oil used to run oil power plants that are in almost every state in the United States.”Americans send over $1 billion abroad every day to pay for oil.” (Sierra Club 1)Most people don’t get $1 billion in a life time. Yet we are spending $365

Through the many years planet Earth has existed natural organisms have been created into oils that we use today. This process has occurs due to the process of organisms dying and floating to the ocean floor and over years getting covered by sediment which then creates oil. Since the discovery of petroleum over 150 years ago, the market for oil increased drastically. It’s still unknown if this discovery has been a positive for our world or negative. The good that has come from petroleum is the major industrialization that has taken place worldwide. While there are positives about petroleum there also are negatives that have a huge impact on the environment. Although we have been running strong and feeding countries with oil the supply source has to run out at some point. The movie The Human Footprint states how it’s projected that we will run out of resources such as oil by the year 2030. It’s a scary thought but how long petroleum has lasted for us is amazing. Using natural occurrences to supply for people can be made from anything using the technology there is today and it

The world is depended on oil and soon oil will become more valuable than gold and could lead to a worldwide war. Price for oil could soar to above two hundred fifty dollars per barrel. Oil and other fuel cell also cause green house gases which contribute to global warming. China is consuming two times more petroleum than 1996 and India is projected to consume three times the oil it currently does by 2050. Global house gas emission has increased by twenty percent from 2003 to 2006. Energy consumption has increased exponentially throughout the globe. The U.S. department of energy projects energy consumption will increase seventy percent from 2003 to 2030. The world has agreed to reduce emission by twenty five percent before 2020 and by over

Peak oil is described as the point in time when the maximum rate of petroleum extraction is reached, and at this point we assist to a diminution of the resource. Oil is one of the world 's most vital resource, we use it in every aspect of our daily lives, we use it for electricity, gasoline and even drugs. The disappearance of this resource can lead to a major global disaster. In an attempt to identify the potential impact of such a disaster and find alternatives energetic resources, a cloud of researchers started to focus their research around this topic. While the first researches made on peak oil where mostly focused on its plausibility, nowadays researches concentrate on determining the exact period of occurrence, as well as the economic and political impact of this event.

Because private companies and nations have over-estimated oil reserves it is difficult to be exact but these estimates of world oil reserves are close and further research will reflect this. Also, rapid exploitation may have damaged many reserves' wells and will limit production. It may be that we (the world) have much less than is believed! The United States past its "peak oil" point back in the early 1970's ( for further research refer to Peak Oil Crisis Books) and now imports about two-thirds (2/3) of its oil. The U.S. economy and the current American way of life is supported by energy from other nations. Those nations that have not already past peak oil (maximum production) are very near it. In the future, production will decrease while at the same time demand increases. The spread between supply and demand will cause higher prices (for all products),