Peak Oil

2218 Words9 Pages
Reggie Koch
Professor Metcalf
English 100
The Beginning of the End of Oil The end of oil can mean an end to a lot of things in an industrialized lifestyle that we live in today. With more than 60% of the world passed their peak, this puts United States at a great risk because the U.S. alone uses more than 25% of the world’s oil. According to Tom Whipple, “Americans have consumed an average of 9.3 million barrels of gasoline a day so far this year, an increase of 0.6 percent from last year” (Whipple). In 1956, a man by the name of Dr. Marion King Hubbert, who worked as a geologist for Shell, came up with “Hubbert’s Peak.” Hubbert’s Peak is Dr. Hubbert’s theory, which he accurately predicted, that U.S. domestic oil
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Most people that claim to have a prediction of the oil peak would take “barrels of reserves” and they would divide that by “barrels per year” which would provide them with and answer in years. This resulted in all the predictors in having all the same answer, which was clearly the wrong answer because they all come up with 10 years. The people that didn’t agree with Hubbert believed that he was also wrong with his predictions up until 1970, when his prediction were proven. Another reason why people rejected his theory was because at the time oil based companies were happy and making millions and they didn’t want this to affect them or their companies (Deffeyes 3-5). Today, there are still some people that believe that we have not yet reached peak oil. But for the most part, people have come to realize that peak oil has hit and obviously we can see the results and the damage its doing to us when we go to pump gas in our cars. Although the United States isn’t the most expensive place to buy gasoline, American’s feel that their paying too much. American’s use over “25.9%” of the oil used around the world and produce less than half of the amount American’s consume. American’s consume more oil than the whole European Union put together making it very reliant on oil (Wieczorek). Right now, the average price per gallon of gasoline in American is $3.061(November 8, 2007). A month ago we were paying around
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