This website uses cookies to ensure you have the best experience. Learn more

What Will Happen When The Oil Run Out?

1858 words - 8 pages

Oil includes any viscous liquid that has a non-poplar chemical content at ambient temperatures. Oils are both hydrophobic and lipophilic. Any form of oil has a high hydrogen and carbon content which is normally flammable and slippery. Oils are classified as chemical compounds which may otherwise be unrelated in properties, structure and uses. Modern researchers have made exhaustive explorations within some of the major oil fields in an effort to detect the rate at which the oil products are becoming depleted. This exploration and scientific research has been driven by the high consumption and extraction of oil in the last century.
Oil is a substance that has been in use for thousands ...view middle of the document...

Oil has created enormous wealth across the globe and thereby improving the living standards of the people. The use of oil has also changed the environmental conditions of the world with global warming being the major threats which arise from the carbon elements from the oil.
In the modern history, it is estimated that by the end of the year 2080, the global oil supply will experience a steep decline which might eventually lead to a serious shortage. Even though it has been estimated that petroleum supplies will not run out in the near future, the oil reserves, which are still economically viable to recover might not be in existence. In such a situation, it will take more energy to extract the petroleum products from the oil reservoirs than can be gained from the use of already refined oils. Such a scenario would imply that the gasoline prices would have to go very high because only a few developed nations would be in a position to extract the oil from their reserves. Establishing an oil field is extremely complicated and requires a list of complex logistics as well. This often goes beyond the basic requirements of drilling and includes the associated infrastructure. Such processes would have to result in extra costs, which would lead into minimized benefits from the oil. In return, this would see only a few countries being interested in the extraction processes, which would lead to an oil shortage across the globe. Such a shortage would require consumers who cannot do without oil to pay for more. Such an increase in the final oil products would translate into additional costs of production as well as prices of the services offered by different manufacturers and suppliers.
It has also been estimated that if the a serious oil shortage were experienced, the previously peaceful nations would have to become more malevolent with some dwindling as well as more expensive fuel energy sources. A lack of sufficient amount of petroleum could easily lead to destabilization of the global relations and eventually lead to a major war. This implies that the oil shortage could have a direct impact on the peace and social interactions across the globe. In addition to this, the majority of the large oil reliant suppliers such as plastic suppliers and construction materials would incur huge losses for the basic raw materials. Some of the largest petroleum reliant power generation plants would also run out of production and the transport industry would also have insufficient or no gasoline for the motor vehicles.
In the modern history, the transportation industry has been rated as one of the heaviest consumers of oil across the globe. With a significant failure in alternative technologies such as the use of electric vehicles, the transportation industry accounts for over 35% of the energy from oil products. The majority of the non-petroleum based technologies such as the use of electric vehicles have already proven to be unreliable, costly and inefficient....

Find Another Essay On What Will Happen When the Oil Run Out?

The Paperless Office and Paperless Society Will Never Happen

1610 words - 6 pages The Paperless Office and the Paperless Society Will Never Happen With the widespread introduction of computer terminals into offices, and the growing popularity of the personal computer, futurists and computer proponents envisioned the arrival of the “paperless office”. They predicted that in the near future, virtually all paper consumed in offices would be replaced by electronic, computer based mediums. Office workers, who before the

Desire To Develop Will Let The History Happen Again

968 words - 4 pages that it would not come.”7 People desire to develop, desire to create paradise they will accomplish it no matter what happened. When they are realize the environmental issues, it is already too late their desire is already ruin the world. From what has been discussed above, it can be seen that people desire to create paradise will lead to 3 question, desire to develop, the pursuit of power and unlimited use of natural resources. However, science and technology only is the supporters of us, the human brain is the main leader. In this way, the desire to re-create paradise is a reason why science and technology ultimately ruin environments and societies.

"Discuss the uses of the nature in the navel, showing how it foreshadows or suggests what will happen and has it parallels with the boy's emotional states?"

1095 words - 4 pages functions, and the other one are the following; Characters, addition to the atmosphere and the setting, and the impact that the nature has on the readers.The first very important aspect that nature enhances is the foreshadowing. Foreshadowing is a style of writing, in which the author gives hints to the readers, in order to make the readers predict what is coming. A good example that can be found in the lord of the flies in on page 163, it states

Is the worlds Oil Running Out?

657 words - 3 pages ‘independent’ company it can charge any price, even though it is actually run by the 2 biggest oil companies in the country. The case is being heard on appeal in the Supreme Court where, if it is successful, will change the oil market in the US completely, where oil companies will be legally allowed to collude.Bibliography1.August, 2007. OPEC Homepage International Court Homepage http://www.icj- 7, 2004. Adam Porter. Is the world’s oil running out fast? January, 2005. Oil running out: Report.

How Will Peak Oil Change The World?

1417 words - 6 pages How Will Peak Oil Change The World? Peak oil is one of the world’s largest problems but it is one that many do not even know about. Oil is used by nearly everyone just about everywhere in the world. So what if the supply of oil began to diminish? That’s exactly what peak oil is. When an oil well is created, those that are extracting the oil will begin to extract more and more until the amount of oil produced peaks. Once the oil well peaks, those

In the long run everyone will benefit from globalization

1968 words - 8 pages are able to store the waste and receive payment for this therefore improving their economic position. While the pessimists would see this as exploitation as the south becomes more polluted with possible effects on the health and welfare of the citizens as well as the environment, for what is deemed a small amount of money; which in the long run will probably be needed to sort out health and environmental problems caused by the pollution!As seen

Why Animal Testing Isn't Always Representative of What Will Happen in Humans

1787 words - 8 pages discovered the anatomical differences among animals by analyzing them (Introduction). Advocates of animal testing say that it has enabled the growth of numerous medical advancements, tests to see if new products are save for mankind, acquisition of new scientific knowledge, and because it is accurate (B). Opponents of animal testing say that it is cruel and inhumane to try out on animals, many animals die from the animal testing, it’s unethical

What Will I Be Like When I am 75?

1768 words - 8 pages 2027 never returned to its former glory. What I lost during the recession of 2008 will never be returned to me. So my lifestyle is a modest one. I would love to have more to spend and go out to more places, but I am at peace with the calmness that my life has now; and that is priceless. I am the musical director of a small band within the community, and we perform for our community friends, and sometimes even go to neighboring facilities to

Stand at the Crossroads Ministry Run by Deborah Lamb Reaches Out

911 words - 4 pages , “ When I began to work with women in crisis, I found the work to demand a lot of me and time was no longer my own”. She often spent long hours at the ministry helping or preparing for the next day. Lastly, she makes a major sacrifice by only seeing her husband on weekends since now has a job where he works out of town. There are many things Deborah has to do as the director of Stand at the Crossroads Ministry. There are many roles she takes on

Dormitory: When will the school take its reponsibility

704 words - 3 pages bathroom because of the unfastened showerheads, and surprisingly none of them have been repaired. The dormitory teacher’s suggestion is hopeful at least: “You could use the public bathrooms for a few weeks and maybe when the repairmen have time, they will help you.” For problems like the terrible smell and the beds damage, the teachers told us directly to endure because the school has no ways to solve them. Both of the two problems require lots

Chernobyl, this is about what happen to the chernbyl nuclear reactor

3279 words - 13 pages departments of the power station and the town of Pripyat also responded to the accident. Not realizing what had really happened the firefighters went on to the melting roof of the reactor and started to fight the fire. As soon as it was put out in one area, others would start back up because the temperatures were too hot for water to contain the blaze. The firefighters had no protective clothing and, after doing their job for only a short time

Similar Essays

What Are We To Drive When Oil Runs Out?

655 words - 3 pages nuclear waste will have to be stored somewhere, nowadays it is boxed up and put underground but in the long term that won't be the best way because we will some day run out of space, and nuclear power is currently indestructible. (Getting rid of waste can be problematic.) - As I mentioned before, the radiation can cause health risks in people some of them being deformation, desiese or death. Ethanol: Advantages: - Ethanol is

The Cuban Embargo. When It Started, Why It Started, What Is Wrong With It, What Will Happen If It Is Lifted

1155 words - 5 pages Cuba is less than 100 miles off the coast of Florida. A flight from Miami would take less than 30 minutes. However, that is not possible. If Americans want to travel to Cuba they need to either have a special visa or leave from another country, because regular flights between Cuba and the United States are non-existent. The US had many investments in Cuba when Fidel Castro and his guerrilla warfare took over Cuba in 1959. Therefore the U.S. was

What Will Happen To The U.S. Dollar

1839 words - 7 pages This essay wants to present some of the dilemmas of what could possible happen with the dollar. This is a topic that comes up especially in the business arena because it is related with risk and affects the operations and profitability in the short and in the long run. However factors such us stability, acceptability and anonymity are the principal factors why the U.S. dollar was, is, and will be the world's currency of choice; however the last

What Happen To The American Dream?

673 words - 3 pages , Mackwen (2013), points out that, the top 1 percent has received more than half of the income gains since 1993 (p. 26). The shift of income inequality started to increase from 1960s while the deepest increase occurred during the 1980s (Eisner & Gosling, 2013, p. 174). The 1 percent in the 1980 had double their income earnings share while in 2007 it was twice as high surpassing the1980 number (Eisner & Gosling, 2013, p. 176). As a result, of the