How much oil do we have left and how long can it last?
I. Title: How much oil do we have left and how long can it last?
II. Introduction
Since the late 19th century, there were people that have been living under a roof lighted up by electricity generated by water power and coal, and later on fuel oils. As years go by and the world becomes more industrialized, this number of people grew exponentially which led to this day and age, where almost every industrialized country has access to it which can be numbered in billions. In addition, fossil fuels are not only used in generating electricity, it is also used to make almost everything and fuel vehicles which are used every day. Along with the increasing number of consumption for energy is its increasing number of demand due to the continuous development of third world countries.
From the start of the ‘Petroleum Age’ 150 years ago, the experts have agreed that humans have consumed about 1 trillion of barrels of oil. Each day, the world consumes about 93 million of barrels of oil (World Energy Statistics, n.d.), a barrel of which is equivalent for about 159 liters.
Although there new forms of renewable energies are being discovered overtime, we still depend for fossil fuels play the largest part in supplying energy. Fossil fuels, as we know it, are non-renewable energy sources that formed naturally for more than millions of years ago long before the dinosaurs existed on the planet Earth. It is made up of buried dead organisms that have undergone the anaerobic decomposition which would later turn into 3 forms: petroleum, natural gas, and coal.
III. Objective
The objective of this paper is to inform its readers of the “how and what” concerns about the fossil fuels.
IV. Methodology
To research through the World Wide Web and other reliable sources which could give answers to the following questions:
1. How much oil do we have?
2. How much oil does the earth contain?
3. How hard can we harvest/acquire this oil?
4. What is the current rate of oil production?
5.
II. Introduction
Since the late 19th century, there were people that have been living under a roof lighted up by electricity generated by water power and coal, and later on fuel oils. As years go by and the world becomes more industrialized, this number of people grew exponentially which led to this day and age, where almost every industrialized country has access to it which can be numbered in billions. In addition, fossil fuels are not only used in generating electricity, it is also used to make almost everything and fuel vehicles which are used every day. Along with the increasing number of consumption for energy is its increasing number of demand due to the continuous development of third world countries.
From the start of the ‘Petroleum Age’ 150 years ago, the experts have agreed that humans have consumed about 1 trillion of barrels of oil. Each day, the world consumes about 93 million of barrels of oil (World Energy Statistics, n.d.), a barrel of which is equivalent for about 159 liters.
Although there new forms of renewable energies are being discovered overtime, we still depend for fossil fuels play the largest part in supplying energy. Fossil fuels, as we know it, are non-renewable energy sources that formed naturally for more than millions of years ago long before the dinosaurs existed on the planet Earth. It is made up of buried dead organisms that have undergone the anaerobic decomposition which would later turn into 3 forms: petroleum, natural gas, and coal.
III. Objective
The objective of this paper is to inform its readers of the “how and what” concerns about the fossil fuels.
IV. Methodology
To research through the World Wide Web and other reliable sources which could give answers to the following questions:
1. How much oil do we have?
2. How much oil does the earth contain?
3. How hard can we harvest/acquire this oil?
4. What is the current rate of oil production?
5.
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