In 1956, M. King Hubbert, a geologist, created a theory that world oil production is following bell-shaped curve of rise – peak – and decline. After the maximum rate of petroleum oil is being extracted, it will reach a certain point of oil will reach peak and then slowly start to decline regardless of the demand. Hubbert said that by the year 1970 the world would reach this peak point which is started with companies extract the easy oil first and after that drawing oil will become harder and harder and production will reach peak point then start to decline. According to his curve, we can idealize that after we reach the point of oil discovery, we will have time lag for around 30 – 40 years and then we will reach permanent production crisis.
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Lack of oil will cause deficiency. Everyone used oils for many things in our daily life without knowing that it’s made from oil but we all know that oil is mainly used in transportation and heating and cooling. However, not many people know that we used oil in pesticides and fertilizers too. With lack of oil, crop production around the world would seriously decline and cause worldwide deficiency. Products produced from oil will become insufficient and the price will rapidly increase, such as the price of liquid fuels will increase and many things will disappear. This will cause a really severe economic and price effect. Furthermore, this could cause chain effect of worldwide recession and then unemployment crisis will occur. The worst thing that would happened is resource war would break out across the world, which means, this could be an origin of another world war. While becoming more fuel efficient and saving gas does help, it only prolongs the inevitable. On the other hand, It’s time for human races to invent and looking for the best alternative source of oil for us to live. With the consideration about pollution and our efficacy to gain it too. Without oil, there will be no more petroleum and gasoline. The most appropriate alternative source for now would be electric power as it has been started to play a role in our daily life. There were some of the transportation that began to use this type of energy because it’s cheap clean and effective. Nuclear power is also one of the interesting source of energy that could be alternative source of oil as we could get a very big amount of. However, due to its incredible destructive potential might be dangerous to use. All of these options should continue to be researched but the results need to be seen much quicker or the world is in big trouble. Without oil or a fully effective alternative the world as we know it will no longer
Lack of oil will cause deficiency. Everyone used oils for many things in our daily life without knowing that it’s made from oil but we all know that oil is mainly used in transportation and heating and cooling. However, not many people know that we used oil in pesticides and fertilizers too. With lack of oil, crop production around the world would seriously decline and cause worldwide deficiency. Products produced from oil will become insufficient and the price will rapidly increase, such as the price of liquid fuels will increase and many things will disappear. This will cause a really severe economic and price effect. Furthermore, this could cause chain effect of worldwide recession and then unemployment crisis will occur. The worst thing that would happened is resource war would break out across the world, which means, this could be an origin of another world war. While becoming more fuel efficient and saving gas does help, it only prolongs the inevitable. On the other hand, It’s time for human races to invent and looking for the best alternative source of oil for us to live. With the consideration about pollution and our efficacy to gain it too. Without oil, there will be no more petroleum and gasoline. The most appropriate alternative source for now would be electric power as it has been started to play a role in our daily life. There were some of the transportation that began to use this type of energy because it’s cheap clean and effective. Nuclear power is also one of the interesting source of energy that could be alternative source of oil as we could get a very big amount of. However, due to its incredible destructive potential might be dangerous to use. All of these options should continue to be researched but the results need to be seen much quicker or the world is in big trouble. Without oil or a fully effective alternative the world as we know it will no longer