Proven oil reserves are those with a 90% chance of extracting oil. Furthermore, 76% of commercial energy is extracted from fossil fuels such as natural gas, oil, and coal while the rest comes from renewable sources. According the Organization of Petroleum Exporting Countries 1.5 trillion barrels of oil are available as of 2014 based on proven oil reserves. These calculations are repeatedly revised and disputed by organizations because there may be reserves that cannot be taken into consideration because they are yet to be discovered. The International Energy Agency Oil Market Report determined that in 2016 the world will consume 96 million barrels of oil and liquid fuels per day, interpreted as 35 billion barrels a year. We know there is a definite amount of oil in the world because the 1 million to 1 billion years it takes oil to form makes it a non-renewable resource. Eventually there will be oil droughts and tensions between countries craving the smallest drop of oil will escalate from 0 to …show more content…
Hydro-power plants capture kinetic energy as moving water turns the turbines. Generators are then introduced to convert mechanical energy into electrical energy. Dams are built to harvest hydroelectricity but they can cause back up of water and flood land upstream or cause droughts downstream. Biomass energy is the conversion of biological materials and wastes into energy sources (Rinkesh). By burning materials such as wood, plants, and carbon based waste they are kept out of landfills. These energy produced by combustion of biomass is minute compared to energy produced by fossil fuels and is nowhere near being able to support energy needs of a