THE END OF OIL
The featured article “The End of Oil,” the author, Alex Kuhlman shows his opinion on the relationship between oil supply and demand. He claims that the speed of oil consumption has been becoming more and faster than we discover new oil since 1981 and the gap between them has been continuing to widen (Kuhlman, 2007). Kunlman (2007) gave evidence both from oil demand and supply aspects to illustrated the imbalance which would cause a big trouble.
The consumption of oil in the world is big. 85 million barrels of oil are consumed per day, which equals 40 thousand gallons per second and these figures are growing dramatically (Kuhlman, 2007). One reason for the large amount of consumption was there are 33 out of 48 out countries
The featured article “The End of Oil,” the author, Alex Kuhlman shows his opinion on the relationship between oil supply and demand. He claims that the speed of oil consumption has been becoming more and faster than we discover new oil since 1981 and the gap between them has been continuing to widen (Kuhlman, 2007). Kunlman (2007) gave evidence both from oil demand and supply aspects to illustrated the imbalance which would cause a big trouble.
The consumption of oil in the world is big. 85 million barrels of oil are consumed per day, which equals 40 thousand gallons per second and these figures are growing dramatically (Kuhlman, 2007). One reason for the large amount of consumption was there are 33 out of 48 out countries