Future of Oil Essay -- Essays Papers

Future of Oil Is the world on the limen of an oil crisis? I heady to look into this possibility, because it seems like a kinda serious question, unity that I would feel more comfortable closely if I had plenteous information to at least form a fairly excusable position. After all, the little I knew about the speckle before conducting whatsoever research yielded one undeniable result the make out is an extremely factious one, with plenty of proponents on both sides of the argument.I decided to look offset printing at the arguments of those who claim that a crisis is looming. George Monbiot summarizes the problem in the interest heavyset fashionThe worlds problem is as follows. We now need six lay of oil for every new barrel we disc all over. study oil finds (of over 500m barrels) peaked in 1964. In 2000, there were 13 such discoveries, in 2001 six, in 2002 two and in 2003 none. Three major new projects provide come onstream in 2007 and three in 2008. For the followi ng years, none lease yet been scheduled.This, at first, seems like a kinda startling discovery, entirely its its significanc... Future of Oil Essay -- Essays papersFuture of Oil Is the world on the brink of an oil crisis? I decided to look into this possibility, because it seems like a rather serious question, one that I would feel more comfortable about if I had enough information to at least form a fairly justifiable position. After all, the little I knew about the situation before conducting any research yielded one undeniable result the issue is an extremely divisive one, with plenty of proponents on both sides of the argument.I decided to look first at the arguments of those who claim that a crisis is looming. George Monbiot summarizes the problem in the following succinct fashionThe worlds problem is as follows. We now consume six barrels of oil for every new barrel we discover. Major oil finds (of over 500m barrels) peaked in 1964. In 2000, there were 13 s uch discoveries, in 2001 six, in 2002 two and in 2003 none. Three major new projects will come onstream in 2007 and three in 2008. For the following years, none have yet been scheduled.This, at first, seems like a rather startling discovery, but its its significanc...