Oil Is The Lifeblood Of The Modern World - 878 Words

Oil is the lifeblood of the modern world. Oil is form of fossil fuel, which includes coal and natural gas. There are household items like clothing, ink, crayons, pillows, shoes, electrical tape, etc. We use oil for not only fuel, but also various types of plastics, synthetic materials, and chemical products (ConocoPhillips 2016). From the article written by Robert Lamb, it says, in 2009, oil wells around the world pumped 84 to 85 million barrel out of the Earth and countries consumed just as much. [Source EIA]. Can you think what could happen if we ran out of oil? In October 2014, the International Business Times created an article stated that according to the Institute of Mechanical Engineers, there are 1.3 trillion barrel of proven oil reserve left in the world’s major fields, which at present rates of consumption should last only 40 years (Lambo 1998-2016). There are ways we can reduce our intake on oil by using less oil than we need. We can use alternative energy that is r enewable like wind, water, solar, and other renewable energy technologies. It took nearly hundreds of millions of years to create the world oil reserves. In less than a century, before oil became the commodity on which the world is power turned. The article written by Robert Lamb, states that before the gradual downfall begins, we can reach a point known as peak oil. Imagine a carafe filled with coffee. Pour cup after cup without effort until the stream of java begins to trickle. Peak oil is that lastShow MoreRelatedOil Is The Lifeblood Of The Modern World894 Words   |  4 PagesWhen the Oil Runs Out Oil is the lifeblood of the modern world. Oil is a form of fossil fuel, which includes coal and natural gas. There are household items like clothing, ink, crayons, pillows, shoes, electrical tape, etc. We use oil for not only fuel, but also various types of plastics, synthetic materials, and chemical products (ConocoPhillips 2016). From the article written by Robert Lamb, it says, in 2009, oil wells around the world pumped 84 to 85 million barrels out of the Earth and countriesRead MoreThe Immortal Words Of Sheikh Zaki Yamani, A Saudi Oil Minister1564 Words   |  7 Pagesimmortal words of Sheikh Zaki Yamani, a Saudi oil minister, â€Å"the Stone Age did not end for the lack of stone but the oil age will surely end long before the world runs out of oil† (The end of the Oil Age). A strong prediction from 3 decades, coming from such a source can hardly be a case of wishful thinking. More elaborate description of this prediction was proposed by Shell geologist M. King Hubbert i n 1956 through his Hubbert Curve (Lamb). He proposed that all oil wells follow a production bell curve withRead MoreThe Energy Crisis Of Oil Essay1320 Words   |  6 Pagesappetite is for oil, the blood of the earth. Similarly, to humans, when blood is removed from the body without being replaced, a treacherous situation surfaces. 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Therefore, it is of paramount importance that these correlated variables should be studied with a very keen eye. Since the link between currencies, commodities, stocks an bon ds runs very deep, change in any one of them seems toRead MoreOil Is The Lifeblood Of The World1401 Words   |  6 PagesOil is the lifeblood of the world. Everything that is created by human hands can be related back to it in some way. In an age where there is a dwindling supply of oil it is becoming increasingly important to use every last bit of it to its full potential. After crude oil is removed from the ground it goes through a process called fractionation which separates the hydrocarbons found in oil based on their size. When fractionation is completed the separated hydrocarbons can be manipulated to form moreRead MoreEffects Of The Oil Prices On The Economy1709 Words   |  7 Pages Evaluation of the effect of the oil prices on the economy. Introduction: From many decades oil is discovered and considered as the essential base in every part of people lives. It is the energy source and raw material that drives development. Oil is currently the most important commodity (EL-Sarif et. al. 2005). It is vital to transport (air, sea, road and rail) and also the production of goods for example, tar and plastic. With the demand for energy has risen relentlessly over the last 150Read MoreThe Root Of Beyond Petroleum1213 Words   |  5 Pagestheir Public Image. Drilling for oil is risky business and what makes it worthwhile is the payoff. To put it simply fossil fuels, oil and its distillates remain to be the lifeblood flowing through the veins of a highly industrialized and demanding modern industry. Transportation, Power Generation, Manufacturing, Motorsport, our very lives depend on oil. Arguments can be made that the most recent disasters to befall this oil giant could have happened to any other oil company however among the far reaching