The end of conventional oil

Theend of conventional oil

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Theendof conventionaloil

Theworldeconomyisbuilton cheapfossil oilthat has supportedeconomicdevelopments.Sometermoilas Dinosaurs’ bloodsince itwascreatedlongtimeagowhentheystillwanderedtheworld.Itis alsosaidto be devils’excrementby causingproblemssuchas corruptionandwarin theworld.Oilis alsosaidto be black bloodbecauseoilrefineriespollutetheenvironmentresultinginto manycasesof cancer.Manypeoplebelievethattheoilis thebloodon earthandshould not be takenawayfrom us since itis veryessentialin sustaininglife.Despite all thesenegativeattributesto oil,ithas beenestablishedthatoilis thebloodstream of theworldeconomysince itis thebackboneof theworld’seconomy.Oilmajorfieldsin theworldare on thedeclineresultingin manyproblemsas thedocumentbelowwill discuss(Aleklett, 2012).

Weare movingfrom timeof inexpensiveandplentifulenergyto a periodof expensive,hardto getandscarceenergy.Thisis becausethere has not beenotherdevelopedalternative energysourcesto replacenaturalgasses andoilas sourcesof energy.Thestatementthatthere is enoughandwellcoalto takeus formanyyearsrestson theassertionthatitwill beusedcurrently butnot to replaceoil.Thesourcesof oildonot haveto be dry,to getfinished,to causepanicon theeconomyof theworldandlowerlivingstandardssharply,butoiljustneedsto be veryexpensive.Thatis thebeliefthat has ledto highcostsof oilandits products(Venn, 2002).

Oilexportingcountriesare determinedto keepthewholeworlddepend on gasandoilforlong.Mostof thesecountriesrely completelyon to runtheir economies.Theoiltheyproduceis exportedto othercountrieshencegeneratinggreatprofitsforthesecountries.With thesereasonsoilexportingcountrieswould wantto maintainoilmarketworldwide.Theywould not wantothersourcesof energyto be discoveredto replaceoilsince theywanttherestof theworldto depend on oilalone(Aleklett, 2012).

Oilshortageswould resultin thesocietycollapsinghencecausingmanyproblems.Itwill leadto unemploymentsince manyoilrefinerieswill closedown. Thiswill leadto povertyas wellas starvationwhichwill finallyresultto insecurity.Oilshortagewill alsoleadto increasedcostsof oilandtransportationservices.Mostprocessesindustriesrely on oilas a sourceof energyhencetheshortageof oilwill maketheseindustriescostsof productionto rise.Thecompanieswould be forcedto increasepricesof theproductsin orderto recovertheir moneyandgenerateprofit.With highproductprices,peoplemay not affordthem hencegreatsuffering(Chakarova, 2013).

Oilis not like cropsweplanteveryyear.Thegreatvolumeof oilin theworldwasformedin a shortperiod90 and150 M yearsagoduring excessiveglobal warming. During thisperiod,plantandanimalremainswereburieddeeperwherepressureas wellas heatbegunto risehenceformingoilandnaturalgas.Someoilmovedto thesurfaceanddisappearedwhiletheremainingoildepositsweretrappedunder rockimpermeable layerswherewefindoiluntil today.Thatmeansthesedepositshavebeenreducingover theyearsas weusethem, andfinallythere will be noenoughoilremainingin thedeposits.Thiswill affectan engineer’scareernegatively since theoilindustryhas employedmanyengineers.Engineersareneededin theentireprocessof oilprocessing. Machinesthat useoilare alsodesignedandmaintainedby engineers.Shortageof oilwill eradicateengineeringas a career(Toman, 2008).

Oilcannot bereplacedeasily.Thisis becausecurrently there are stillothersourcesof energyandlaborbutpeoplestillpreferoil.Oilis cheapto useandproduce,anditis readilyavailableto manypeople.In casethedepositsrunout of oil,wemay not havemanyoptionsbutto usetheexistingsourcessuchas electricity,nuclearenergy,andsolarenergy.Electricitycan beusedin variouswaysat severaldifferentvoltages.Nuclearenergyis costlyto produceandmay not be availableto all.Manypeoplebelieveoilis their godterming itas themostimportantresourceto bediscovered.Thisis becauseitis not expensivebutreadilyavailableandhelpto delivermanyservicesthathumancannot livewithout.Haditnot foroilthetransportindustrywould not be efficient,actualcostsof productswould be veryhigh,andthere would be manyproblemsespeciallyto thepoor(Chakarova,2013).

Otherproductsthat would be affectedby shortageof cheapoilincludelaptops andmicrochip that usefossil fuelin their construction.Unlike carswhichare mostlybuiltusingmetalsfortheir construction,microchips requirefossilfuel630 timesin relationto its weight.Fossil fuelsare importantin powering therequiredenergyin theprocessof production.Companiescan reducetherequiredenergyby about 90% by usingrecycled aluminum althoughits availability is a problem.Theshortageof cheapoilwill resultto highcostsof productionof laptops andcomputershenceinterferingwith thedevelopmentof thismoderntechnology (Venn, 2002).

Innovationssuchas irrigation,useof agrochemicals andmechanizationare termed as thegreenrevolutionanddepend on petroleum.Fertilizersoffernitrogen, animportantconstituentof plantgrowthhenceincreasedcropproduction.Fertilizersaremadethrough Haber-Bosch processmakinguseof hydrogen particlesfrom fossil fuel.Shortageof petroleumwould resultto increasedcostsof fertilizershenceaffectingproductionof foodto feed7 billion peoplein theworld.In 2050, thepopulationof theglobewill be 9 billion. Thispopulationwill needenergyandfood.Scientistsproposethatmorelandwill haveto beclearedforagricultureI orderto produceenoughfoodto feedthe9 billion populations(Toman, 2008).

Theliquidcomingout of oilas itis processedformsthebuildingblocksforchemicals,pharmaceuticals, petrochemicals, andplastics.Without cheapoil,engineeringwill facealotofproblemsmanufacturingtheseproducts.Itwill be forcedto exploreotheralternativesmaterialswhich may be expensiveandalsounavailable. Engineeringwill haveto investmuchmoneyon researchto identifyavailablematerialsthat can replaceoilin theproductionof theabove-named products.In thiscase,theendof cheapoilwill affectmycareeras an engineerin thatthechancesof employmentwill belimited.Rightfrom theproductionandprocessing of oil,to manufacturingof oilproductsengineeringplaysa vitalrole.Enginesthatuseoilandtheentiretransportationrequirecontributionsof engineers(Chakarova, 2013).

Conclusion

Economyof theworldgreatlydepends onfossil fuelto develop.Somepeoplebelieveoilhas broughtmanyproblems,butthemajorityof them recognizesthegreatcontributionof oiltowards theeconomyof theworld.Theshortageof oilwill leadto manyproblemssuchas lackof enoughfoodfortheincreasedworldpopulationandpoortransportation.Engineeringandpharmaceuticals fieldswill alsobe affected.Costsof productswill increaseresultingto povertyandstarvation.Investingin researchhas beenproposedin orderto comeup with alternativeswhichcan replacefossil fuelto avoidproblemsrelatedto its shortage.

References

Aleklett,K., &amp Qvennerstedt, O. (2012). Peekingat peak oil.New York: Springer.

Chakarova,V. (2013). Oilsupply crisis: Cooperation and discord in the West.Lanham, Md: Lexington Books.

Toman,M. A., &amp Rand Corporation. (2008). Unconventionalfossil-based fuels: Economic and environmental trade-offs.Santa Monica, CA: RAND Corp.

Venn,F. (2002). Theoil crisis.London [u.a.: Longman.