Oil, and all other fossil fuels are finite resources by their very nature, but as easier reservoirs of oil are exhausted other more complicated reservoirs become economically viable.ĭeeper reservoirs and other more technically challenging ones, are more expensive to exploit but as long as there is a demand for oil they are worth going for. But this is not because there is an infinite supply of the black stuff buried around the world. Technically speaking it is actually unlikely that we will ever 'run out' of oil. We are constantly bombarded with news about the world's oil running out in the next 5, 10 or 20 years, but is this actually true? How Long Until the World Runs Out of Oil? So, the loss of these resources would have a profound, and shattering effect on human civilization. Planes, trains, and automobiles are also essential to move foodstuffs around the world. Sticking with agriculture for a moment more, most of a farm's larger equipment and machinery, like tractors and combine harvesters, run on oil-fuel derivatives. Without that food production would directly be affected around the world. Other resources, like natural gas, are also important for making some fertilizers. Food, materials, clothes, computers, mobile phones, pharmaceuticals, etc all either directly or indirectly require crude oil and other fossil fuels for parts of their production or transportation. We literally depend on them for pretty much everything. Oil and other fossil fuels are also vital for the production of electricity. It's distillation products like petroleum and diesel, run practically every mode of transport around the world. It has a high energy content and is readily refined into liquid fuels through distillation. Oil, in particular, is an interesting and unique substance. That totals around 87% of human global energy needs.Īs you can see, if these supplies were to be perturbed significantly, it would be a big shock to the system, to say the least. Coal and is around 30% and natural gas comes in third place at around 24%. We are using twice as much coal and three times more natural gas.Īt present, crude oil constitutes around 33% of global energy needs. The human race is a global civilization and is heavily reliant on a plentiful supply of crude oil.īetween 19, humanity has seen an increase in demand for crude oil by about two and a half times. If this ever happened, and our current logistical infrastructure had not responded in time, this would potentially be a very serious problem. What Will Happen If We Run Out of Oil and Petroleum?
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