Got a tricky question? Receive an answer from students like you! Try us!

End of Oil - Essay Example

Free
Undergraduate
Author : mjacobs
Essay
Engineering and Construction
Pages 3 (753 words)
Download 0

Summary

End of Oil Introduction It took more than 100 million years for crude oil to form under the earth and it is astonishing that half of the stock has finished in just 100 years or so. With the world consuming more than 90 million barrels a day, it cannot last more than a few decades…

Extract of sample
End of Oil

It can be said that the real intensive search for oil began thereafter. Corsicana came to be known as next major oil field in the state of Texas. By 1901, it became one of the largest oil producing fields in the country outside Pennsylvania. During 1922-23, the state of California came to be known as the top oil producing state in the US. The Southern California region comprised of Signal Hill, Huntington Beach, and Santa Fe was the most prominent oil producing region at that time meeting one-fourth of the world demand. The major oil discoveries in the first 50 years came from the US (History of Oil, 2011). New Discoveries vs. Production-consumption Scenario Campbell (2011) argues that global oil discovery peaked in the 1960s. Since 1981 the world has been using more oil than it finds. The gap is ever increasing between discovery and its production. It is a fact that stock of this natural commodity is now on decline. It is quite likely that by the end of this century petroleum stocks would have almost exhausted from this earth and with that perhaps the era of economic development based on oil also. Source: http://www.oilcrisis.com/campbell/ Alternative Energy Sources vs. ...
Download paper

Related Essays

The environmental issues associated with producing unconventional oil and gas
The US Government, federal regulatory authorities, the industry operators, NGO’s along with environmentalists are therefore engaged in discussions as to the best way forward into this relatively new field, by addressing the concerns of all the stakeholders involved. Introduction Recent advances in technology have made it possible to drill natural gas from deep reservoirs located in energy rich areas of the United States. These fuels are being termed unconventional fuel sources and contribute to around 25% of the fuel consumed in the US. This unconventional source is comparatively a cleaner…
17 pages (4267 words)
Environmental Damage at Burgan Oil Field in Kuwait: History, Clean-up and Future Policy
.4 2.2 Explain the Clean-up….….5 2.2.1 Extinguishing of Kuwaiti oil fires….…5 2.2.2 Cleaning the salty water….6 2.2.3 Cleaning the soil….…7 2.3 Future Environmental Policy….….8 2.3.1 The future, what is KOC future plan to keep fixing the damage, how much damage is left?.8 2.3.2 What is Kuwait government environmental policy to manage all the oil fields….9 2.3.3 Is there any regional policy, does OPEC have any environmental policy?.9 3.0 What is the best thing for Kuwait government to do?.9 4.0 Reference 1.0 Introduction Now-a-days there is no need of explanation that…
6 pages (1506 words)
Detection of Oil Spillage in the Sea
The images were taken during the Prestige oil spill that happened in Spanish coast. Geographical Information System (GIS) database was used in the integration of the images to study the spatial distribution, slick progression and the results compared to field observations. From the results acquired, a relationship is developed between the use of radar imagery and other available options like wind data and in situ interpretations. Integration of these techniques produces efficient ways of monitoring and forecast oil spills in the oceans. Key words Advanced Synthetic Aperture Radar (ASAR), oil…
5 pages (1255 words)
history of oil and gas in China
With a mounting population of more than 1.3 billion people, China depends greatly on other countries for prime resources, for example, oil and gas. In order to enhance its association with other Southeast Asian nations, China always considers diplomatic action over military intervention, especially in regards to disputed territories like the Scarborough Shoal in South China Sea. China is frequently involved in a political clash with Malaysia; perhaps, it is due mainly to the two countries' diplomatic dissimilarities. Nevertheless, China's ties with Malaysia are interdependent in that China…
Oil Spills Clean-up Technology
This essay stresses that major oil spills have been blamed on poor strategies used by the management to deal with the problem. Some of the policies that are stipulated are poor due to the need to cut down the cost of operation. Some of the companies that have been blamed for such poor policies include the BP Company. Due to the 2007/08 economic turmoil, the company management was in the process of cutting down cost of operation. As a result, this led to the problems, which have been witnessed. It is for this reason that some of these companies need to be punished. Other methods that would also…
31 pages (7781 words)
Gullfaks Oil field
Oil exploration in the location where Gullfaks main field occupies started after the discovery of Brent Field in 1971. Hence, revealing the prospects of occurrence of Middle Jurassic Brent group sentiments, which are significant and highly rich hydrocarbon reservoirs. The first licensing that saw inception of drilling was in 1978 whereby the first well (34/10-1) managed to go through Jurassic section and encountered approximately 160 m width of oil-filled Brent sandstones region. This comprised of a column, which extends to the basement of Brent Group. Other four wells that followed the…
23 pages (5773 words)
Exxon Valdez Oil Spill: A Case Study in Engineering Disaster
Exxon Valdez Oil Spill: A Case Study in Engineering Disaster …
7 pages (1757 words)