Research question: How can peak oil impact the economic, social, environmental impact, consumer and producer?
What is Peak oil? Peak oil is the maximum extraction of petroleum when reached a certain level. Who is the founder of peak oil? Marion King Hubert. When oil first discovered? In 1847.There many ways that how a peak oil could affect the world especially the countries that relies in the production oil and that’s the only source of money, or the country that relies on oil for electricity, transportation, and etc. Peak could be a good thing or a bag thing.in that ay that peak oil could be a good thing is the pollution will be decreased, but the bad thing will be is that there will be a scarcity of oil which will reduce the usage of oil like there will be less transportation. Now I am going to write in the following paragraphs what is the social impact, what is the environmental impact, and last but not least comparison of peak oil impact producer vs consumer.
1-What is the social impact of peak oil? …show more content…
This graph shown below shows the oils production in 2015-2019 the production oil is reduced and by 2035-2050 the oil produced barrel per year is reduced from 60 billion barrels years to 10 billion barrels be year in
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The U.S. uses 25% to 30% of the oil produced in the world, yet has less than 3% of known oil reserves,” (Doc C Paragraph 3).This is important because if becoming self-sufficient is impossible than is drilling even worth
The petroleum market rose in 1859 after former rail director Edwin Drake successfully unearthed an oil well with his own oil drill. After this breakthrough, investors realized that oil sites made more financial sense than whaling voyages. Whaling was dangerous, time-consuming, and expensive—while often yielding no profit. But oil drilling was generally risk-free, would not cost anyone’s life, and was more likely to yield something profitable with the reliability of Drake’s oil drill. Consequently, many whaling ports lost their funding to oil sites, and kerosene replaced whale oil as America’s leading natural resource.
One of the most controversial projects for the United States to decide on was whether or not to build the Keystone pipeline. This topic forces the government to decide if economic development is worth the cost of endangering the environment. Though this pipeline will allow the United States to rely less on foreign oil, the pipeline’s lasting effects prove to be a factor that cannot be easily overlooked. The Keystone pipeline should not be built because it endangers the environment and has the ability to create catastrophic damages through pollution and habitat desecration. Pollution is a major factor that has to be considered when referring to the Keystone pipeline.
Oil has made a great number of impacts on Texas and its social economy. The discovery of oil helped grow many places, start many jobs and towns. It has also helped people in the lower class and helped people in the upper class. Overall, oil has changed Texas. So the radio station, asks, what are the topics that help create a social change the most?
January of 1901 Texas seemed boring for those Texans that were there at the time, But the 20th century was just getting started when one drop of the gooey, black substance that changed Texas in seconds, Oil is its name! January, 1901, on a little hill called Spindletop oil sprouted into a beautiful rose. It made many opportunities in Texas and the US. Oil was used for lots of things like Asphalt (for paving roads), gasoline to fuel cars, trucks,etc. Oil would now be the economic engine for Texas, oil would make a gigantic impact on Texas as a whole.
But now countries, private companies are extracting it so much that it will run out, and people will not have any means of work in order to feed their families. As the movie displayed, it shows that Chain increased their oil import by twenty-five percent, and they are number two in oil import. With the high demand of oil, it is said in the documentary that countries might get into a great recession once again. In other to prevent these kinds of problems, such as, lack of unemployment, and recession from occurring in countries with natural resources, they need to invest in alternate resources for the future generation of their
In addition, there are more downsides to fracking than just water pollution, and that is the pollution of our environment. The condition of our environment is horrendous when fracking is conducted. To add on to that statement, fracking has caused natural gas leakage into the air, marred landscapes, and many more hazards to our environment. Fracking has already caused pollution to the air, and fracking companies have to remove trees, then that takes away more air from our environment. Trees are vital to Earth’s supply of oxygen, and these companies are just taking the air straight out of the lungs of the people.
Since 2009, state crude oil production has increased 86.5%, one of the larger increases in the country. In this case, the increase in oil production in Oklahoma has positively affected its economy (Kent). It has contributed to more than half of the state’s Gross Domestic Product growth rate which is 2.8%. This contribution is so noteworthy, that if Oklahoma didn’t produce oil it would be near the bottom in growth compared to the other states. Since the oil does contribute to the growth, Oklahoma is rated as one of the top in GDP growth rate.
A situation that was negative during the oil discoveries in the early 20th century was not everyone benefited from the jobs, discovery, ect. Mexican and African Americans were mostly the the ones who did not benefit from the oil drilling because they could not get good jobs. The only jobs that Mexican an African American’s could get were unskilled jobs. Unskilled jobs like house cleaning, clearing land, and carrying baggages. In 1949, Willsie Lee Mckinney, an African American women, moved to the booming Midland because she realized that she could make more money a day their than in other places.
Spindletop, the oil boom in Beaumont created the modern oil and natural gas industry, changed the future of American transportation, and also brought many new oilfield technologies. “Spindletop was to remake the oil industry.” 3 Before the discovery of Spindletop, oil was only used for lamps and lubrication. After the Spindletop, petroleum would be used as a major fuel for new inventions as the airplane and automobile. Ships and trains that had previously run on the power of coal, now switched to oil.
Oil has been the saviour of many and gave them something to live for. Oil was discovered in Texas in 1901 on spindletop. The thick goopy substance called petroleum made many families and individuals richer than they would have ever believed. It made job opportunities for most everyone and caused big changes to the society and how people live. What are the biggest social changes caused by the discovery of oil?
Discuss the role cheap fossil fuel plays in determining the way American farmers grow corn. Explain why Pollan might characterize the availability of cheap corn as a “plague”. The cheap fossil fuels are killing the economy, killing the chances for corn. Pollan characterizes the availability of cheap corn as a plague because a plague is an infectious disease that harms a lot of people.
2. Brief analysis/warrant (How/Why this is important?)This shows how if we continue to pollute our atmosphere by emitting greenhouse gases such as carbon into our atmosphere, it will cause more natural disasters which will be more severe due to the rising temperatures which will allow for more severe storms, which is all a result from emissions. II. Conclusion A. Restate Thesis to remind the audience of your position: It can be said from the previous examples that global warming and climate change are both caused by human emission of greenhouse gases which result in consequences such as warmer temperatures and severe natural disasters.