FratFiles

• Save Paper

ALTERNATIVE ENERGY SOURCES

Some scientists estimate that there are about 800 billion barrels of oil remaining. The current oil consumption is 76 million barrels per day. It looks like planet Earth has has oil for about 10,000 days, i.e. about 27 years, assuming that consumption does not increase. If consumption increases an average 5% a year, then we have oil for only about 15 years. The real issue is when will production of oil be insufficient to cover demand? That largely depends on demand, not on reserves. But today, the world is approaching what geologists call "peak oil", the point at which daily demand will exceed supply. When this happens – the prices of crude oil could go well higher than $100 per barrel. (Oil Reserves, Production and Consumption).
I think that the government of all developed nations should come together and more research needs to be done in the area of alternative fuels, such as methanol, natural gas, electricity, and propane because of their lower......

View the rest of this paper...

Approximate Word Count: 470
Approximate Pages: 2 (250 words per double-spaced page)

Similar Essays

1. Alternative Energy
   

   Alternative Energy Lloyd 1 Alternative Energy Sources Energy is all around us. Almost everything that you can see or touch is energy or took energy to make. Even our bodies are

2. Alternative Energy Sources
   

   Alternative Energy Sources Saving Our Home The environment becomes more of a concern with every passing day. This is due to humanity's selfishness and lack of interest for the

3. Global Warming And Alternative Energy Sources Research Paper
   

   Global Warming and Alternative Energy Sources Research Paper Global Warming and Alternative Energy People are inflicting major damage to the Earth's environment, and if we don't

4. Alternative Energy Sources
   

   Alternative Energy Sources ALTERNATIVE ENERGY SOURCES Some scientists estimate that there are about 800 billion barrels of oil remaining. The current oil consumption is 76 million

5. Alternative Energy
   

   Alternative Energy Alternative Sources for Energy Millions and millions of barrels of oil, coal, and natural gases are being pumped out of the ground on a daily basis. These fuels