Is Petroleum Production Dead?
Many companies, governments, and individuals and their families have taken the initiative to convert from petroleum-based and other fossil fuel based energy to renewable sources. However, plastics, gasoline, tar, and other daily products are still derived from petroleum and the world doesn't appear to be able to function correctly without these in large quantities.
Many politicians oppose exploration and drilling for petroleum in and off the shores of the United States, and the industry overall has declined in the country, as opposed to other countries.
Even if the industry does not survive in the United States, it may flourish in other countries that depend on the industry for most of their economy.
Yes. It's over.
Side Score: 17
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No. It'll be here a while.
Side Score: 15
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Petro production is dead in the sense that Peak Oil has already come and gone. On top of that, the deep recession in the United States (and the world) will most likely spur the investment in alternative energy resources that will put the final nail in Petro's coffin. 450 days ago | Tagged As: Yes. It's over.
I can only hope that the government and the main population of the US begins to trust and invest in alternative energy, because when other countries accept the alternative energy systems and employ them to their full capacity, the US will fall behind in yet another aspect. Cheap and abundant energy will spark investment in any countries that begin (and have already begun) to employ them. Hopefully, alternative energy brings the US and the world out of the recession that only more drastic efforts have been able to in the past. If petroleum production declines in the future or is already over, we need to be ready to fill the energy gap. 448 days ago | Tagged As: Yes. It's over.
Petroleum demand is slowing down. Because of global warming, we are turning towards more environmentally friendly fuels, like biofuels and hydrogen fuels. Because of this, we are going to become less dependent on simply petrol. Due to the recession, more people are starting to travel together (for example, buses and trains). These alternatives provide more fuel efficiency and are more cost effective. Petrol is also running out. It is expected that within 50 years, supplies of oil with go to zero. We will be forced to seek out alternatives. The petroleum industry is going to go. 409 days ago | Tagged As: Yes. It's over.
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I think that petroleum is not dead, even though it may be suppressed in the future in the United States. Too many things that are used in all of our daily lives come from petroleum, and even though the production of petroleum is becoming harder as the easy stuff is gone, I think that overall, the production will increase. Even though the United States has many areas that are ready to produce lots and lots of petroleum, such as Northern Alaska, politicians on both sides are keeping the sometime extremely profitable (for both the companies and the local and federal governments) drilling from the country. 450 days ago | Tagged As: No. It'll be here a while.
well this may be so... you do realize that eventually there will be no more oil though right? I mean even if the entire core of the Earth were nothing but petroleum, at some point it will run out. It's not like Willy Wonka's magic chocolate factory, there's no wizard under the earth casting fosil fuel spells so you can drive your car, Jesus isn't creating endless supplies of oil under the Earth because he's a huge NASCAR fan... okay maybe some southern Senators believe that last one. But you'd have to be a crazy person not to take advantage of renewable resources if they're available. Which they are. 449 days ago | Tagged As: Yes. It's over.
"Remember the oil shortage in the 70's?" Yes, and that was a man-made shortage caused by some Middle East oil producers cutting back drastically on oil products to punish the West. "And here we are more than 30 years later and we still have oil." No one was saying back then that we were going to run out of oil in 30 years, period. Peak Oil is REAL my friend. Even Saudi Arabia recently was surpassed by Russia in terms of oil production. The OPEC countries have been blatantly lying about their oil reserve amounts since the 1980s. It waaay past time to wake up on this issue. 137 days ago | Tagged As: Yes. It's over.
Eventually, we will find more efficient ways to utilize and manufacutre hydrogen for vehicles and powering our homes (think photosynthesis). However, this also means our power infrastructure could become more decentralized. Each of us could potentially produce enough hydrogen to power our own homes and cars - there would be no need for a centralized electrical power grid system. So, until the government, auto companies, power companies, etc. start thinking in this direction, petroleum production will be around for awhile. Besides, we have too many other petroleum-based products upon which our society and economy is dependent. 449 days ago | Tagged As: No. It'll be here a while.
"Eventually, we will find more efficient ways to utilize and manufacutre hydrogen for vehicles and powering our homes (think photosynthesis). However, this also means our power infrastructure could become more decentralized. Each of us could potentially produce enough hydrogen to power our own homes and cars - there would be no need for a centralized electrical power grid system." Hydrogen fuel cells are merely a carrot/pipe dream that is constantly 20-30 years away. They've been saying that for at least 10-20 years now, and we are really no closer to that pipe dream becoming a reality. While utilizing some local renewable energy sources may reduce the need for a large, nationwide electric grid, we will never truly be able to get rid of "a centralized electrical power grid system". Electricity is here to stay for a loooong while. "So, until the government, auto companies, power companies, etc. start thinking in this direction, petroleum production will be around for awhile." This "thinking" is already taking hold...alternative energies are being resourced more & more by the govt., which is a great thing for the long-term health of our nation. 137 days ago | Tagged As: Yes. It's over.
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