CRUDE AWAKENING
What do tennis rackets, tooth paste and tires all have in common? They are all made from oil or petroleum. Our entire economy runs on oil and also depends on oil. Oil is about 25 % of the world’s economy and is also a very valuble resource. It is used to run cars, trucks, boats, planes, and trains. We use oil for almost everything, like heating, industry, manufacturing and for fuel.
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Most of what we import and export is transported by truck and other fuel burning vehicles. I am sure you see that if we do not have petroleum, our trade industry shuts down. The world’s oil supplies are not unending. You may be surprised to learn that the oil is running out. Its estimated that there are 2.6 trillion barrels left in the ground, but not all of it will be easy to get. When oil is being pumped, about half of it can be removed then the rest becomes more difficult and expensive. This halfway point is called the peak. Scientists think that the oil supply on earth will peak around 2030. After that, we will need to find other ways to run our planet.
