A Crude Awakening- The Oil Crash

A Crude Awakening - The Oil crash

This paper will explore the reasons for why the Oil Crash is a social problem and try to come up with solutions as to what we can do in order to keep our civilization going the way it is, keep the stability of the economy and sustain the natural environment. Sustainability means that we should be able to meet the demands of our current lifestyle and live an adequate life while also allowing the future generation to do so in their time without compromising them (Oskamp, p.496). There are many ways in which the society can get affected if it crashes from the oil crash. Increased unemployment, poverty, bankruptcy are all things that occur when society collapses (Savinar, 2006). The problem here right now is that not 1 out of 100 people know of the problem we are facing and if we wait until peak oil to come before we start looking for any solutions, there will be very serious economic consequences (Bartlett, 2006). Through this paper, I will be first pointing out all the facts of what problems will arise once we’ve reached peak oil and used up most of it. Then the second part of this paper will try to focus on what solutions we can come up with to prevent this and sustain our current lifestyles.

Peak oil will only last for a few more years and will soon decline faster and faster to a point where we will have no more oil left in the following years to come (Campbell, 2006). As Campbell has stated, the bulk of oil was only made in 2 brief time periods of the earth’s history and these times were 90-100 million years ago. He has also stated that from those time periods, we are now using up all the oil we’ve discovered in about 1-2 centuries which are only a fraction of the time it took to even create th...

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