Due: 5/23/14 Peak Oil I. Introduction In ancient times Babylonians used oil as mortar, Native Americans used oil as a topical medicine, and, before electricity, oil was used to create light. Mankind has been dependant on oil as a resource for generations. It has influenced growth, warfare, and technological advancement, but what if mankind were to run out (Alois)? The possibility of this eventuality was first vocalized by M. King Hubbert who introduced the notion of “peak oil.” When
we drive, the electricity we use need oil in order to be delivered, to operate and to be produced. Oil can have negative effects on economy as well, because oil can lead to unpredictable situations such as the decreases of oil prices recently or the peak oil crisis in July 2008. Therefore, I strongly agree that we should not heavily rely on oil as the primary energy resource. On the one hand, oil is the cause that leads to many economic and political problems. Firstly, The United States is the country