Cause and effect of oil rarity in the world

Technology and Energy
Cause and effect of oil rarity in the world

Donvea Thompson

As we all know, the prices of natural gas and oil has risen considerably since just a few years ago when the price of a gallon of gas rarely reached a dollar amount. However, due to the increasing unavailability of oil, conflicts continue to arise on all sides of the planet as each country tries to gather their own portion of a drastically declining marketable substance. Some economical enthusiasts say that this “snatch and grab” of sorts will throw the socioeconomic status of nations as we know it into a dramatic chaos.
However, others say that this shortage of natural oil and gas will consequently cause a spurt of new technological advances that will substitute the more common form of fuel that we use today. David Goodstein a professor of physics and vice provost of the California Institute of Technology, one of the nation's headiest institutions says that civilization as we know it will come to an end sometime in this century unless we can find a way to live without fossil fuels. In his just-released book, Out of Gas: The End of the Age of Oil, published by W. W. Norton & Company, Goodstein argues forcefully that the worldwide production of oil will peak soon, possibly within this decade. He also says that so far as the advances are concerned, we have no time to waste. The race for alternative sources of energy is already under way with the invention of alternatively-fueled automobiles, houses, and various modes of transportation and mechanical devices.