And what are they doing in terms of sustainable decisions? Sustainability and crude oil have been two terms that have been associated for quite a long time. It starts when humans first figured out that a fossil fuel and an engine would create the industrial revolution, “the introduction of water power and steam into factories greatly increased the size and output of industries” (Clarke, et al., 2006) and from then we had decided that we needed stuff……more and more stuff. The more we needed stuff the more the consumption of oil was from then to now; for the creation of toys, cars, electricity, airplanes, and alike. This massive consumption of oil led us to now a major issue concerning oil industries called peak oil. Peak oil is “the point in time when the maximum rate of crude oil extraction is reached, after which the rate of extraction is expected to begin to decline…forever.” (http://peakoilbarrel.com/) Meaning that it is when oil will be extinct, and there will be a limited amount left for the present and definitely nothing for the future. This theory shows us that the demand for oil will continue to rise because of the constant use though the question is that, is the supply that is being produced now, enough to fulfill the demand of the people through cost and availability onwards. If this oil that is essential for us taken away then we are up for a lot of challenges, no oil would mean a big change for us, everything would most likely become a challenge and getting from place to place would be one of the biggest. We humans use crude oil as part of our life so often that we even forget how much we use crude oil for many different purposes in everyday life. If we continue with this lifestyle than for sure peak oil is heading our way and that too very quickly. That is why we are firstly going to examine the components and
And what are they doing in terms of sustainable decisions? Sustainability and crude oil have been two terms that have been associated for quite a long time. It starts when humans first figured out that a fossil fuel and an engine would create the industrial revolution, “the introduction of water power and steam into factories greatly increased the size and output of industries” (Clarke, et al., 2006) and from then we had decided that we needed stuff……more and more stuff. The more we needed stuff the more the consumption of oil was from then to now; for the creation of toys, cars, electricity, airplanes, and alike. This massive consumption of oil led us to now a major issue concerning oil industries called peak oil. Peak oil is “the point in time when the maximum rate of crude oil extraction is reached, after which the rate of extraction is expected to begin to decline…forever.” (http://peakoilbarrel.com/) Meaning that it is when oil will be extinct, and there will be a limited amount left for the present and definitely nothing for the future. This theory shows us that the demand for oil will continue to rise because of the constant use though the question is that, is the supply that is being produced now, enough to fulfill the demand of the people through cost and availability onwards. If this oil that is essential for us taken away then we are up for a lot of challenges, no oil would mean a big change for us, everything would most likely become a challenge and getting from place to place would be one of the biggest. We humans use crude oil as part of our life so often that we even forget how much we use crude oil for many different purposes in everyday life. If we continue with this lifestyle than for sure peak oil is heading our way and that too very quickly. That is why we are firstly going to examine the components and