Decline Of Oil Industry And How Humanity Has Become So...

This report focuses on the decline of the oil industry and how humanity has become so reliant on it. It discusses how we as a society have come this far to rely on oil, what our world will be after peak oil, and what we can to do prevent peak oil or reduce the impact of peak oil. Since oil was discovered, it was clear just how useful it could be. Every component in crude oil was found to be useful in one form or another by processes such as distillation and catalytic cracking. After realizing that the world supply of oil is not endless, society did not make efforts to stop the reliance on oil, but instead invest more money into it. Now, we are closer than ever to running out of our oil supply, yet we are still putting money towards†¦show more content†¦Though there are arguments as to when this depletion in oil will begin, it is undeniable that the lack of oil will cause tremendous problems to today’s society. In order to avoid the sudden drop in production, we must make moves to prepare ourselves and incorporate new and different technology to replace all that we use oil products for. History For as long as most people can remember, oil has been depended on. Though oil has been used for thousands of years, it has only been popularized in the last couple centuries. Oil began as living organisms living in the ocean many years ago. These organisms absorbed sunlight and stored carbon, upon dying, they sunk to the bottom of the ocean to be buried underneath layers of sediment and other organisms. Due to the amount of heat and pressure from the bottom of the ocean, either natural gas or petroleum is formed. (Shah) Beginning of Oil The first oil drilling was in 1859 in Pennsylvania by the Pennsylvania Rock Oil Company of Connecticut. J.D. Rockefeller became interested and knew that the industry was soon to be big and, he