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Essay / Research Paper Abstract
A 3 page paper. The writer begins with an explanation of what the peak oil theory is, including estimates for peak oil in different regions. Several alternative fuel sources are then identified with their advantages and disadvantages. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PGpkoi10.rtf
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Unformatted sample text from the term paper:
to the oil we can find, this theory would further suggest devastation if alternatives are not found (Savinara 2008; The Coming Global Oil Crisis 2003). One conservative estimate is that
oil production will decline by 3 percent per year after the peak is reached (Savinara 2008). Others estimate the decline at 8 percent per year (Savinara 2008). There is a
twist. According to Dr. M. King Hubbert who proposed this theory in the 1950s, when the peak is reached, it will mean that "half of all recoverable oil that every
existed on our planet" will have been used up (The Coming Global Oil Crisis 2003). Said another way, half of the total amount of oil forever will have been used
when the peak is reached. Production will decline and eventually, all oil will be used up with no more available ever. There are some problems in terms of discovering or
knowing when the peak has been reached. Some scientists like Dr. Campbell of Petroconsultants in Geneva, suggests the peak was reached in 1999 (The Coming Global Oil Crisis 2003). This
organization also points out that the recovery of oil has already peaked in some places in the United States, in 1999 in Great Britain, and in Canada in about 2000
(The Coming Global Oil Crisis 2003). Some Middle Eastern countries said their oil peaked in 1970, which allowed OPEC to create an oil crisis in the early 1970s (The Coming
Global Oil Crisis 2003). Others suggested that the world oil production peak was in 2009 (Savinara 2008). Abu Dhabi, Saudi Arabia, Iraq, and Kuwait are not expected to peak
for another thirty years, at least (The Coming Global Oil Crisis 2003). Another wrinkle in the Peak Oil theory is that it does not necessarily mean there will be no
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