[Fossil fuels are expected to continue supplying much of the energy used worldwide. Although liquid

The oil and gas business is highly competitive in the exploration for and acquisitions of reserves, the acquisition of oil and gas leases, equipment and personnel required to find and produce reserves, and in the gathering and marketing of oil, gas, and natural gas liquids. The competitors include national oil companies, major integrated oil and gas companies, other independent oil and gas companies, and participants in other industries supplying energy and fuel to industrial, commercial, and individual consumers.

The U.S obtains more than 84% of its energy from fossil fuels including oil, coal and natural gas. This is because people rely on it to heat their homes, power industries, run vehicles, manufacturing, and provision of electricity. It is apparent that the country’s transportation industry highly depends on conventional petroleum oil, which is responsible for global warming, thus threatening economic opulence and national security. Apart from that, increasing consumption of fossil fuels have elevated health problems in the state, destroyed wild places, and polluted the environment. After conducting Environmental Impact Assessment, projections showed that the world energy consumption would increase by more than 56% between 2010 and 2040. However, fossil fuels will cater for more than 80% of the total energy used in 2040. Sadly, it will be a trajectory to alter the world’s climate, as well as, weaken the global security environment. Importantly, the rate at which the US relies on fossil fuels needs to reduce since it has adverse effects on the planet’s supplies. The society needs to realize that fossil fuels are nonrenewable, thus taking millions of years to form (Huebner, 2003). Notably, the country can reduce dependency on fossil fuels by practicing energy conservation and efficiency,

Competition in the oil industry is separated by about 10 cents here in the US. The difference between ARCCO, Shell, Mobil, and Chevron, is between 1 and 10 cents. Oil companies don’t compete with each other. With gas prices constantly fluctuating towards the $3 mark, there is little room to raise prices. Consumers will not pay 25 cents more for a gallon of gas. Although Chevron Texaco and ExxonMobil make have a slight difference in price at the pump, the will not try to do anything to rock the boat.

Now we mostly use fossil fuels and natural gas to produce energy. But these sources are running out. To save our planet we should use a new class of renewable energy sources, like wind turbines, solar panels, biofuels and hydrogen. Because our need for power is constantly increasing in the future we will have to produce more energy, which is associated, among other things, with greater emissions of CO2 and further pollution of the environment and global warming. Most likely oil is going to be the first one that’s not going to be sufficient enough to satisfy our needs in the future. To transition to alternative sources of energy would require a rapid expansion of those sources. Now alternative sources of energy playing a small percent of the world’s energy. To transition we would have to triple or quadruple that percentage.

The United States relies heavily on fossil fuels as its main source of energy and with the limited supply, we 'll have to develop and utilize alternative sources for clean, renewable, cheap and effective energy to power this country and the world into the future. It will be important for the health of our planet to utilize renewable resources that have no greenhouse gas emission. Out of necessity the world will eventually need to stop using fossil fuels for energy.

The OPEC nations showed the world that their huge crude reserves could be wielded as a political and

Modern society will remain dependent on crude oil, even with the development of alternative forms of energy. Oil consumption is vital because many heavy machineries, factories, ships, aircrafts, and automobiles are reliant on crude oil. It is true that efforts are being made (especially within the U.S.) to develop and employ other forms of energy, but, I think that sustainability of such efforts would be a major drawback.

The United States uses fossil fuels for 81 percent of its the total energy. It is estimated that the world will use all of the fossil fuels sometime in the next 50-100 years. Either we need to find a way of slowing down the use of fossil fuels or we need to convert to a new source of energy. Renewable energy is the most viable option because we cannot run out of renewable energy. The convergence of Las Vegas and Google are examples of why, as a country, we need to use more renewable energy.

In 2014 the Organization of Petroleum Exporting Countries, or OPEC decided to lower the oil price. The reason the OPEC nations decided to overproduce and flood the market was to strangle the oil industry of the United States. This low price would force the oil businesses to lower their prices to compete and therefore income would be reduced. The OPEC nations would have a majority of control over the oil market if the US oil industry fades or is driven out of business. The OPEC nations, whose primary income is from petroleum, are fighting for more income from the US based

All these global policies and strategies not only include OPEC, but other countries such as the United States of America, who is the third world oil producer. This has changed many times throughout the history, as shown by Tabak & Cajueiro who stated “Due to the limited production of crude oil in the United States in 1971, the power of control of crude oil was shifted from USA to OPEC” (30). This gives us a hint about who the “players” are that were mentioned above. This is referring to USA and OPEC (led by Saudi Arabia). In this “battle”, these two countries determine who leads the oil market and control the oil prices.

The world around us mostly runs on fossil fuels in order to produce electricity; however, there will be a period that comes where we will run out of those fossil fuels. We only have so much time before a crisis hits and we have nothing left to produce the energy we need. In order for our country to produce the energy and electricity we need, we must do something about it. As a country, we must figure out how we can make the switch to using more renewable energy before it is too late and we run out of fossil fuels.

First of all, “the end of conventional oil has been predicted to arrive in just over 50 years, according to the BP oil report (Tully).” Although, the exact years will be different in practice as the development in conventional oil, the end of conventional oil is still close and it will be unacceptable for that day. As a result, it is emergent to do research of alternative fuels and renewable energy sources in a significant field, but this is not enough. It becomes widely used to reduce the use of conventional fuels for electricity and generate with alternate energy from solar and wind resources and other renewable energy. Another example is hybrid cars in natural gas and electric is becoming more common. Scientists gain some process in postpone the inevitable trend even though human race have a bad habit called overindulgence, which require luxury and comfort lifestyle even though the planet cannot afford the large demand. “The demand for oil has been on the rise for several years now, according to the US Energy Information

Since the advent of the internal combustion engine nearly two centuries ago, humans have become increasingly reliant on fuel to power these engines. Our only method, historically, for obtaining this fuel is to probe the earth and oceans until crude oil is struck. Crude oil is termed a fossil fuel as it takes hundreds of millions of years to form. Crude oil is extracted from a geological reservoir and subsequently refined into the various fuels which we use at ever increasing rates (petroleum, diesel, aviation fuel etc). Unfortunately we are not finding new oil deposits at anything like the rates we are consuming, so logically we will eventually run out. Many of the alternate energy sources currently available (electric engines, fuel cells and ethanol) have low energy density and do not scale well to larger vehicles like aeroplanes and trucks. Therefore finding new renewable sources of energy to power our current and future devices is paramount to our continuation as a successful species.

below, there are only 53.3 years before we run out of fossil fuels. Therefore, alternative fuels plays a big role

Concern over the end of nonrenewable resources has increasingly grown in the population over the recent decades. Hydrocarbons, specifically oil and gas, are being depleted rapidly. According to imeche.org, only 1.3 trillion barrels of attainable oil remain. At the current rates of consumption, that equivocates to around 2055 when oil should just about be depleted. (imeche.org, 2014) Recent advances in oilfield technology continue to push back the date of annihilation of these resources, but eventually there will be some point in time in which our oil and gas reserves become extinct. At whatever time that happens, society must be prepared to use alternatives methods to reach our energy demands. Because of this inevitable