Review Of Environmental Impacts Of The Biofuel Industry

In terms of oil dependence, most of the general public believes that the world has enough oil to support us for the next hundred years; in truth we are rapidly depleting our petroleum sources due to the increasing population and demand. In fact, as was initially theorized by the Hubbert Peak Theory in 1950, Earth peaked in oil supplies in 1973 and the largest oil resources that have been discovered since then have been in Venezuela and Saudi Arabia. Here it must be

It is estimated that 1.3 trillion barrels of oil reserve is left in the world’s major fields (Institution of Mechanical Engineers 2015). At present rates of consumption this will be enough oil to last approximately 40 years. By 2040, it is intended for production levels may be down to 15 million barrels per day which is approximately 20% of the amount of oil which is currently being consumed (Institution of Mechanical Engineers 2015). It is likely by the year 2040 that the world’s population will be twice as large (United States Census Bureau 2015). Additionally, it is likely that more of the world will be industrialized and therefore more dependent upon oil.

Initial research has shown that biodiesel, liter for liter, generates about 90 percent of the heat of traditional fossil fuels, and the resulting air emissions are significantly lower in sulphur, carbon monoxide, and hydrocarbons. Burning these fuels also does not contribute to global warming. Fossil fuels increase the amount of carbon in the atmosphere because the carbon they release upon combustion has been locked away for millennia. The carbon released by the combustion of biodiesel first had to be removed from the atmosphere by the plant that produced the oils it was derived from. Thus, no net gain occurs when said carbon is released. Biodiesel is also safer for people and the environment since it is non-toxic and biodegradable. Oil spills will no longer be multi-million dollar environmental catastrophes.

Australian market has an environmental opportunity of growing a local, waste-fed biofuels market, which would help them overcome the shock of fluctuations of oil prices and fossil fuel availability.

Being such a necessary and overused resource makes it a hotly contested subject and global issue. The United States is one of the biggest importers and users of oil in the world, which makes our need of it a major influence on several global markets. Our heavy reliance on dirty fuels, as well as every other industrialized country in the world, will lead to massive effects on the climate of our Earth. This in addition, has led to violence and war, particularly in the Middle East, over the ownership and distribution of oil and other energy resources, which in the end only serves to profit big oil industries. This problem will not stop or slow down, as the demand for energy will only increase as the world’s population and global economy continues to expand. For mainly these reasons, which will be handled more in-depth throughout this paper, the need for clean alternative energy is paramount and must be addressed within the foreseeable future should we otherwise suffer the consequences.

For over forty years now, scientists and researchers have been tirelessly searching for an alternative to fossil fuels. Biofuels have become an interesting contender in the search for the replacement of the non-renewable energy source. Biofuels have been used throughout history for over thousands of years. There is a large debate over biofuels and its true impact on the environment. Those involved in the discussion debating whether biofuels have any real overwhelming benefits compared to fossil fuels could argue for its usage. According to recent research performed by the University of Michigan, biofuels may not be the best alternative for fossil fuels. Regardless of its impact on the environment, biofuels are becoming more popular particularly when the price of oil rises.

The first section sets the foundation for Roberts’ discussion by discussing the current environment surrounding the oil business. According to Roberts, energy is related to flourishing and decline of the human race. Only when a community has the ability to provide enough energy to meet the demand of the population can that community thrive (Roberts 2004). Roberts argues this correlation explains how and why the international community has become dependent on oil. The second section discusses the present situation and introduces what Roberts calls the energy order, which is a term that describes a social hierarchical ranking of countries based off of their energy consumption, their ability to produce or access to oil. The third and final part combines the discussion of parts one and two in relation to the future. Roberts argues that the current model with currently have is not working and offers a discussion on transitioning to a new model with less demand for oil. In order for this to occur, the United States, which consumes the most energy annually and has enough political and economic influence, must lead the way (Roberts

Since energy is outfit to do work is generally discharged as warmth, sound, light, or other hopeless structures, people should continually renew our energy source to keep our machines running. The time of uncommon development beginning with the mechanical upheaval was just made conceivable by tapping the planet's tremendous stores of energy. This framework is naturally unsustainable on the grounds that we devour fills far quicker than the planet can recharge them. In the previous decade or somewhere in the vicinity there has been any genuine talk of coming to top creation of these energy sources. Since the extraction of these fills itself requires fuel, the profits must be more noteworthy than the measure of energy contributed. As oil wells achieve their crest, oil no more openly gushes out of the ground. It turns out to be progressively troublesome and costly to draw to the

The growing oil scarcity in the early 21st Century and its possible implications on the global economy, including economic growth, inflation, food security and poverty, is a subject that has been widely well known and discussed by a plethora of scientists and economists. Peak oil, a term coined by M. King Hubbert in 1965, is generally defined as “the time in our history when world oil production will reach its all-time peak and begin to incline forever”(Hirsch et al., 2005). By their finite nature, there is no argument over whether fossil fuels – oil, gas and coal – will go scarce, but rather when this will occur, whether alternative energy supplies will meet the ever-increasing demand, and how best to oversee such a transition. The failure to do so could result in a profound word-wide economic crisis leading to lower economic standards in developed and developing countries alike. Cuba, one of the only countries that has faced such a crisis yet, is an example of options and hope.

The U.S. Energy Information Administration (2015) reports that the United States consumed approximately 19.4 million barrels of petroleum products daily, which calculated to an overall total of 7.08 billion barrels by the end of 2015 (para. 2). The United States population consumes a huge quantity of oil alone, in addition to all of the other fossil fuels that it also greatly depends on. Fossil fuels are a natural resource that is in limited supply, and they provide an efficient and consistent supply of power to communities all over the planet. Many people are pleased with the short-term advantages these

The most of global energy production produces from fossil fuel such as coal, oil and natural gas. The vast fossil fuels generate energy which use for many purposes for instant residential, transportation and industrial sectors. While the rate consumption of fossil fuel higher than their formation leads to oil price crisis. Another concern of fossil fuel combustion is the impact on the environment. Global warming is a significant problem which results in increasing concentrations of greenhouse gas in the atmosphere. These problems drive researchers and societies to search alternative energy such as switching to renewable energy or carbon-free energy to replace fossil fuels. For example Nakata et al., (2011:465) show ‘low-carbon society’

Peak oil is described as the point in time when the maximum rate of petroleum extraction is reached, and at this point we assist to a diminution of the resource. Oil is one of the world 's most vital resource, we use it in every aspect of our daily lives, we use it for electricity, gasoline and even drugs. The disappearance of this resource can lead to a major global disaster. In an attempt to identify the potential impact of such a disaster and find alternatives energetic resources, a cloud of researchers started to focus their research around this topic. While the first researches made on peak oil where mostly focused on its plausibility, nowadays researches concentrate on determining the exact period of occurrence, as well as the economic and political impact of this event.

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.

Oil is the world economy’s most important source of energy and is therefore critical to economic growth. At its most basic level, the supply of crude oil is determined by the ability of oil companies to extract reserves from the ground and distribute them around the world. Its value is driven by demand for refined petroleum products, particularly in the transportation sector. Petroleum products power virtually all motor vehicles, aircraft, marine vessels, and trains around the globe. In total, products derived from oil, such as motor gasoline, jet fuel, diesel fuel, and heating oil, supply 33% of all the energy consumed by households, businesses,

Consumption energy since the 1950s has been in a progressive upsurge in the world. Fossil fuels like oil, natural gases, and coal nevertheless has the aggregate of 80% of the world’s energy consumption despite the fact that there’s has a diminution in some renewable energy resources, cons considering the number of inventions and creativities. In the late 2000s, the speed growth in price of crude oil is a result of increase in demand of oil and gas. Virtually 80% of fossil fuel consumed are oil and gas making their production the main importance to the stability of world’s energy supply