Home > Climate > Transportation > The World is Running out of Crude Oil

The World is Running out of Crude Oil

How do we keep this site running? This post may contain affiliate links — the cost is the same to you, but we get a referral fee. Compensation does not affect rankings. Thanks!

3 oil pumpjacks red sunsetThe reality of the situation is that crude oil is a fossil fuel, something that cannot be recreated or regenerated, and the world is rapidly running out of this so-called precious resource. Even the Middle East (Saudi Arabia), stockpiling some of the largest crude oil reserves in the world, will eventually run out. Because of its deep integration in our society, businesses and individuals depend on oil. Carmakers, airplane manufacturers and various manufacturing and processing facilities thrive on the profits generated by oil-based equipment. What these companies are failing to realize is that there’s not much left. United States oil production peaked in the early 1970’s, and we are now completely out of crude oil, depending on other nations for our oil imports. Because of its limited availability, crude oil is bound to run out everywhere sooner or later. And that time is closer than we think.

Crude oil raises economies up, then drops them for good

The oil boom raised the economies and lifestyles of nations ranging from Venezuela to Saudi Arabia. Sadly, the lifestyles, being solely dependent on a non-renewable resource, leave just as quickly as the resource arrived. The end result, however, is even worse – namely that the countries are left worse off than they were before the oil boom brought them a new infrastructure, better education and higher paying jobs. Once people adjust to this enhanced lifestyle it’s difficult to go back. Not only that, but society breaks down as a whole when the resource it has learned to depend on is now no longer available.

What will the world be like without oil?

Oil well sunsetWhat will happen when we suddenly are made aware of the truth – that oil is running out much faster than we’ve been made to believe? The fact is that if industry does not make adjustments in time, in the form of an alternative energy source, to compensate for the lack of oil in the near future – our lifestyles will change dramatically. Picture barely being able to afford a tank of gas – public transit gets a huge boost as only the super wealthy can afford to drive in their cars. And don’t even think about flying anywhere. Sound like a nightmare? Sound too far-fetched to be true?  Think about it – it’s in the oil-producing nations’ interest to make their people believe that the oil situation is not as dire as it seems. Economies, industry and capital markets depend on it. We’ve got a lot more to say on this topic and will be bringing you more articles in the coming days.

Transitioning to a World Without Oil

Ever wonder if we could go without oil? This Ted Talk by Rob Hopkins discusses a unique solution to life without oil.

Do we really need oil?

Oil pumpjack sunsetBut do we need to depend on oil? In 2013, the world went through an average of 90,354.27 gallons of oil per day. As ingrained as this natural resource is in our industry, there are plenty of renewable energy technologies based on wind power, solar energy, plants and more, that are ready to be used and advanced to the next level. Renewable energies are no longer thoughts of the future or mere speculation. They are here now and, if you know where to look, readily available. What’s more is that energy itself can be saved by adhering to a little common sense. Browse around the site, or explore our tips category, for advice on how to save energy.

What are your thoughts on the world running out of oil?

Alex loves nature and does his best to take care of the planet. He doesn't take for granted the serenity that can be found in the stillness of an ancient forest, or the majestic power of the ocean's large waves as they crash on an isolated island shoreline. He wants to raise awareness for how simple it can be to make a couple changes in your everyday life that can make a huge difference for the environment in the long term.

Leave a Reply

21 Comments on "The World is Running out of Crude Oil"

avatar
Sort by:   newest | oldest | most voted
Nir Dravid
Nir Dravid
Oil is the lifeblood of the modern world, and the combustion engine its indomitable heart. In 2009, oil wells around the world pumped an estimated 84 to 85 million barrels out of the Earth, and countries consumed just as much [source: EIA]. At this rate, how long can we go on pumping fossil fuels out of the ground without exhausting our supplies? Naturally, we can’t tap and drain an entire planet’s worth of oil from a single well. Countless oil wells pox Earth’s surface: some active, some long drained. Each oil well follows a production bell curve, with output rising,… Read more »
Beth Allen
Beth Allen

Can someone tell me why we are running out of crude oil?

Sadie Cornelius
Admin
Sadie Cornelius

Beth, because crude oil is a fossil fuel, non-renewable resource in limited supply. So once it’s all used up, it’s gone!

Anonymous
Anonymous
Is the world really running out of crude oil? This is an intriguing question. I found a number of different resources and sources of information. Some of the statistics did seem to show that at least production was not going to increase. However, I am not sure that an even level of production means that we are running out of crude oil. After all, Saudi Arabia is notorious for claiming that they have an extra 2 or 3 million barrels per day of production which could easily be brought online within a few weeks or a month or two. Finding… Read more »
Anonymous
Anonymous
Though this is an excellent article in many ways, I think that some more facts could be added. Just because oil production is down a bit from its highest point (which happened in the year 2005), this does not mean that the world is running out of crude. Now, I totally understand where the author is coming from. I believe that the point to be made here is the fact that with diminishing oil, the world simply must turn to renewable energy ideas and methods. The main point is therefore not about oil at all, but about how we need… Read more »
Anonymous
Anonymous
Certain areas of the world do look like they may be about to produce less oil. Again, I am not sure if this means they are running out. However, areas such as the North Sea do seem to be running out of easily accessible crude oil. Now, they do have a large amount of additional oil. The difference is that this will be more difficult and more expensive to access. Other areas may actually show an increase in the amount of accessible crude oil. This includes the USA. Yes, even the USA! In fact, the USA is likely to become… Read more »
Anonymous
Anonymous
I see the fading of oil as a natural resource as a good thing. I think what people have to realize is that businesses are very foresighted. Most strategic business decisions are made after very careful looks into both the future and the past. So companies are likely to anticipate all the problems with depleted oil supplies long before anyone else. They will start investing much more heavily in alternative sources of energy and methods of saving as much gasoline as possible (such as hybrid cars). They will begin marketing their findings to people to encourage them to buy products.… Read more »
Anonymous
Anonymous
What many people do not realize is that oil is a natural resource like most other resources that are mined out of the ground. And like other mining resources, there are only finite deposits of it around the world. This does not mean that all the oil we have now is the only oil in existence! On the contrary, just as new mines for gold and diamonds were discovered around the world when those markets were at their height, so new oil stores are found from time to time. There are suspicions of more oil deposits or wells hiding in… Read more »
Anonymous
Anonymous
What technologies could we use in order to replace oil? The solutions are myriad, and some of them have a lot of potential, but are still years away from any commercial development. However, most are solar based. I don’t mean actual solar panels, either. Solar panels are great inventions, but for now they have very low efficiency (the dream is 20 percent right now, under stringent scientific controls). However, most renewable energy sources depend on the sun in some way. Wind and water energy, two sources that have proven very useful in past years, are both powered by heat from… Read more »
Kathy Faust
Admin
Kathy Faust
I’m quite sure someone is going to have some foul names for me over this comment, but I’m beyond caring. The fact is I wish we would run out of crude oil. Seriously. Maybe then people would actually try to use something else. It seems that we only change when we are forced to and this is no exception. We keep complaining about using oil an the prices of oil, yet we keep buying it. So…what? We just sit around complaining for the rest of our lives? We keep feeding the oil companies money and they keep complaining because their… Read more »
Anonymous
Anonymous
This is an interesting article which is certainly designed to make one think about our current oil situation specifically and our energy situation generally. Of course, the USA is one of the biggest consumers of oil and energy in the world. However, I have read several places that this is actually starting to change. There is a huge increase in the number of people entering the middle class all over the world. This is especially true in places like India and China, which have huge populations who are now experiencing some real prosperity. It also occurs to me that as… Read more »
Anonymous
Anonymous
This article focused on some aspects of crude oil production and business. The author focused on some of the more negative aspects of this industry, including the fact that oil is a diminishing resource. The article continues by theorizing that all of the economies built by oil are in for a rough time in the very near future. Unless you were born yesterday, we all know that oil is a non renewable resource. It also only seems reasonable to believe that the world supply is running out. According to the author, this is true everywhere, even in the middle east.… Read more »
Anonymous
Anonymous

I suspect there’s going to be a lot of support for developing the only significant energy resource America still possesses.

Anonymous
Anonymous

I think from now on global warming and the environment will force people into accepting radical solutions to stop destroying this beautiful and rare planet. Keep up with the good work!!!

Anonymous
Anonymous

Alarmists!! We are not out of oil you just want everyone to freak out. Quit stirring things up! I am all for conservation, but I am getting tired of the radicals.

Anonymous
Anonymous

You are so stupid. Open your eyes.

Anonymous
Anonymous
Hey, this a response to “get real”: Well the thing is that yeah get real and face reality…oil is running out…wait you think that oil will last forever? It won’t and it’s running out….FAST!! The increasing demand for oil is going up year by year. With the factor of overpopulation played into that, oil is going to run out soon. Especially at the rate we’re using up the oil. So get real. Oil is going to run out. I feel that people should begin learning to live without oil right now. That way it will be easier to cope when… Read more »
Anonymous
Anonymous
Are you stupid? How long have we been out? Global warming!! For real? Now the fools are blaming the hard winter on global warming. Two years ago they were saying the mild winters were the proof. Make up your minds. I think the global warming is due to all the bullshit lies coming out your ass! I mean your fingers that typed this on your computer that was made from oil. I bet you don’t drive a car. I bet you don’t wipe your ass with paper cut from a tree with a gas engine saw. I bet you don’t… Read more »
Anonymous
Anonymous
Why is it that ignoramuses like you always make complete fools of yourself with your demeaning, uneducated rants? How is that going to help accomplish anything? Do you see the article calling oil companies and consumers ass faces? No – because what good does it do? And your argument is ridiculous – just because we live in an oil-based society with goods created from oil-based processes doesn’t mean we have to stay that way. On the contrary – it shows us how much work we have left to do to change – how our infrastructure is mired in old, environmentally… Read more »
Anonymous
Anonymous

Hey, surfed into your blog after doing some searches on Freecycle and I like it. Are you guys still posting? Saw the last post was over a month ago.

Cheers,

Ben

treehugger
treehugger

Hi Ben,

Yes, thanks for your support. We’re doing our best to write articles in our spare time. The environment is a huge priority, and we’re going to spend much of 2009 dedicating more resources to Earth’s Friends.

Stay tuned! 🙂

wpDiscuz

Send this to friend