The World is Running out of Crude Oil

The 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…