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E-mail tmackenziecvapvtk12meusIn this paper I will touch on topics of oil prices the demise and growth of oil companies large and small and international oil regulators natural oil deposits and their locations and life expectancy and the future of the oil industry and all it effects I have chosen to write on this topic because of personal interest in the worlds biggest resource oil In past years I have thought of how the modern world revolves around certain elements and ideas one of these is oil I wanted to try to get answers to questions I have had about How long can we keep extracting oil from the Earth and How will people overcome a worldwide complete oil scarcity When I try to answer these questions to myself I get frustrated because there are so many variables that contribute to answer such questions that it boggles my mind So I have an opportunity to learn or partially learn the answers in researching this broad topic of the oil industry My connection to this topic is just like any other average American I use oil in some way shape or form every day whether I am driving my car heating my house or typing a research paper I am directly or indirectly using oil I am affected by oil in countless ways by means of which are mostly out of my control For instance companies who use oil to make products that burn holes in the Ozone layer or that fuel air polluting combustion engines can effect the climate and health of our planet in the long run What I do know about the oil on our planet is that we are using it all up at alarming rates Since 1859 when Colonel Drake dug the first oil well we have been steadily using up the oil hidden below the earths crust If substantial solutions to the future oil crisis are not complete there will be
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