Explain why many believe that there will be a social and economic crisis caused by a peak in oil production. What are the options for replacing oil use for transport and agriculture and how likely are these alternatives to solve the problem?
The constant change of environment and the need for awareness
The environmental issue is the problem that is generally performed in the ecosystem due to the result of mistreatment or the human interference in the ecosystem of the planet. In other words, it can be seen that then human activity in their development process is the biggest reason for the environmental issue. The world is facing some of the biggest issue and for that it cause numerous social as well as economic crisis and one problem is peak in oil production. The primary purpose of the paper is to analyse the environmental issue and also understand its impact on the society. The paper will also discuss the effect and the solution that could be utilised for reducing the threat of global warming and another environmental issue in the world.
The environment is in the position of constant change and for that, it becomes essential for the people to be more concern regarding the various issues or the problem that is associated with the change (Trainer, 2017). The change took place within the world with the help of a massive influx of the natural disaster than the warming as well as the cooling period then the different type of the weather pattern. It is essential for the people that they need to be aware of the numerous environmental problem in the world. It can be seen that the world is composed by the edge of the unembellished environmental crisis (Lever-Tracy, 2010). With the change in the world and also the implementation of various technology have provided a huge impact on the environment. One of the biggest problems that are being faced by the world is peak in oil production. Peak oil is the phase where the maximum rate of the extraction of oil or petroleum is generally reached where after this position it is generally expected to enter the terminal decline. It can be understood from the various facts that the peak oil is the phase where the global oil production peaks as well as can only go downwards.
There was the series of numerous energy crisis between the period of 1967 as well as 1979 which is the major problem that is being caused by the Middle East regarding the oil production within the field (García-Olivares, and Ballabrera-Poy, 2015). The peak in oil provides the increment in the demand as well as supply of the oil within the world. It can be seen that the world oil demand for the year 2025 is being estimated for 50%. It can be seen that this is one of the scariest statistics which is provided that the peak in the supply is generally predicted by the most of the experts. The effect of the peak oil have the massive consequences for the society as well as the economic factor of the world. The issue would definitely arise if the alternative for the peak oil or the oil production is being achieved (Kilian, and Murphy, 2014). The explosion of overpopulation in the less developed and the developing countries are already facing the scarcity of resources. The primary effect of the peak oil within the field is the price of fuel in the world. It can be seen that the oil scarcity in the world is likely to increase the oil price along with the economic loss to the country on the billions or the trillion-dollar-scale.
Peak in oil production and its impact on society and the economy
The food price within the world is closely connected with the price of the oil or fuel. This is due to the fact that as the shipping cost rise up the price of the food also rise up. It can be seen that this effect could be worsened that could be due to the demand factor of ethanol. From the various studies it can be seen that from the year 2005 February till the year 2008 February the entirely food price globally have increased to almost 83% (Chapman, 2014). Moreover, it can be also seen that the increased biofuel production within the country has the huge contribution for the rise within the food price of the entire world. Another effect it could be urban migration that is directly impacted by the hit of the peak oil. In this the transportation cost both the individual commuters as well as the city transit needs to be performed effectively for maintaining the social as well as the economic value (Homer-Dixon et al., 2015). The peak in the oil production create huge disturbance within the demand and supply of oil and all products that are associated with the price of fuel in the world. This is the major concept where the entire value of the peak oil need to maintain.
The peak oil has been in the silent mode for the sometime because the people of all over the world was surprised due to the unconventional oil production that spike within US (Urry, 2015). It also provides the slower than the estimated decline within the oil production level in the world. It can be seen that US in the recent years have achieved the enormous increase within the oil production. Due to this increment in US oil production it can be seen that the economic condition of the country regarding the oil production have almost reach Saudi Arabia as well as Russia (Baumeister, and Kilian, 2016). The oil production directly create impact on the working function and the effective view on social activity which create huge impact on the development of products. The permanently falling of the oil price also have a high impact on the economic condition of the world and for that various impact is being created within the field. Peak oil is directly associated with the financial crisis and the oil price within the field (Tessum, Hill, and Marshall, 2014). It can be seen that the equity markets are generally falling and also the oil price of the world is playing with the value of 100 dollar a barrel that also for the very first time in February 2011.
The effect of peak oil on food prices and urban migration
The environmental issue has an impact on the society as this creates an imbalance in the ecosystem. The well-being of the society is eventually associated with the quality of the environment. The environmental issue is considered to be the consequences of human activity on the natural environment. It can be seen that environmental issue have a huge impact on the health condition of the human being and the society (Cowtan, and Way, 2014). The alternative for the use of oil in the transportation as well as in the agricultural work is highly effective to maintain working function. One of the alternative of oil for transportation is the electric vehicle. This is one of the best and the most effective way which help to control the population as well as the oil production level within the world. Electric cars are generally run on batteries as well as the hydrogen powered fuel (Bicer, and Dincer, 2018). It is one of the best way that could be utilised for maintaining the peak in the oil production within the world. This would effectively reduce the demand and supply of petroleum and fuel in the world to maintain the environmental condition in the most effective way.
Alternative to the fuel that is used by the transportation and the agricultural field to perform various activity within the world are the biodiesel, then the bio-alcohol, hydrogen then the vegetable oil, propane as well as the other biomass resources (Loorbach et al., 2016). It is one of the most effective and valuable working function within the country to maintain various process for the transportation as well as the agriculture within the country. The biofuel is the renewable source which is mostly utilised to generate electricity but in some of the cases it is also used as the alternative fuel for transportation (Penna, and Geels, 2015). It is one of the best way to perform numerous activity within the field also help to maintain the oil production level within the world. Another alternative to the fuel is the biomass that is generally utilised as the form of fuel. It can be seen that this has become quite popular among the coal power station which generally switch from the coal to the biomass (Sharma, and Ghoshal, 2015). This is eventually used for the conversation of renewable energy without the wastage of generation for the plant along with the infrastructure. This is one of the best energy source which could be utilised for the production of heat for transportation and also for the agricultural area.
The recent spike in unconventional oil production in the US
All the causes due to environmental issue create huge impact and effect on the earth. The other alternative of the fuel is the algae-based biofuel is the potential to the crude oil that is being based for the transportation problem in the world. It can be seen that algae-based biofuel yield more than 2000 gallons of the fuel that also per acre for per year (Farley, and Voinov, 2016). This is one of the process where the biofuel can effectively provide the valuable transportation and equivalent working function within the field. This is one of the best alternative for the oil production within the world to maintain the social and economic crisis that is caused due to peak oil in the world. It can be seen that this effectively create issue within the firm to perform their working function in the most valuable way (Hileman, and Stratton, 2014). Another alternative of the fuel is the biodiesel that is being made from the animal fats as well as the vegetable oils and also other natural resources. This is highly effective for providing the best alternative for the fuel within the world and for that biodiesel effectively allow them to maintain the oil production and the business process within the field.
The environmental issue with the passing years is getting even stronger than ever. The impact of the environmental issue can be effectively managed with the help of human contribution. It is the most essential fact that people have to be more concern regarding the environmental issue and the problem that is facing due to the various factors (Rosenzweig et al., 2014). Some of the small and vital steps could help the people to maintain the environment and also the development of various factor within the world. It is essential for the people to reduce the use of the personal vehicle as this will effectively reduce the emission of carbon dioxide in the air and will also maintain the pollution level. People could effectively use the process of an electric vehicle or the cycle or walking for their transportation as this is one step closer to the fight with global warming (Crutzen, Mosier, Smith, and Winiwarter, 2016). This is one of the best way to reduce the fuel usage within the world and also to maintain the society as well as economic condition of the country from oil production variation.
The alternative fuel or the process allow the people to maintain their natural resources and also the demand as well as the supply factor of oil production. Like it can be seen that electric vehicle is quite helpful for reducing the oil effect within the country. As this is highly useful for the process of transportation where people can effectively use the electric car (Bailey, 2018). There are further more effective way for the people to get the alternative of fuel and provide the best environmental enhancement within the field. It can be seen from the facts that electric vehicle as well as the alternative of fuel allow to reduce the carbon emission that is formed due to oil and the petroleum which is utilised within the various industries and the vehicles (Chen, Huang, Khanna, and Önal, 2014). It is highly effective for maintaining the environment and the business process within the field to develop the business function within the world. The entire process of using electric car or the use of bicycle can provide numerous activity to maintain the environmental activity within the world. The alternatives are highly effective to maintain the function and provide numerous activity for maintaining the social as well as economic condition of the world.
Being the consumer it is highly essential for the people to get products that do not harm the environment to protect biodiversity. The alternative fuels have the most valuable and effective way to maintain the environmental issue that provides valuable concern to the society and the economic condition. Sustainability is one of the best ways to maintain the environmental issue on earth and also to provide the safe and secure place for people to live (Trenberth et al., 2014). The solution for the environmental issue cannot be performed by a single person, for this, the contribution of all the people are required and everyone need have to understand the issue that is being created due to the fuel use in numerous vehicles and in industries. In the process of environmental protection act, the most useful way is to perform recycle for various products (Watts et al., 2015). This help to reduce the waste from the Earth and protect it from the various environmental issues. Using bicycle as well as walking for short distance transportation allow the world to maintain their activity in the field and also help to develop various sustainability in the world. It is highly effective for maintaining the fuel production and usage within the world.
The paper eventually concludes the fact that environmental issue has become the most serious concern for the world. It is highly effective that people need to maintain their activity for controlling the fuel production and also the environmental issues. Moreover, it is also evaluated that environmental issue has the huge impact on the society regarding human health. The problem is also creating global warming which is the biggest threat to the society. The fact is clear that people have more concern regarding the use of sustainable products and fuel regarding their transportation and the usage in the world where fuel is the biggest reason for environmental destruction.