In the recent article "How long will the world's oil last" by John W. Schoen, Americans and the world are being put on notice in regards to the world's vastly declining oil reserves and there almost certain negative impact on societial issues. America reached its crude oil production capacity in 1970. Now people such as Princeton University geologist Kenneth Deffeyes are claiming that the world has only until November 2005 before it too reaches its crude oil production capacities. Still some individual's such as Morry Adelman, an MIT economics professor, contend that " there is plenty of oil around as long consumers are willing to pay the price to produce it". Basically, whether we as a society are willing to face the facts or not, the world's supply of oil is not keeping up with demand anymore.
Oil is a vital part of our economy. Some would argue the most vital part of our economy. I believe we must either open up to the idea of drilling in places that up to this point have been off limits or speed up the exploration of other alternatives that will likely take the place of crude oil when it runs out. Geologists claim that half of the world's oil reserves have been depleted. Some three trillion barrels will have eventually been removed from the earth. Americans presently consume 25% of the world's oil usage per day: some 20 million gallons. There are websites like dieoff.com that believe the world will become anarchist and return to Stone Age like conditions when the oil dries up. The one thing people are agreeing on is that neither Bush or Kerry are going to be debating this issue in the upcoming Presidential debates. The reason: there are no simple answers and neither candidate wants to break the bad news to the American public. We, as the American public, cannot ignore this problem because it will not simply go away. Any suggestions?