The Negative Effects Of Oil Production

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Everyday throughout the world, millions of people depend on oil as their main source of energy for transportation, heating, lighting, etc. Oil is very vital to our world since it is used to power multiple necessities, but unfortunately many believe the myth that within the next century our total supply of oil will become bone dry. This is a main concern not only because we don’t have any other affordable substitute for energy, but also economies thrive off oil production and trade in order to fuel money. Although oil may be seen as a positive externality, we are often blinded by the dangers of oil production to the environment and over time, our pockets. Oil can damage, water, plants, animals, and even the air without anyone even realizing it. In rare cases, oil can also be harmful to our health and sometimes cause violent outbreaks and war between countries. Oil is a great resource of energy and billions of barrels of oil are used daily throughout the world. Many believe the myth that the earth is limited on its production of oil and that we will be left with no oil within the next few decades. However, there is no way for oil to just “run out” because oil reserves are constantly being found across the earth and over a very long period of time, oil reproduces and multiplies. The amount of oil produced in the active oil reserves throughout the earth is only a fraction of the total amount of oil contained within earth. Although there are billions and billions of barrels of oil under earths surface does not mean that all of this oil is accessible to us. It would take hard labor and billions of dollars to pinpoint more oil under the surface in order to make and drill more oil reserves. There will come a point where we are limited on oil which is when the oil prices will go up to a point where not everyone will be able to afford it. During

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