Question

Previously in this lesson it was mentioned that, according to some reports, in the past 35 years, world oil consumption has grown about 45% and continues to rise. Although crude oil, or petroleum, is a natural resource, it is nonrenewable and must undergo an expensive refining process before people can use it to power their cars. Respond to this statement by describing two potential effects of such a rise in oil consumption. Also, indicate whether or not you are confident that there will be ample alternative fuels to use if we drain the oil supply.

Answer 1

First potential effects of such a rise in oil consumption.

The first and most important potential effect could be the drain of all oil, causing an effect on our lives and on the market that could be nearly catastrophic, due to the collapse of the offer that would influence nearly all sector of the economy with a downfall which consequences are impossible to foreseen but it is possible to tell they would not be pleasant.
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Second potential effects of such a rise in oil consumption. 

The second potential effects could be the fact that as oil becomes rarer and harder to get, would also get more expensive, with a repercussion on our lifestyle that would cause many people to either lose their job or not be able to afford a car or anything powered by oil. Without valid alternatives, some sectors could experience an economic crisis of great proportion. 
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Am I confident that there will be ample alternative fuels to use if we drain the oil supply?

Yes, I am confident that there will be ample alternative fuels to use if we drain the oil supply. Solar and wind fuels are the future in the sector of energy, not only because oil is a non-renewable resource, but for climatic purpose too since oil is one of the greatest contributors to the human-made global warming that we are experiencing right now.