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Conservation Of Oil Essays

 

02-Sep-12

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‘There is no easy oil left in the world, geologists are basically scarring the parts of the planet wherenobody really goes to and search for the last remaining sizeable oil reserves.’ 

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Neil McMahon, Oil Analyst, Stanford C. BernsteinHuman civilization has experienced the fastest rate of economic growth during the last two centuries,precisely over the latter half of twentieth century. Since the beginning of the past century, usage of mineral oil and other petroleum based products has emerged as the primary source to fuel the growthof the economy. But human beings have mostly depleted the natural reserves that have been developedover millions of years in just two centuries. The bitter truth is – being a non renewable resource the oilsources are dwindling all across the world. For this the need of reservation is now greater than everbefore.What can be the role of reservation of natural resources in macro economical aspects? In a financialanalysis the reserves always come under the ‘liabilities’ side. And if we take the GDP as the benchmarkfor country based economic development then resource reservation will indirectly belong to the‘investment’ section. Hence roughly blending the above two prospects – it’s a liability for us – to investfor a better future for the coming generations.

The definition of ‘youth’

One of the common notions of categorizing the populace is in terms of demographics. In that onestandard parameter is age, like children, youth, middle-aged, senior citizen etc. It’s difficult to appertainto a distinct age boundary, still across the globe the age category from 15 to 24 (in some cases 29) canbe considered as ‘youth’. I beg to differ with such kind of parametric definition. ‘Youth’ is not a conditionof the body neither it can be quantified by the number of years a person has lived– it’s a state of themind. Youthfulness lies in the freshness and vigor in work, innovation of new ideas, constantlychallenging the old obsolete practices and adapting to modern sustainable methods. If a person havesimilar attributes at an age of eighty then he/she belongs to the youth category and the converse is alsotrue.

Oil consumption in the world

The world’s oil consumption can be broadly divided into three categories – for infrastructure

...the demand for such fossil fuels as coal, oil, and natural gas. Less burning of fossil fuels also means lower emissions of carbon dioxide (CO2), the primary contributor to global warming, and other pollutants. You do not have to do without to achieve these savings. There is now an energy efficient alternative for almost every kind of appliance or light fixture. That means that consumers have a real choice and the power to change their energy use on a revolutionary scale. The average American produces about 40,000 pounds of CO2 emissions per year. Together, we use nearly a million dollars worth of energy every minute, night and day, every day of the year. By exercising even a few of the following steps, you can cut your annual emissions by thousands of pounds and your energy bills by a significant amount! Home appliances Turn your refrigerator down. Refrigerators account for about 20% of Household electricity use. Use a thermometer to set your refrigerator temperature as close to 37 degrees and your freezer as close to 3 degrees as possible. Make sure that its energy saver switch is turned on. Also, check the gaskets around your refrigerator/freezer doors to make sure they are clean and sealed tightly. Set your clothes washer to the warm or cold water setting, not hot. Switching from hot to warm for two loads per week can save nearly 500 pounds of CO2 per year if you have an electric water heater, or 150 pounds for a...

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