WHAT WILL HAPPEN WHEN THE OIL ENDS? 

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Speak Engineering Lovers! 🚀 In today's video, we'll explore one of the most intriguing and alarming questions of our time: What will happen when the oil runs out? 🌍
Oil is the lifeblood of the modern world and the combustion engine is its indomitable heart. In 2022, we extract almost 100 million barrels per day, and consume the same amount. But what happens when these reserves run out? 🔥
What you will learn in this video:
Why will oil run out?
Fossil fuels like natural gas and oil are not renewable. 🌱 They were formed millions of years ago and would take millions more to renew.
The concept of the Hubbert Curve:
Each oil well follows a production curve that eventually peaks and then declines to zero. 📉
This curve can also be applied globally, predicting that world production will increase, peak (Peak Oil) and then decrease.
Impact of Peak Oil:
Demand continues to grow while reserves dwindle. Advanced technologies such as fracking have temporarily increased supply, but global demand is still high. 🚗
The future of energy:
The International Energy Agency predicts "peak demand" in 2028. 📅
Rising prices and the growing number of electric vehicles are changing the global energy landscape.
Russia's invasion of Ukraine in 2022 showed the impact of a reduced oil supply, with skyrocketing prices and local energy crises. ⚡
Adaptations and alternatives:
Alternative energy sources and renewable biofuels are crucial. 🌿
The need to reduce dependence on fossil fuels has never been more urgent.
Why is it important?
When oil runs out, it could mean the end of globalization as we know it. The shortage could make oil unaffordable for most people, comparable to gold. 💎 Renewable alternatives will become essential to sustain modern life.
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