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Is the Fossil Fuel Crisis an Immediate Emergency?

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Submitted By jarred10
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Chapter 5 Case Study: Is The Fossil Fuel Crisis An Immediate Emergency?
IBA 350

In my opinion, a developed country does not have a moral duty to produce food over fuel crops when hunger is a global issue. I agree that developed countries should provide food to those who are starving in third world countries, but unfortunately, due to the importance of the survival of our global economy, using crops to create ethanol and reduce oil scarcity seems to be the more logical decision for developed countries. Also, if developed countries did not use any of their crops to create ethanol, then it would cost more money for the fuel used to ship the available crops to countries in need of aid.
I think the fossil fuel crisis is not immediate when it comes to the thought of oil scarcity or oil depletion. I found an article printed in The Wall Street Journal yesterday (September 29th) that specifically targets Marion Hubbert’s “peak oil” theory with multiple researchers opposing arguments. Hubbert knew what he was talking about in 1956 when he wrote about U.S. oil production peaking in the early 1970s, however, he did not factor in technology advances of extracting oil. These advances include U.S. energy companies using hydraulic fracking and horizontal drilling to extract oil from rock formations, a process that has been adopted by other countries to access increased amounts of oil. Discoveries such as these and more innovative methods mentioned in the article, “Why Peak-Oil Predictions Haven't Come True; More Experts Now Believe Technology Will Continue to Unlock New Sources,” lead me to believe that there is still a lot of oil left to be extracted across the world. Rather than believing in setting a time limit on when to transition to new energy sources due to oil depletion, I am more influenced by the theoretical situation presented in this article by George King and

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