The Future of Oil
The correct spelling of the publication is "TIME Magazine." The article titled "The Future of Oil" was written by author Bryan Walsh, who is a senior writer for TIME magazine covering energy, environment, and diseases. In the article, Walsh infers and appraises the future of oil in terms of the economy, value, scarcity, and finding alternatives. The author reveals and reviews the importance of oil to the global economy, as well as the urgency of finding a replacement for oil in order to avoid over-reliance on these non-renewable natural resources. These facts have agonized the world, and people started becoming concerned decades ago when they found that oil is neither renewable nor reusable.
Summary:
In the first part of the article, the author reviews the discovery of new plentiful oil sources in the Atlantic Ocean, 180 miles east of Rio de Janeiro, which could produce up to 1.2 million barrels of crude oil per day. Yet, it is still disproportional to the demand all around the world.
Order custom essay The Future of Oil with free plagiarism report
450+ experts on 30 subjects
Starting from 3 hours delivery
Nevertheless, the latest advanced technologies applied to automobiles and the recession of the economy in the US have temporarily reduced the demand for oil. However, the rapid growth in other countries like China, India, and certain developing countries has equalized the demand and supply graph back to the extreme level. This has brought phenomena where plentiful but expensive oil is in the market. The price of oil will still be hard to drop. Moreover, there is still no other substitute available for oil, making it prone to big booms and deep busts, taking the global economy along with it.
When the global economy heats up, demand for oil rises, boosting the price and encouraging producers to pump more. Inevitably, those high prices eat into economic growth and reduce demand just as suppliers are overproducing. Prices crash and the cycle starts all over again. However, the environmental issues and costs have to be brought to attention. The catastrophic oil spill accident that happened in the Gulf of Mexico had a huge impact on the environment, and it needs decades to recover.
Yet, the demand for oil never stops, and the supply of oil must be ideally inexhaustible for the world. People are facing more challenging and dangerous tasks while getting unconventional oil to satisfy the demand for oil. Hence, the best solution is still to develop other kinds of energy alternatives to break the temporary reliance on oil for the environment, economy, and future.
Analysis of the Presentation:
The first element of the article "The Future of Oil" written by Bryan Walsh in April 2012 that is going to be discussed will be the author's purpose or intent.
In the article, the author's purpose is to inform the audience about the current amount of available crude oil left and the number of barrels of oil produced per day to fulfill the unlimited demand from the international market. The author also predicts that the oil that supports our daily transportation will become more expensive and polluting in the future, as the process of extracting and processing oil is destructive to the environment. The second element to be discussed will be the author's point of view.
As previously stated, since the author has mentioned that the price of oil is becoming expensive (Bryan Walsh, 2012), the author suggests that it will be important to conduct more research and development on carbon-free alternatives, such as wind power, solar power, nuclear power, and biofuels. These alternatives are believed to have the potential to reduce the burden of the high price of oil in our daily lives later. Next, the author's tone in writing the article will be another element to be discussed, where tone reflects the author's feelings and attitude towards the subject.
The audience can feel the author's tone was excited when he describes on the size of the floating oil-production platform deck in Atlantic, Brazil which he wrote " The platform deck is so big you could play the Super Bowl on it, if not for the nest for the interlocking pipes and valves that circulate oil, methane, and steam throughout the ship." The author shows the feeling of regret too from his word "A combination of recession, conservation and improved auto efficiency has eloped the U.
S. Shed demand impressively. But demand in China, India and other developing nations have replaced it. Result: plentiful but expensive oil that translates into painfully high gas prices. " Other than that, the author's worry can be found from the written "The new supplies are for the most part more expensive than traditional oil from places like the Middle Each, sometimes significantly so. They are often dirtier, with higher risks of accidents. The author also wows the feeling of sarcastic and contradiction when he wrote muff may not like Exxon because of the pump price or its oversize profits, but how much love do you have for autocratic poetasters like Iran or Russia? Oxen's growth trickles down; the oil-and-gas industry created 9% of all new Jobs last year, according to a report by the World Economic Forum, even as oil companies booked multimillion-dollar profits. "
The author used the tone sarcastic once again later in his word "Low oil prices in the sass lulled U. S. Auto companies into disastrous complacency; they had dew efficient models available when oil turned expensive. " Other than all of the above, the author used the tone of exaggerate when he describes the amount of available extreme oil, "Extreme oil meaner there will still be enough more than 1 trillion barrels by one estimate to keep cooking the planet if we decide to burn it all. In addition, the author used some fact information instead of opinion sentences teen the paragraphs in the article; a fact is a statement that can be proven right or wrong, and an opinion is a statement of feeling that cannot be proven right or wrong. The author stated that since there is increase in crude collecting activities which requires drilling technology now thus "Tight oil has helped revivalist the American drilling industry. Besides that, the author also stated that U. S.'s import of liquid fuels has decreased from 60% in the year 2005 to 45% in last year, if domestic oil production continues to rise, U. S could move toward to energy independence. Other than that, he also included fact information in his article, writing that "There is no substitute for the economy along with it. Last of all, the author have referred to other's speeches and opinions such as from President Obama, energy expert--Michael Clare, state geologist of Text-Scott Tinker, and chief economist at EIA? Afterbirth, which he have written into his article "The Future of Oil" but yet he do not enclose the links and quote them to the references or origins which e have used as materials, thus his scholarly is considered as unclear.
Response to presentation
In the article "The Future of Oil", author Bryan Walsh has used many statistics and data to strengthen the persuasiveness of his view to audience, but he fails to indicate the exact sources of certain data. Maybe some of these data are very common to local people, example the average price of oil last year in US, "Last year the average cost for a gallon of unleaded was $3. 51, the highest on record, up from $2. 90 a year before. On March 26 the national average was$3. 90", but that was uncommon to reader from other area.
He actually should include the sources of those data in order to make his article to be more convincing. The same problem occurs on the information on the production of crude barrels daily by Petrol's in Atlantic Ocean. The author stated the amount of crude produced, but he did not mention where he got the data from. Instead, these might bring some doubts and seems exaggerating to the audience. Nevertheless, in this article, Bryan Walsh focuses more on the impact of oil to US economy,but hectically provides sufficient facts while explaining the influence of oil to the global future economy.
He states and redirects the US might be able to achieve energy independence as more sophisticated hydraulic fracturing and horizontal trinitrotoluene's applied to open up reserves of oil which previously considered unobtainable, but he does agree also that more production of oil in the US does not really help to calm the increasing global oil demand. He states "Energy security is fine, but it doesn't have that much meaning in a globalizes economy," says Guy Caruso, a former head of the EIA.
This is very true that no matter how much new and unconventional oils are being discovered, the world will never satisfy with the supplies. Nonetheless, Bryan Walsh, in his article, besides economy issues, he does talk about the impact of producing oil to the environment, the true cost to the environment which he intends to warn people the consequences and the future challenge of producing oil. He does provide some facts and sayings of certain representatives to attract the reader's attention to this serious issue.
Example"elf you think cleaning up an oil spill in the Gulf of Mexico was tough, try doing it in the remote, forbidding Arctic. But even greater than the immediate environmental danger posed by unconventional oil is the larger risk to the climate." However, he fails to picture out how destructive the consequences and negative effect to the environment are. Instead, he provides saying like "There's enough carbon there to create a totally different planet," says James Hansen, a NASA climatologist, and activist without explaining how a different planet would it be.
In the last part of the article, author Bryan Walsh clarified his view on the future of oil. He denotes that new coming sources and unconventional oil does not really help to solve the fundamental problem. He does need oil. He includes some facts to show the effort of people to increase the efficiency in order to waste the energy sources. "Beam's push to increase corporate average fuel-efficiency standards for vehicles to 55 m. P. G. By 2025 is vital".
Cite this Page
The Future of Oil. (2018, Aug 07). Retrieved from https://phdessay.com/the-future-of-oil/
Run a free check or have your essay done for you
