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meiechl f09

BBC NEWS | Business | Is the world's oil running out fast? - 1 views

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    This article from the BBC exposes the rate at which oil is running out, and the consequences it will have on society. The implication is that the market price of oil is far cheaper than its real value, and this means that consumption is rapidly exceeding production. The article questions whether oil rationing should be imposed in order to preserve this scarce resource.
masayaechl f09

Oil Strike Not to Quench Demand - 1 views

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    Scientists have predicted that fossil fuel will completely deplete in the naer future of mankind because of the human's abusive use and the attachment to fossil fuels. Oils are now considered valuable and SCARCE. However, new oil basins have been found in several parts of the world. Being said, oil may not have been scarce as it was thought to be
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