In our Time today our energy sources rely mainly to the processing and consumption of crude oil. It has been imminent that the role of crude oil in our lives is very vital. Why is that so? It is because businesses and industry needs electricity to run their day to day operations, workers, laborers, children going to school and even ordinary people need a fast and comfortable means of transportation to bring them to the place they want. Majority of our Electricity is being produced by Oil power ed power plants and so as to our transportations which uses processed crude oils. In our current situation oil prices globally aren’t going down they keep rising to the extent that even our economy is affected. The high prices in commoditities, the mass lay-off of laborers, and workers and the growth of investments slowing down due to rise in operational cost. Thus energy conservation should be enforced among consumers and the search and research for the production and utilization of alternative fuels should end soon. When will they come up with the most viable alternative fuel? They have to discover them soon or we will be expecting a much worse oil crisis than what had happened 3 decades ago where oil prices rose up as much as 400% and results to the collapse economies around the globe.

According to some experts the production of oil would start to decline against the continue rise of its demand and this will happen sooner than we think. Relatively to some extent our oil dependent economy will collapse and poverty levels will rise, as of what had happened on the previous oil price hikes. It is logically possible to think that our planet’s oil reserves and supply is starting to deplete. Try to think that our planet took millions of years if not thousands to produce oil and we consume millions of barrels a day? I don’t think a computation for this would be necessary just common sense.

There are already several alternative fuels on tests and experiment today, maybe we have heard of water, bio diesel, hydrogen, natural gas,  and ethanol as Alternatives to crude oil. But its viability, production and utilization are still in question. In water for example it needs to be converted to gases first before it being used as fuel to your engine, but some experts say that the split of hydrogen and oxygen from water is much more expensive than producing oil, in hydrogen some feared that it’s like you are carrying an atomic bomb on the street this is because the bombs that where used in World War II is a hydrogen bomb. And there are rumors that big oil producers and exporters are trying to get the hold of alternative fuel or preventing the viability of this. Who would lose their business if Alternative fuels came to exist makes some sense huh? Also the government has the responsibility in resolving the issues regarding fuel they must give the support in research and development (If they are not corrupted by the big Crude Oil Producers). to answer the current and possibly the future oil problem. If Alternative fuels are not available in the near future? What will happen to us? Let us be prepared of what catastrophe it will bring us.