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ALTERNATIVE ENERGY SOURCES

Some scientists estimate that there are about 800 billion barrels of oil remaining. The current oil consumption is 76 million barrels per day. It looks like planet Earth has has oil for about 10,000 days, i.e. about 27 years, assuming that consumption does not increase. If consumption increases an average 5% a year, then we have oil for only about 15 years. The real issue is when will production of oil be insufficient to cover demand? That largely depends on demand, not on reserves. But today, the world is approaching what geologists call "peak oil", the point at which daily demand will exceed supply. When this happens – the prices of crude oil could go well higher than $100 per barrel. (Oil Reserves, Production and Consumption).
I think that the government of all developed nations should come together and more research needs to be done in the area of alternative fuels, such as methanol, natural gas, electricity, and propane because of their lower...

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Title: Alternative Energy Sources
Approximate word count: 470
Approximate pages: 2 (250 words per double-spaced page)

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