INTRO
WHY REMAIN ON PETROLEUM?
- Oil is still abundant and more profitable as it becomes harder to extract
- It makes a few Middle East countries powerful and rich
- There are many oil byproducts that are still useful and fortune making, such as plastics, lubricant oils and other which are environmentally poisonous too but very profitable
- The most important reason for oil to stay as the blood of current civilization: The United States is the main oil-technologician and keeps its own in-ground reserve well protected. This guarantees their true world power in case of crisis or planetary war. US reserves are estimated so huge that could keep the world running on gasoline for centuries.
OUTCOMES
One result from this is that the world will keep emitting carbon to the atmosphere and changing our environment into something less oxygenated and more vegetation-oriented by favoring photosynthesis, yet the true effect on plants is uncertain. Will humans easily adapt to a less oxygenated air? Another outcome is that oil derivatives are going to remain expensive so the world will keep growing slowly. Is this good or bad? If the whole planet's economic growth raises a lot, there will be more consumption and waste, but at the same time, better developed countries become more environmentally efficient. So the net outcome of a slowly growing world could be renewable resources exhaustion, at least in poor countries, while non-renewables might expand their availability.
One result from this is that the world will keep emitting carbon to the atmosphere and changing our environment into something less oxygenated and more vegetation-oriented by favoring photosynthesis, yet the true effect on plants is uncertain. Will humans easily adapt to a less oxygenated air? Another outcome is that oil derivatives are going to remain expensive so the world will keep growing slowly. Is this good or bad? If the whole planet's economic growth raises a lot, there will be more consumption and waste, but at the same time, better developed countries become more environmentally efficient. So the net outcome of a slowly growing world could be renewable resources exhaustion, at least in poor countries, while non-renewables might expand their availability.
CORE REASONS
I
made the assumption that high oil price is leading the world
economics to a slowdown. But the true cause for this might be more
difficult to attain. Perhaps oil price is part of the answer but
automation and robotics, big corporations' over-accumulation of
wealth, rich countries too focused on making cars while the market
could have reached its limits or people just shifted desire from cars
to other things (maybe because of gas prices) or even rich countries
might have peaked their enthusiasm for growth and are just bored and
not wanting to keep on leading the world. Scarcity of commodities
(renewable or not) other than oil could be part of the problem. The
economy of information and fun seems not to be creating as many jobs
as needed to boost a depressed planetary economy.
More
links:
CO2 on plants
CO2 on plants
http://news.stanford.edu/news/2002/december11/jasperplots-124.html
http://www.skepticalscience.com/Increasing-Carbon-Dioxide-is-not-good-for-plants.html
Oxygen decrease
http://www.skepticalscience.com/Increasing-Carbon-Dioxide-is-not-good-for-plants.html
Oxygen decrease
http://www.forbes.com/sites/alexknapp/2012/09/30/carbon-emissions-threaten-the-fishing-industry-by-shrinking-fish-sizes/
On oil
http://en.wikipedia.org/wiki/Petroleum_product
On oil
http://en.wikipedia.org/wiki/Petroleum_product
Aviation
fuel
On
economic
growth
http://articles.washingtonpost.com/2013-01-23/business/36496291_1_olivier-blanchard-euro-zone-imf-chief-economist
http://articles.washingtonpost.com/2013-01-23/business/36496291_1_olivier-blanchard-euro-zone-imf-chief-economist