Is petroleum exhaustible? Explain.

1.	Is petroleum exhaustible? Explain.
Answer» 1. If we see the history of petroleum production, from 1859 to 1969, the total production of oil was 227 billion barrels. 2. 50% of this total was produced during the first 100 years, while the next 50% was extracted in just ten years. 3. Today our consumption rate of oil is far excess that of the rate of its formation. 4. Earth take more than one thousand years to form the oil that we consume in one day. 5. By about 2015, we would have consumed half of the total reserves of the oil. 6. It would become more and more difficult to extract oil in future. So petroleum is exhaustible.

Answer»

1. If we see the history of petroleum production, from 1859 to 1969, the total production of oil was 227 billion barrels.

2. 50% of this total was produced during the first 100 years, while the next 50% was extracted in just ten years.

3. Today our consumption rate of oil is far excess that of the rate of its formation.

4. Earth take more than one thousand years to form the oil that we consume in one day.

5. By about 2015, we would have consumed half of the total reserves of the oil.

6. It would become more and more difficult to extract oil in future. So petroleum is exhaustible.

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