write an essay on the topic, "a world without oil "free 25point
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Once the news of the depletion of oil reaches the people, everyone will rush to get their tanks filled, even if it may be for the last time. There will be huge lines at gas stations all over the world and the shortage of oil will lead to the hike in the price of oil per barrel as well. It will be like an economic crisis like that of 9/11 after which stock trading was shutdown in US. 2 trillion dollars of oil stocks will become worthless. Thousands of boats carrying billions of oil will be travelling throughout the world whereas the major exporters of oil such as Saudi Arabia and Russia will call back their boats certainly to conserve their own oil reserves. The US will be most heavily affected nation since it imports more oil than any other country in the world. US produces around 8 million barrels of oil daily but the usage is double the amount produced. The 1973 oil embargo caused many stations to run out of gas but a situation of such nature will be far worse causing thousands of stations to run dry. Every country has oil in reserve that is hidden away for strategic purposes. To save oil, the governments around the world will take drastic measures to conserve their reserves. Airplanes, boats, trains, all but the most vital transportations of the world will remain functional. The 4 million people who use air transport will be stranded throughout the world. More than half of the people working in the oil industry will be jobless within the day. Furthermore as the future of major industrial plants is dependent on the provision of oil and without any oil, production would be halted rendering more people jobless. The oil crisis will ignite a chain reaction that will cripple every part of our life, our hospitals, our food and our power. But after one day without oil, it will be just the beginning of a global crisis.