Fossil fuels are dwindling. It’s only a matter of time before we run out.
Your pocketbook may soon be affected after oil prices spiked last week to above $66 per barrel driving the U.S. national average for gas to $2.77 per gallon. The increase came after the Organization of the Petroleum Exporting Countries decided to limit next month’s production. Needless to say, consumers at the pump likely won’t be very happy.
Californians are currently paying $3.76 per gallon for gas which is the highest since 2019.
Following suit, Washington State, Nevada, Arizona, Alaska, and Pennsylvania consumers are all paying above $3 per gallon.
Prices in the southeastern states remain in the $2 range, making Mississippi the lowest at $2.49 per gallon.
Fanning the flames, the increase in prices at the pump may be ongoing, with no end in sight. WJBZ 13 CBS Baltimore reports: “AAA said refinery utilization is at a record low, gas supplies are tightening and demand is increasing.”
Utah gas prices went up 16 cents last week, adding to the fuss.
Pittsburg resident Brian Scott told WPXI 11 News that the prices are absurd. “Yeah, and it’s kind of ridiculous, but, you know, you still gotta get gas. You still gotta get from point A to point B, from work to home” he said.
Gas prices in the Northeastern U.S. have soared following production cuts. Consumers in Maine have seen a 33 cent increase over the past week, with no end in sight.
How long before we run out of fossil fuels?
A British Petroleum white paper titled Statistical Review of World Energy 2016 reveals that we only have about 150 years left of coal production and about 50 years of natural gas, and oil resources remaining, adding to the dilemma.
The organization Our World In Data reports that “depleting reserves could become a pressing issue 50-100 years from now.”
The report goes on to mention how “climate change” can also deter oil production.
“Carbon dioxide emissions remain trapped in the atmosphere for long periods of time, building up an atmospheric stock that leads temperatures to rise,” the report authored by Hannah Ritchie reads. “To keep average global temperature increase below two degrees celsius (as has been agreed in the UN Paris Agreement), we can thus calculate the cumulative amount of carbon dioxide we can emit while maintaining a probability of remaining below this target temperature.”
When fossil fuels run out, then what?
Due to the fact that humans are so reliant on fossil fuels, civilization could be reduced quickly if we were to run out.
“If this ever happened, and our current logistical infrastructure had not responded in time, this would potentially be a very serious problem,” Christopher McFadden with the publication Interesting Engineering points out. “The human race is a global civilization and is heavily reliant on a plentiful supply of crude oil.”
What will you do if the gas runs out?