Why Managing Our Crude Oil Supply Matters

Posted by on April 30th, 2007 at 11:17am

Our modern world requires a lot of petroleum products to function. From cars to planes to massive transportation of goods and services, every day of use is a further strain on the crude oil supply available to the planet. It is imperative that we manage that supply to the best of our ability. Here are some reasons why we must pay close attention to managing this key resource.

First, crude oil is not a resource that we can classify as renewable. It takes millions of years for crude oil to develop. Most of us don’t plan on being around that long. Compared to wood, which can be replaced within a generation or so, crude oil simply cannot be replaced. Because we are working with a limited resource that drives so much of the way we live and work, we owe it to ourselves to make sure we are utilizing the oil to the best of our ability.

Second, most of us to do work with unlimited budgets. That means the average consumer faces a real crisis when oil prices jump up due to a real or imagined crude oil supply issue. Our only defense is to position ourselves so that we incrementally become less dependent on petroleum products, so that an upswing in cost has less of an impact on our monthly incomes. We can accomplish this by carpooling or using public transportation. Some of us may even think about using bicycles as a means of running errands close to home.

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