The response to this oil situation for many automobile manufacturers has been to produce more fuel-efficient cars, such as hybrid cars. Even ethanol and grease-powered engines have become more popular recently. However, what are the ultimate implications of the technological adaptation?
From an economic point of view, the automobile manufacturers are recognising the market and taking advantage of the situation. Not to say that this is immoral in any way, because the trend for companies to use a given situation to their advantage creatively is called innovation or progress. Consumers of these products won't have to endure the present oil crisis as harshly as many others. However, only a part of the population in any country will possess these products, and there will be a large number who drive only gasoline-powered engines and use only gasoline-powered equipment. The demand for oil nationwide, therefore, will still exist. If the same predicament holds true for each country on the planet, then the oil problem continues.
From an ecological point of view, the alternatively fueled equipment and vehicles is good for the planet. Burned gasoline emits pollutants including chlorofluorocarbons, which deplete the ozone layer. Because a smaller amount of petrol is used—if any—in the newer products, the ecological conditions would seem like they would be much better than if everyone were to continue petrol consumption at a constant, unwavering rate.
However, we must consider the impact if oil were to completely run-out worldwide. In this case, the world would have no choice but to convert to newer, cleaner technologies if it wanted to maintain the same living conditions and luxeries it had before. Not only would oil demand fall, it would be annihilated. Of course, the easiest way to get oil off the planet is to use it up completely. The sooner oil is gone, the sooner the planet is clean.
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