Wednesday, August 10, 2011

Autonomy of oil reserves


Considering that between 850 and 950 have been consumed Gbl today.

Often given an estimate of oil reserves equivalent to 40 to 60 years of world consumption today is to say slightly less in reality if we take into account the steady rise in consumption, mainly due to the emergence of newly industrialized countries such as China and India. However, the thin oil should lead to an increase in prices, which in turn should limit consumption to the profits of alternative energy sources, fossil fuels (coal, etc.), or renewable. All things considered, it is reasonable to think that we have about 50 years of oil. Remains to be seen at what price ...

It took a century for humanity to consume half of the oil, it will take more than a half to fully deplete the reserves.

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