The oil reserves are not infinite, far from it ... It still has a few decades at current rate of consumption, but it is urgent to switch to alternatives. The scarcity of oil will increase its prices, which leaves room for alternatives (if choosing the right ...). Apart from the urgent environmental and climate, how long can we still use massive source of energy?
The state of the world is uncertain, however, have considered that half of the reserves had been consumed (in a century).
The very concept of "reserves" is poorly defined, it is called "proven" reserves, "probable" "final", etc.., and the ability of deposits currently in operation appears to be currently overvalued, for speculative purposes.
This portends the rise of a powerful oil shock in the coming decades: the day will come when companies and oil states will no longer hide the truth. In the meantime, however, they shall make a maximum profit of oil resources, by locking access to alternative energy sources, while preparing to replace an energy dependence for another, in order to maintain their hegemony.
No comments:
Post a Comment