PEAK OIL DEMAND THEORY IS THAT AT SOME POINT,IN THIRTY OR FORTY YEARS, NO MORE NEW OIL IS FOUND, THE DEMAND FOR OIL KEEPS RISING. SO IN ABOUT FIFTY TO SIXTY YEARS THERE IS VERY LITTLE OIL LEFT. WHAT DOES THIS MEAN TO US. IT MEANS OUR GRANDCHILDREN MAY NOT SEE A OIL BASED CAR, OR THEY MAY NEVER FLY ON A PLANE POWERED BY OIL.
TODAY WE MAKE FASTER COMPUTERS, GREAT SOCIAL WEBSITES, GOOGLES ETC, BUT NO MEANINGFUL ALTERNATIVE ENERGY SOLUTIONS. THE BEST ENGINEERING TALENT IS MAKING THINGS THAT ARE FUN BUT MOSTLY IRRELEVANT TO OUR FUTURE ENERGY NEEDS.
THIS MEAN HIGHER OIL WHICH WE ARE ALREADY SEEING. OIL MAY BE AT $200/BARREL IN THE NEXT FIVE YEARS. $300/BARREL IN TEN TO FIFTEEN YEARS AND WE GO TO $500/BARREL BEFORE TWENTY FIVE YEARS. SO ONLY THE RICH WILL TRAVEL IN PLANES AND CARS.
THE QUESTION IS ,WILL WE BE ABLE TO REPLACE OIL AS A SOURCE OF ENERGY. THE ANSWER IS NO. WE MAY BE INCAPABLE OF REPLICATING A NATURE'S WONDER, OIL. SINCE PRIVATE ENTERPRISE LOOKS FOR SHORT TERM PROFITS, MODERN GOVTS ARE BEHOLDEN TO OIL INTERESTS, NO NEW TECHNOLOGY WILL EMERGE TO REPLACE OI, ALTERNATIVES MAYBE.
GIVEN THIS ENVIRONMENT WE ARE LOOKING AT A VERY DIFFERENT FUTURE FOR MANKIND , THAN WHAT WE HAVE TODAY. SO LET US EXPLORE THIS ENVIRONMENT IN OUR FUTURE BLOGS
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People should read this.
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