Posted by: Geology Tiger October 3, 2009
Prediction on price of crude oil at the end of 2009
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Water sustains life, Energy sustains civilization!


Steve Sonnenberg,


 


Raju161,


You wrote that you are getting what I am trying to put here. And again I am not denying this fact that there is no other way than looking for alternative energy to supply the demand of energy in the world. But my point is that the way people are predicting that we are running out of petroleum energy pretty soon that in not true. Instead we are accumulating the volume of petroleum resources. However, this is not going to happen forever. So two things: We have to develop the alternative energy resources before we run out of petroleum resources. And also we have to utilize most advanced and sophisticated techonology (which has been already developed) in environmentally friendly way to extract possible petroleum resources.


China is not going to explode population anymore, and so does India. Moreover, China is showing more interest in developing hydropower and coal rather than exploring oil. However there will be certain increase in energy consumption by these two countries.


Population evolution in different continents.  The vertical axis is logarithmic and is billions of people.

src: wikivisual.com

 

Last edited: 03-Oct-09 06:15 PM
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