Kuwaiti study: Conventional oil to peak in 2014 — Autoblog Green
For the first time, an Arab country has admitted that the world's oil supplies are close to peaking. I seriously wonder if ANY of India's politicians / planners have the foresight to consider the implications of this admission by one of the world's leading oil producers? In the short term, this will mean that oil prices will skyrocket. In the long term, it will mean that the future will belong to countries that are prepared for a mainly post oil era. Yes, some morons will talk about converting coal to gasoline or of gasifying coal and using it in conventional engines. The smart brains will be working to wean themselves off oil and coal altogether and work on wind, solar or other sources of energy.
It will be interesting to watch this develop - I am going to wait and see if any Indian media outlet even takes cognizance of this Kuwaiti admission.
Subscribe to:
Post Comments (Atom)
The sooner the better. Nothing like reality to jolt these dreamers awake. Maybe the policy planners will hopefully allot more funds for development of renewable energy sources when there is still time.
ReplyDeleteI do hope so - however, reality is something that does not seem to ever cloud Indian planners' thinking if you'll allow the dark humor. More than anything else, even if fossil fuels were going to be available forever, why on earth would a nation like India (and its neighbors in South Asia are equally guilty of extreme inactivity) ever squander scarce resources towards buying these fuels from elsewhere?
ReplyDelete