Financial Times and Telegraph UK:World will face oil crunch ‘in five years’
The world is facing an oil supply “crunch” within five years that will force up prices to record levels and increase the west’s dependence on oil cartel Opec, the industrialised countries’ energy watchdog has warned.
In its starkest warning yet on the world’s fuel outlook, the International Energy Agency said “oil looks extremely tight in five years time” and there are “prospects of even tighter natural gas markets at the turn of the decade”.
The IEA said that supply was falling faster than expected in mature areas, such as the North Sea or Mexico, while projects in new provinces such as the Russian Far East, faced long delays. Meanwhile consumption is accelerating on strong economic growth in emerging countries.
The problem is exacerbated by the fact that supply from non-members of the Organisation of the Petroleum Exporting Countries will increase at an annual pace of 1 per cent, or less than half the rate of the demand rise.
The widening gap between rising consumption and lagging non-Opec supply will force Opec to sharply increase its production in the next five years.
This, like a SECURE BORDER(S), is one of those, 'what's the PROBLEM?' issues. There is wide unquestioned public support. There is a mountain to climb. TAKE THE STEPS, and we don't want to hear your excuses. In the former problem we can assume big business and it's money and greed demand the open border and have perverted the system (as dire a warning sign as there is considering the stakes). But with the oil crisis, it's sucking economic drain to a raw material on alien shores, and it's heavy penalties, it is beyond me why the motions to solve the energy questions, and fuel questions are NOT the second highest priority we have (besides killing the killers). Unless we free ourselves from this fuel (and it's attendant costs for the eco freaks in global warming, and it's political and economic wasting costs) stupidity, and move to the next stage of industrial development WHATEVER SOLUTION THAT MEANS IN TERMS OF SCIENTIFIC AND ENGINEERING R&D and production, the idea of civilization as we know it will INEVITABLY drag us into a resource war, along with the religious one.
So sorry, but, why is this not yet clear? The forces compelling all this are PLAIN TO SEE, civilizational level and consequently titanic.
Continue reading "I hate to keep asking about the location of my hydrogen powered, fuel cell car" »
3 comments:
Bring on the nuclear power stations then.
The west has got to get self-sufficient in energy, if only to inform our "friends" the arabs that they are welcome to return to the desert and eat their oil.
What will the next resource war be about?
Water I reckon.
Monty
If we used Hydrogen powered cars, that would definitely change the environment, as far as I understand. What I believe would happen is the byproduct of burning hydrogen is water, so you'd be introducing huge amounts of water into the atmosphere which would increase rainfall, humidity, etc.
I'm not sure that would effect the planet's temperature, but weather patterns would have to change, wouldn't they?
Ask anyone who lives in Palm Springs. In the past twenty years they have built a huge amount of golf courses there. What does that matter?
Well, they have to water all those golf courses. So, what used to be a dry heat environment has become humid.
I've been there over the past fifteen years and seen the change personally.
The ECO Terrorists and PETA are killin us !! Any time a new energy source or method is found they find some way to block it..
The tech is out there but faces too much opposition ..
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