An interesting fact is that the number of energy used for transportation is as high as 96%. Coal the former number one energy source was overthrown by the versatile oil industry. Since the use of oil there have been 875 billion barrels of oil produced and consumed.
There is a popular belief that the supply of oil in the entire world will be sufficient until around 2040. However more and more analysts and geologists are challenging this common belief. Their thoughts are that the year 2040 is wrong in the sense that it's a bit too optimistic. Some of these analysts write in one of the biggest industries magazines. These people are not your everyday writers, but some of the most respected around the world.
The expectation is that in the next 10 years the oil demand will rise by about 60%. It should be clear by now that the demand will exceed the supply. It's not a matter of 'will it happen', it merely a matter of 'when will it happen'. There will break out a bidding war once the supply is low. Shifting from an oil oriented industry to a new energy based industry can leave the world steering towards an uncertain future. It's therefore of strategic importance to secure a continues flow of oil for countries like China and India. Another important strategic position that larger countries will start to take in, are investments in alternative fuels and electrical transportation. Already utilised alternatives for oil are natural gas, petroleum gas, hydrogen fuel, fuel cells and bio fuel.
This article was written by the editor at: korting op tanken