The world is reaching closer to ‘peak oil’ with each passing day. Analysts predict the inevitable to come with this century. Present measures taken, the future consumption of petroleum in America may drop and possibly even decrease, but are biofuels really the key to the solution?
European countries have already made a switch to biofuels and are beginning to feel the effects and complications. While it hasn’t resulted in direct food shortages, biodiesel is already causing shortages of vegetable oils.
Will countries like China and India follow this trend in energy conversion? It is difficult to imagine any country with enormous population would make such a move. This conversion could result in massive world food shortages as never experienced. Both countries realize this and are pursuing aggressive oil exploration.
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
-
World Watch reported oil futures fell Thursday, slipping below $90 at times and reversing five days of gains on renewed recession worries sp... -
The Saudis go out of their way to have this specific meeting outside the OPEC frameworks, and if you're the OPEC president, you want to ...
-
News reports have mentioned that Royal Dutch Shell Plc may spend $2.5 billion on a natural gas plant in southern Iraq to meet energy demand...
No comments:
Post a Comment