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.
31/01/2008
Subscribe to:
Post Comments (Atom)
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 ...

-
Oil stockpiles have swollen to a record of almost 3 billion barrels because of strong production in OPEC and elsewhere, potentially deepe...
-
The world is reaching closer to ‘peak oil’ with each passing day. Analysts predict the inevitable to come with this century. Present measure...
-
List of stocks whose Volatility has been increasing over the last 3 days based on the trading range between high and low prices . VZ - Veriz...
No comments:
Post a Comment