SANJAY KAK asked:
What exactly is deriving oil prices high. Is less shortage of oil, oil production issues or simply demand for oil has sky rocketed. What we see today is only tip of iceberg. The day is not far when we will see oil barrel at $200 or more. While emerging economies are battling with established economies for control of third world oil for growth of business. The nations have started capturing untapped oil market for future expansion, along with current rising consumption of oil is the leading cause of price touching record high. What exactly, we have options for Fuel To Burn beyond Oil.
According to statistic, the America consumed 20 million barrels of petroleum every day in year 2006. This is really a big number but when we look at the numbers of China and India and other emerging economies the situation looks more grim.
There is urgency to come up with alternate fuel solution to oil, the world leaders, corporate leaders and environmentalist are working closely to create alternate fuels. The research universities are working tirelessly and corporate leaders are pumping huge amount for future fuel technologies.
We all know oil is made up of fossilized remains of ancient marine plants and animals, we also know this process takes millions of years to convert fossil into crude oil. The problem is there is a long process to get oil, where as demand for consumption is growing every minute in leaps and bounds.
Now the big question is, where do we stand if we run out oil. Already signs are not good. Refineries are running at high out put still not able to keep consumption requirements, Some of the oil rigs are running dry, sure signs of bad days. Some of the oil regions are involved in long conflict, resulting into delay and short supplies. Bottom line we no longer can depend upon on oil as major energy source.
Another factor, why alternate technologies for fuel are being pursued is the risk to environment. The most damage to earth has happened in last century, with explosion of industrial revolution and expansion of industries across all fields has created tremendous impact on global warming. People are able to see changes in environment, changing weather patterns, too much or no rain in different part of world, temperature soaring and glaciers shrinking all are signs of global warming.
The future needs are not only alternate fuel to gasoline but the future fuel has to be clean and no hazard to environment, unlike oil which creates greenhouse gases a prime reason of global warming. The next fuel will be clean, environment friendly, cheap and will be available in all countries. One more thing next generation fuel will help in reducing the tension among nations fighting for oil share.
The emerging economies China, India and Mexico are buying or leasing oil fields in Asia, Africa and Europe to keep their counties interest intact. The developed countries are busy in filling their oil reserves to safe guard national reserves. All this fight for oil and fierce competition among nation is bound to create conflict and war. The next generation fuel not only will help in reducing consumption demand but also help in keeping peace in world.
Now we have talked in length about the current issues related in respect to gap in demand supply of oil. Let’s look at alternate fuels available and which one are in research. Read more on Green Energies ”http://www.fueltoburn.com/”
What exactly is deriving oil prices high. Is less shortage of oil, oil production issues or simply demand for oil has sky rocketed. What we see today is only tip of iceberg. The day is not far when we will see oil barrel at $200 or more. While emerging economies are battling with established economies for control of third world oil for growth of business. The nations have started capturing untapped oil market for future expansion, along with current rising consumption of oil is the leading cause of price touching record high. What exactly, we have options for Fuel To Burn beyond Oil.
According to statistic, the America consumed 20 million barrels of petroleum every day in year 2006. This is really a big number but when we look at the numbers of China and India and other emerging economies the situation looks more grim.
There is urgency to come up with alternate fuel solution to oil, the world leaders, corporate leaders and environmentalist are working closely to create alternate fuels. The research universities are working tirelessly and corporate leaders are pumping huge amount for future fuel technologies.
We all know oil is made up of fossilized remains of ancient marine plants and animals, we also know this process takes millions of years to convert fossil into crude oil. The problem is there is a long process to get oil, where as demand for consumption is growing every minute in leaps and bounds.
Now the big question is, where do we stand if we run out oil. Already signs are not good. Refineries are running at high out put still not able to keep consumption requirements, Some of the oil rigs are running dry, sure signs of bad days. Some of the oil regions are involved in long conflict, resulting into delay and short supplies. Bottom line we no longer can depend upon on oil as major energy source.
Another factor, why alternate technologies for fuel are being pursued is the risk to environment. The most damage to earth has happened in last century, with explosion of industrial revolution and expansion of industries across all fields has created tremendous impact on global warming. People are able to see changes in environment, changing weather patterns, too much or no rain in different part of world, temperature soaring and glaciers shrinking all are signs of global warming.
The future needs are not only alternate fuel to gasoline but the future fuel has to be clean and no hazard to environment, unlike oil which creates greenhouse gases a prime reason of global warming. The next fuel will be clean, environment friendly, cheap and will be available in all countries. One more thing next generation fuel will help in reducing the tension among nations fighting for oil share.
The emerging economies China, India and Mexico are buying or leasing oil fields in Asia, Africa and Europe to keep their counties interest intact. The developed countries are busy in filling their oil reserves to safe guard national reserves. All this fight for oil and fierce competition among nation is bound to create conflict and war. The next generation fuel not only will help in reducing consumption demand but also help in keeping peace in world.
Now we have talked in length about the current issues related in respect to gap in demand supply of oil. Let’s look at alternate fuels available and which one are in research. Read more on Green Energies ”http://www.fueltoburn.com/”
