$200 Oil Is a Very Real Possibility

A decade or so ago, sustainable energy was thought more in terms of availability relative to the rate of use.

In today


Currently, the subject of resource sustainability ranks the highest on the world agenda and remains directed at a very critical question. How will the developing countries, including the emerging markets of India and China (which alone constitute 40% of humanity and are fast advancing economically), meet their rapidly intensifying energy needs?

The world presently consumes energy at a steady 15 trillion watts, 86.5% of which comes from burning fossil fuels. By 2050, experts expect demand to increase by another 30 trillion watts. For those aware of the real state of our global energy situation – the next logical question would be : Where is this oil going to come from?!

The sad reality is that despite all the spin and hype about oil, limited supplies of oil simply can not keep up with soaring global demand. During fiscal