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What? No more oil? How will we find our way at night? How will we heat our homes? Will we be doomed in eternal darkness? These were common apprehensions raised in the middle of the 19th century

Not only was it cheaper than its counterparts, but being a heavily concentrated source of energy, it was also more efficient and easier to transport. Most, if not all industrial processes, began to structure themselves around the use of oil and access to it. Oil has been the cause for some of the most radical economic and political transformations in human history. Of course, had it not been for oil, the Middle East would not be of such global importance and a focal point for tensions, nor would the economies of the Arabian Gulf have grown so quickly.

Oil pessimists explain that given its finite nature, the world