Peak Oil – Is There Light?

For over 100 years we have relied on oil as a cheap, dense and portable form of . Many advances such as plastics, ink, medicine, fertilizer, crayons, bubble gum, soup, glass and tires are heavily dependent on cheap oil. There is only a finite supply of oil in the world, and demand is increasing as the third world industrializes.

Peak oil, in a way, has already come: many countries and many production techniques have peaked, fortunately as demand has increased so has technology and our willingness to explore across the globe for new pockets. We’ve had to dig deeper and get creative in squeezing oil out of unconventional sources. There are still sources to tap, they’re dirtier, offer lower returns on invested and much harder to get at but they’re there. Unfortunately, the oil will eventually become too expensive and too sparse to viably meet our current demands and then we’ll need something new. Here’s our review on the subject.

peak oil
CarSort’s Peak Oil Infographic

Check Also

offshore wind energy

Offshore wind industry poised for growth, but economic pressures and tech innovation need to be managed

  In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth …

Leave a Reply