posted by Admin on Jun 18
By Amit Kheterpal
Oil they say is the major driver of the world and that is no doubt about the veracity of that statement. Oil is one resource which has truly revolutionized the world and it has been the object of wars even.
Oil is a finite resource of energy and we cannot say that it will be there forever. Oil is formed in the earth’s bowels and it takes millions of years for the oil to be in a stage where it can be extracted.
The major oil exporting countries have become rich because of oil found in their estates. They usually keep the supply less than the demand so that the prices are high. But that is their motive. The major thing to worry is not the costly but the fact that the oil will get depleted very fast and it is not replenished at the speed at which it is being depleted.
The major source of consumption of oil is the automobiles and if you see the automobiles on the road in the past few years the number have grown tremendously. The availability of finance to own the automobiles have led to mushrooming growth in the automobile sector but has also led to major consumption of petroleum and its derivatives.
Of late however experts have been warning about the over dependence of oil as well as the depletion of major reserves of oil. This has instigated major governments all over the world to initiate developmental programs for alternative sources of energy.
Automobile companies all over the world have been putting money in to the research so that they can have cars which can run on electricity or with hydrogen fuel cells. This is easier said than done. The alternative fuel acres which have come into the market are very expensive and yet to become a mass medium of transport.
Power generation has also found success in wind farms generating power as well as nuclear power plants.
Some governments and city councils have been more proactive than the others and they have initiated a green day or a no car to work day. At least for one day the consumption of petrol will come down. A big thing if you estimate the number of cars and the amount of gas they consume.
Hopefully all these steps will help us prevent the day which we all dread which is that there will be no oil to drill.
The author has a blog for diamond drill bit and also writes about special things in her life











