When oil and gas runs out

When oil and gas runs out

Baku, Azerbaijan, Dec.24

By Aygun Badalova -Trend:

We live today in a world full of natural resources; those are the basis of our modern life. Everything needed to enjoy the modern concepts of today's technology. The common thread between all these things we use in our daily life f from - from foodstuffs to household goods - are all made possible by fossil fuel.

Fossil fuel includes coal, oil and natural gas.

Most of us who own a car have had the misfortune oat one time or another to run out gas. But would happen when the planet runs out of gas?

There has been much written about what would happen when the world runs out of oil and gas and how the world would cope with that problem. A number of books have been written on the topic and many questions have been asked, and many proposals have been made on how to manage the problem of exhaustion of hydrocarbon resources.

However, a no one can quite imagine the full consequences of such a scenario.

At this point in time, experts estimate that the world's hydrocarbon reserves will last for 100-150. Some people may be misled to believe that time is ample time for humanity to think of some way of resolving the issue.

"This is the problem of the future generations," they may even say. However what is 100, 200 and even 500 years for humanity? This is not as long as it may seem.

The exhaustion of the earth's resources is real and it is happening. The world is inevitably rushing towards this crisis. The question now is how to prepare for it and how to prevent a terrible disaster.

It is not so difficult to conjure images of what may happen in such a situation. Wars for survival, vast migrations, economic collapse, especially in the less developed countries. On the other hand under-developed countries, ironically, have far less to loose and there're fore could find themselves ahead of the starting block.

What to do in order to prevent this all? Most of the countries have already asked this question and are on the way to finding the solution.

The beginning of development of alternative energy sources was a good step forward. Sun, wind, water, plants are perfect sources of energy, which serves not only as alternative to traditional energy sources, but also as a good solution to environmental problems.

The potential of humanity is unlimited. It does not stop finding new sources of energy. There are also some non-standard sources. For example, some of 0India's villages now get biofuel from recycled rice husks. Algae contain large amounts of fatty molecules that can be extracted and converted into biodiesel. And that is only several examples among countless numbers.

However just developing alternative energy sources is not enough. People should learn to use resources efficiently. Thanks to new technologies humanity has got an access to natural resources, which, as we said before are not eternal. But irrational and careless use of these resources may cause irretrievable consequences.

Energy efficiency is one of the best ways to save the world's energy resources as well as to reduce pollution.

Today there are a number of countries which remain dependent on oil. Their economic situation as well as their people's living standards relies on oil revenues. And that is mostly concerned to Arab countries. In case of such countries, the best way for them to prevent negative consequences of resources exhaustion crisis is to diversify its economy and develop non-oil sectors, such as tourism or agriculture.

By doing all this people can save the world from crisis. Only rational use of resources that is given to us by nature and living in the harmony with it will enable the world and the humanity to prosper.

The power of the nature is boundless. It gives us all its richness, and the question is how to use it without damaging.

Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Iran's Energy Exchange announces products to be on sale on April 21
Iran's Energy Exchange announces products to be on sale on April 21
Number of oil, gas wells drilled in Iran revealed
Number of oil, gas wells drilled in Iran revealed
Loading Bars
Latest
Prices for summer cottages, private houses increase in Baku
Number of client accounts in Azerbaijani banks increasing
Uzbekistan’s 1Q2021 export of fruit and vegetable products slightly down
Azerbaijan's National Depository Center talks another interest payment on SOCAR bonds
Karabakh suffered from Armenian occupation for nearly 3 decades - Turkish MP
Search for missing servicemen continues – Azerbaijani Military Prosecutor's Office
Armenia doesn't comply with clause of Nov.10 statement on restoration of economic and transport ties – Azernews
Support to Eastern Partnership states - key pillar for European Council, Charles Michel says
Azerbaijan joins initiative of single roaming space between Eastern Partnership countries
Turkish Airlines receives permission to operate flights to number of Uzbek cities
Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Kazakhstan's revenues from maritime cargo transport surge
High freight rates significantly raise global prices of commercial ships
Central Bank of Iran allocates funds for import of vaccines
Iran's Energy Exchange announces products to be on sale on April 21
Geostat reveals Producer Price Indices for services in Georgia
Turkmenistan boosts imports of Turkish-made chemicals
Uzbekistan, France agree on deepening interaction in textile industry
Boeing CFO Smith to retire in July
Georgia increase tea import from Azerbaijan
Czech Development Agency talks projects in Georgia
Georgia sees increase in Export Price Index
Domestic Producer Price Index for Industrial Products up in Georgia
Number of oil, gas wells drilled in Iran revealed
Kazakhstan's exports to Bulgaria plummet
Iran's Esfarayen Industrial Complex to increase exports
Azerbaijani payment system to offer instant digital banking cards
Russian iron and steel works company reveals supplies of metal production to Uzbekistan
Baku Higher Oil School organized a webinar on the topic 'Higher Education and Research in the Post-COVID Period' (PHOTO)
PACE can offer support for establishment of lasting peace in South Caucasus - SecGen
Israel's government debt jumped to nearly NIS 1t in 2020
TAP’s gas deliveries for Q1 2021 disclosed
Swiss investments in Azerbaijan concentrated in non-oil sector – Swiss ministry
Azerbaijan names number of vaccinated citizens
Iran to receive vaccine through COVAX
Iran increases salaries for army personnel
Producer Price Index for Industrial Products up in Georgia
Iranian private sector to import 6 million doses of COVID-19 vaccine
Iran to implement extensive and maximum vaccination plan - President Rouhani
Budget provides continued support to Georgian economy - IMF mission
Azerbaijan confirms 2,197 more COVID-19 cases, 1,946 recoveries
Georgia sees decrease in external debt
Pakistan always supports Azerbaijan's just position - Pakistani Admiral
Bahar Azadi gold coin price still falling in Iran
Chairman of Iran Tea Organization talks about tea growing
Russia ready to help Kazakhstan in construction of nuclear power plant
Israeli journalists visit roadside inn in Azerbaijan’s Fuzuli, turned into barn by Armenians during occupation (PHOTO)
Uzbekistan taking additional measures to develop karakul sheep breeding
US company to build cannabis farm in Uzbekistan
France’s Orano to develop new mining sector in Kazakhstan
National Bank of Georgia remains focused on achieving its inflation target
Azerbaijan's International Bank discloses 1Q2021 net profit
Turkmenistan joins WIPO Patent Law Treaty
Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Electricity generation of Iran's hydroelectric power plants to decline
Azerbaijan's 1Q2021 polyethylene production slightly down
Russian Railways to build high-speed railway entries to Moscow, St. Petersburg by 2024
UAE central bank extends some stimulus measures until mid-2022
President Aliyev interviewed by Azerbaijan Television (PHOTO)
Important to observe int’l law to avoid such conflicts as Karabakh one in future - Chancellor of Germany
UK eases post-Brexit controls on vehicles taking goods to the EU
PayPal's Venmo launches crypto buying and selling
Iran's shares data on sale of public assets
President Ilham Aliyev attends inauguration of Azersun Shamakhi Agropark in Hajigabul (PHOTO)
Iran expects revival of JCPOA in short term
Liabilities of International Bank of Azerbaijan increase
Sinovac supplied 260 mln COVID-19 vaccine doses globally
Azerbaijan names number of foreign visitors in 1Q2021
Elbit Systems awarded $41m US Marines night vision deal
Price of wheat purchased from farmers in Iran increases
President Ilham Aliyev launches 110/35/10 Kv “Garasu” substation in Hajiqabul (PHOTO)
Baku-Tbilisi-Ceyhan’s oil transportation to Turkey down y-o-y
Kazakh oilfield construction company opens tender to buy pipes
SOCAR sums up Kulevi oil terminal’s Q1 2020 performance
Total assets of International Bank of Azerbaijan increase
Iran declares value of exports from cooperative enterprises in Razavi Khorasan Province
Uzbekistan plans introducing charter flights to popular destinations
Companies from Russia’s Smolensk begin to export products to Azerbaijan
Iran reveals COVID-19 data for April 20
Amount of registered Iranian companies in Turkey down
Khazar Consortium in Turkmenistan opens tender for equipment purchase
Azerbaijani banks' foreign currency demand disclosed
Border checkpoint between Iran, Pakistan to be opened
SOCAR’s petrochemical complex to significantly increase sales – Yapi Kredi
French EDF eyes building pumped-storage power plant in Uzbekistan
Turkmenistan's Turkmenhimiya extends tender for turnkey plant construction
Major Iranian companies boost iron ore pellets production
India hopeful US will soon end curbs on Covid vaccine raw materials export
BRO upgrades crucial 110 feet long bridge on India's Leh-Sarchu Road in 8 days
73,600 Covid vaccination centres operational in India on Monday, highest till date
J&J Seeks India's Permission For Phase 3 Trial Of 1-Shot Vaccine: Report
IAF chief RKS Bhadauria visits France as Rafale deliveries gain pace
Covid-19 vaccines for all adults in India from May 1, says Centre
Solar panel stations launched in Iran
Azerbaijan sees surge in 1Q2021 manufacturing of tobacco products
Kazakhstan boosts trade turnover volume with Austria
Yapi Kredi reveals forecasts for SOCAR’s Petkim
EAM Jaishankar speaks to US Secretary of State, exchanges views on Covid, UNSC agenda
Iran sees increase in car manufacturing
Azerbaijan issues data on 1Q2021 oil exports to India
All news