Whats the lowestgas prices you've seen in a while? The highest? The theroy in the year 2050 well have run out of natural recources. Or will we have invented something to replace it. Please Register or Log in to view the hidden image!
The world has plenty of natural crude reserves, we just havent found them yet. The existing oil reserves such as Texas and Alaska or indeed the entire researve of america has peaked, that is to say production is slowing down because most of the oil has been used up. When the world reserves peaks then we need to start worrying which will be along time away, but experts estimate that we could see a world peak as early as 2006 and as late as 2040. To say that the world will run out of oil in 2050 is abit pessimistic, the world has plenty of alternative oil resources such as tar sands which we can extract crude from, but like the oil feilds we are finding nowadays its a costly excercise and extracting crude from tar sands is devestating to the environment. Of course, political environments in the middle east and else where such as Venezuela will help to keep their oil high and with the growing consumption of America and China, I think we have seen the end of cheap oil. Hydrogen is the only alternative I can think of that will replace petrol, because if we are being realistic, natural gas will also run out some day. For power stations, solar, hydroelectric and wind power are the only alternatives available since noone likes nuclear but many oppose wind farms because they dont look to good to our landscape. In Scotland, we could be making a fortune from hydroelectric and windfarms but because of anti-renewable energy pressure groups and a weak government we are not taking advantage of the opportunity to be providing europe with natural energy as scotland is ridden with valleys and glens as well as alot of wind. Everyone is dependant on oil and I think itll take the peak in world production to slap everyones face for a wake up call.
