Will we meet our collective World energy demand, predicted to increase by more than 5o per cent, in the next two decades? Will the world have energy resources to maintain the current rate of growth given …
P The inclination to nationalize oil companies
P Huge investments required for energy infrastructure
P Political instability in oil producing regions

Are Alternative Energies the only way out of this global predicament???

Sign Posts:
P Daily demand for Oil projected to increase by 35 million barrels per day by 2030.
P Increases in oil demands will come from emerging economies of Asia and Africa
P Global move to diversify energy sources and reduce reliance on conventional liquids and gas – through increasing production of bio-fuels, oil sands, ultra-heavy oil etc.
P A large majority 62% of oil reserves remain concentrated in the OPEC Middles East states.
Drivers:
P Last Oil reserves found in 1967, since then only smaller reserves have been found. Evidence that oil reserves have already reached their peak and begun a decline in production due to maturing of their fields.
P It is estimated that total investment worth $20 trillion is required by 2030 to feed the world demand for energy. Of this $4 trillion is required for the Oil sector
Impact:
P Disruptions in oil and natural gas prices and supplies
P Formation of new trade cartels or geopolitical blocs, oil and gas hegemonies
P Threats of attacks on energy resources or infrastructure
P Spurred investment and development on alternative energies, energy efficient technologies to reduce reliance on oil producing countries.