By 2018 the demand for oil will exceed the supply!

Oil will break USD$200 per barrel by 2014!

The age of cheap oil is long over.

That means even bigger wages for those working in the industry. It does also mean that money will pour into alternatives. Market forces will try to find other ways. However, only when the alternatives become really strong will the oil industry companies and employees stop vigorously rubbing their hands. That will not happen for some time to come.

Exciting Times Ahead

The future for the oil industry is black! Blacker than black. Lots and lots of black, black gold! Just like the past. Don't believe the hype that the prices of fuel are high because supplies of oil are running out. They are not. The prices of oil are high because that makes more money for all the companies. It's not quite that simple but the price has nothing to do with current supply.

Take the long established UK North Sea sector for example. Initial estimates were that the oil would run dry in 1995! Well all this time after that year they still haven't taken even half the oil from the fields they know about. So why was the initial estimate 1995 when it should have been much later. In fact every decade that goes by the end of the oil date moves on roughly about the same time or more. Some estimates put North Sea oil running out in 2095!

So with all this talk of environmental energy solutions, clean fuel, electric vehicles and all things greener than oil (which pretty much means everything), what does the future hold for the industry? Read on.

Leave a Reply.

Leave a Reply :- Name (Optional) Country/Location (Optional) Website (URL)(Optional) * Comments (Required)