The Future of Fossil Fuels – Is it Boom or Bust?
Apr 26
The favorite fossil fuel of the world has been oil, and since the 1960s its consumption in our world has only continued to grow. Giant oil companies refuse to accept any evidence of the fossil fuel global warming connection, continuing to secure more undiscovered reserves. It may seem obvious that with the looming dangers of global warming and the oil consumption hitting its peaks that the world would try to get away from using fossil fuels. But the statistics and predictions tell us otherwise. The future of fossil fuels doesn’t show any signs of reduction in use, and, if anything, it will only increase.
According to the IEA – the International Energy Agency – the average consumption of energy all across the globe will keep on increasing at a rate of about 2 percent per year. If the 2 percent per year increase persists, this means that in 35 years the global energy consumption will double! So, to put these numbers in perspective, the total energy consumption across the globe will be twice as high in the year 2040 as it was in the year 2007. And that is an astronomical increase!
If we want to even begin to mitigate the harmful effects of global warming, we must reduce of use of fossil fuels in the future as much as we can. As we already mentioned, the energy consumption, going at the current rate, will double in 35 years, and the only way we can stop the effects of global warming is by making a worldwide effort to drastically reduce our consumption of fossil fuels in the future, preferably within the next 10-15 years. We simply cannot afford to live out the scenario predicted by the IEA.
For more information, go to:
http://www.eia.doe.gov/oiaf/ieo/highlights.html
http://en.wikipedia.org/wiki/Fossil_fuel
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