The Obsolescence of Oil As We Live Out the Current Technology Wave

9 Sep 2017   Peak Oil

With every new green announcement on the global technology stage we get propelled further into a reality where oil may no longer be dominant. Whether its France and India committing to phase out gas powered cars, Tesla’s quest to revolutionize the global perception of renewable energy cars or the increasing rate at which many of the earth’s inhabitants are being displaced from their habitat, the moral, health, economic and ecological arguments seem to be gaining traction after decades at the fringes. The importance of oil may endure the same fate that coal did at the turn of the 21st century. While it’s arguable that oil still has a role to play in the markets for a long time coming, when countries such as India (Nigeria’s largest oil patron) set policies to cut oil receipts by half by 2030, then it explicitly highlights the energy direction of these countries in […]

Comments are closed.