Financial Ages logo

Petroleum, the Triple Threat to World Economies

By admin on Saturday, 7th November 2009

Triple threat facing the world economy. The oil reserves have been nearly depleted by 2050. By the increase in greenhouse gas emissions caused by climate change will be enormous damage. Higher transport costs and food will reduce economic growth. As a result of economic stagnation throughout the world, there is no hope of escape or reversal.
That future generations will pay a heavy price for the past, the failure of governments to eliminate carbon dioxide emissions, and to change the world energy supply. Our dependence on fossil fuels, must be fully completed in the next three or four decades, otherwise the world will destroy itself.
We will research has led to the conclusions of these appalling facts.
Statement on the oil reserves being questioned in the past. In 2007, the lowest number, is the 1 to 1. 3 trillion barrels. A up to 2 high figure. 3 trillion barrels of the proposal, but will not find many supporters in the oil industry, and even.
In 2006, 3.1 billion barrels of oil consumption rate, these reserves will last 32-74 years of age. These figures are often cited, but too high, as each year's oil consumption has steadily increased. This growth rate is about 2% per annum. By 2050, the continuous development of the actual consumption will be higher than 60%. This has increased from 2006 to 2050 the average annual consumption for each of a very realistic 500.00 million barrels. Exhaustion time reduced to 20-year time interval for 46 years. Most likely, both figures are correct. However, it is reasonable to assume that, between 20 and 46 years will be more likely.
A burning 2. 3 trillion barrels of crude oil added to the carbon dioxide in the atmosphere great. The amount of 0. 42-1000000000 tons of carbon dioxide. This huge increase of 55 large-scale carbon dioxide levels in the atmosphere 125 parts per million. Only a small portion of the added mass will be absorbed into the oceans. Most of carbon dioxide in the atmosphere will lead to greatly increased levels of carbon dioxide.
At the same time, a larger amount of carbon dioxide into the atmosphere will be added to speed up coal and natural gas.
Exists between the accumulation of carbon dioxide and global temperature increase of a direct connection. In the past 30 years, this association is 100 ppm of carbon dioxide is about every 2 ℃. If this association is accepted as valid, we encountered some very ugly figures. Over the next 46 years, we will add at least 200 ppm of atmospheric carbon dioxide concentration. In turn, this growth will lead to global temperature increase of 4 degrees C. This means that, in 2050, the world has passed the 5 ℃ warm! This figure is more realistic than the previous IPCC projections.
The world's strong economic growth and energy consumption of China and India, rapid growth, especially in much higher power consumption and faster growth of greenhouse gases than originally planned. Two are not significantly speed up the Kyoto Protocol to reduce greenhouse gas emissions, the United States, the determinants of delay in response.
In genuine acceptance of past trends and future reality, we need to learn a few inescapable conclusions. To increase the temperature of the Earth will become faster, raw materials and goods would be very expensive, the impact of climate change and global warming has become more and more and more destructive. The future development of this convergence will inevitably lead to a major threat to the world economy.
Once the world economy began to shrink, the collapse of the national economy can no longer be sealed, it is possible to save the world, the necessary resources. To take effective measures to require the installation of the lowest in 30 years. Once a contract is the economy, there is no resources or time to implement solutions.
The world has lost the prospect can be installed does not produce greenhouse gas emissions from electricity and liquid fuel transportation capacity of renewable energy technologies, some of the destructive. The world as we know it will cease to exist.

Tags: , , , , , ,

READERS COMMENTS




Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

RELATED NEWS

LATEST HEADLINES

Tax Break For Businesses

Tax Break For Businesses      ANNAPOLIS, Md. – State senators are also backing

UK unemployment edges down in January quarter

UK unemployment edges down in January quarter UK unemployment rate dips to 7.8 percent in 3 months to January Read more on Bay News 9 Tampa Bay

China Ritar Power Corp. Joins China Overseas Listed Corporations Association

China Ritar Power Corp. Joins China Overseas Listed Corporations Association China Ritar Power

Singapore Exchange to start coffee futures in April

Singapore Exchange to start coffee futures in April SINGAPORE,

Family hoping for answers in 11-year-old’s sudden death

Family hoping for answers in 11-year-old’s sudden death Staff

Strides to use licencing income, loan for buyouts

Strides to use licencing income, loan for buyouts Strides

Powered by Yahoo! Answers

SEO Powered by Platinum SEO from Techblissonline