Petroleum, the Triple Threat to World Economies

economy

The world economies are facing a triple threat. The oil reserves are close to emptying by the year 2050. The damage from climate change caused by intensifying emissions of greenhouse gases will become considerable. The rising costs of the food and transport means delaying the economic growth rates. The results will lead to economic stagnation worldwide without hope for the escape or reversal. The future generations will pay dearly failure of previous governments to eliminate emissions of carbon dioxide and changing global energy supplies. Our dependence on fossil fuels must be completely finished in three – or next four decades the world self-destruct. Let 's us look at the facts leading to these conclusions appalling. Statements about the reserves of oil were dubious in the past. In 2007, the figures are lower in the range of 1 – 1.3 trillion barrels. A figure as high as 2.3 trillion barrels has been proposed but not find many supporters, not even in the oil industry. At the 2006 rate of oil consumption of 31 one billion barrels a year, these reserves could last 32 to 74 years. These figures are often cited but are much too high because the annual oil consumption is increasing continuously. The growth rate is around 2% per year. Proiettando development constant year 2050, the real consumption is going to be 60% higher. This increases the average rate of annual consumption between 2006 and 2050 to 50 very realistic one billion barrels a year. The time emptying is reduced to a period of 20 years – 46 years. Very probably, there is neither the unoa nor the other figure correct. However, it is reasonable to assume that a figure between 20 years and 46 years will be more likely. The combustion of 1 – 2.3 trillion barrels of oil will add a large quantity of carbon dioxide to the atmosphere. The amount is 0.42 – 1 trillion tons of carbon dioxide. This will increase the huge mass meeting of carbon dioxide in the atmosphere of 55 to 125 PPM. Only a small percentage of this additional mass will be absorbed in the oceans. Most lead to a significant increase in the atmosphere 'of carbon dioxide to meet s. During the same time, an even greater amount of carbon dioxide add to its accelerante by burning coal and natural gas. There is a direct link between accumulation of carbon dioxide and rising global temperatures. During the past 30 years, this relationship was about 2 degrees C for carbon dioxide of 100 PPM. If we accept this relationship as valid, we are faced with some very ugly numbers. During the 46 years to come, increasing the atmospheric concentration nell'anidride carbon at least 200 PPM. In turn, this increase will cause an increase in global temperatures by 4 degrees C. This means that by the year 2050, the world will have warmed by 5 degrees C! This figure is more realistic forecasts of recent IPCC. The robust development of world economies and increased particularly fast in energy consumption in China and India will lead in energy consumption much higher and a much faster development of greenhouse gases that original foreseen. Two other factors are to accelerate the omission of the Kyoto Protocol perceptible to reduce emissions of greenhouse gases and the decision of USA to delay any countermeasures. In view of developments and real past and future by accepting a realistic perspective, we have to draw different conclusions inevitable. The increase in global temperatures on Earth will become faster, the transport of products and goods get extremely expensive and the effects of global warming on climate change will continue to become more and more destructive. This confluence of future developments will lead inevitably to a threat against all major world economies. Once the world economies are beginning to contrarrsi and sink, national economies can not marshal way longer the necessary resources that could preserve the world. The installation of effective countermeasures will require a minimum time of thirty years. Once economies contract, there will be no resources and no time left to the solutions of the instrument. The world will have lost the ability to install any of the promise as renewable energy technologies, which can produce fuel transport of liquid and electricity without the emission of all greenhouse gases destructive. The world as we know it will cease to exist.

Klaus H Hemsath

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