The French energy multinational TOTAL, as the
first company group of its branch, publicly
acknowledged in June 2008 that worldwide oil production is
already soon to be reaching its limits and therewith setting
new benchmarks. The future belongs to suppliers of renewable
energies. It is not difficult to figure out what we will be
faced with when the oil production can no longer be
augmented on the part of OPEC, while the demand is
simultaneously increasing at an above average rate. How long
will the oil reserves actually suffice?
Research by the international
energy agency IEA arrived at alarming results. The chief
economist of IEA declared in an interview "We have
considered all new oil production projects worldwide, a
total of 230. Even if we were able to realise all of these
already financed projects in the coming years, the total
capacity they could bring to new oil production is too
little. According to this, by the year 2015 - in a mere 4
years - around 15% of the world’s demand for oil could no
longer be covered.
The future, in any event, means rethinking.