May 31, 2023
Oil and Natural Gas Almost End 2030 by APJ Abul Kalam

Oil and Natural Gas Almost End 2030 by APJ Abul Kalam

Oil and Natural Gas Almost End 2030 by APJ Abul Kalam: Oil prices are plunging on supply worries and demand from China. Is this the end of the oil and natural gas boom?- Oil prices have plunged almost to $45 a barrel, down from highs above $100. It’s the first time in 14 years that oil has fallen below $50 a barrel. Is this the end of the oil and natural gas boom?- What’s driving oil prices? This article examines the recent plunge in oil prices and why it’s happening.

In a speech at the 90 Science Congress, Internationally acknowledged scientist and
former president APJ Abul Kalam mentioned a very important aspect of mankind’s
future energy crisis. He pointed out that the era of wood and bio-mass has almost come
to end.

The age of Oil and Natural gas would soon be over within the next few decades. Massive
burning of world’s coal reserves may lead to a worldwide ecological disaster because
coal burning emits the highest amount of carbon in the atmosphere.

Ukraine’s (former Soviet Union) Chernobyl disaster in 1986 has exposed that unclear energy can be
potentially dangerous too. So according to Kalam, the only solution that mankind can
look to is massive use of solar energy in future because it has some advantages over
other forms of renewable energies.

Now why has Kalam put so much importance on the issue of energy? The energy sources have always been major factor of change throughout history. The world’s petroleum consumption has increased
from annually 3 billon barrels in 1930 to annually 50 billion barrels today.

That Times economical position

In the next quarter century , the world’s population is expected to be about 8 billion which is 30 percent higher than today. Developing countries will grow their economics about two times faster than industrialized countries . Global economics growth is expected to continue at 3 percent per year.
Consequently , the global demand for energy will grow at about 1.7 percent per year on an average. It indicates a 50 percent rise of energy consumption by 2030.

If the world’s daily petroleum consumption is 220 million barrels now, it will rise to 335 million barrels
by that time . The present reserve of hydro-carbon energy resources is limited Ans it will not be
sufficient to meet the future energy challenges of the world . And hence, leading industrial countries
have taken initiatives to tap alternative energy sources mainly known as green or renewable energy
sources. The bottom line of Khalam’s speech indicated that the concern of mankind in the 21st century.

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