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Is it time for something new?

New here would be completely new or something we overlooked along our way to the riches. This is on the world without oil. It is not just oil but everything related to oil. Crude Oil & Petroleum industry had made lot of people & countries what they are today. The whole world seems to be run by crude oil price including the share market, inflation, deflation & foreign reserves and much much more. Do you think without oil will it all get to a dead-end?

I will leave it to you to get to know the chemistry of the hydrocarbons inside the oil but let's discuss on the economics of it. The pricing references of crude oil is based on the place where it is mined from. For e.g. North America, Europe, Africa, Middle-east, Dubai, Oman, Malaysia, Indonesia & some other OPEC countries. Oil always brought power to nations since its use was in various industries in multitudinous forms. Some of its uses are as fuels, lubricants, wax, coke & agriculture.

Based on Consumption of Oil, US leads the world followed by China, Japan, India and Russia in that order. Production of Oil is led by Saudi Arabia followed by Russia, US, Iran & China. US being the largest consumer of Oil the export is very few from US. The export charts shows Saudi Arabia as the king of oil exports with Russia, Norway, Iran & UAE far behind them. The worlds leading importers of Oil is again US, Japan, China, Germany & South Korea.

Oil extraction is considered as a process which has lot of negatives in it including pollution and also the infrequent spill which kills a whole world under water. Based on what Science had told us, Oil is a fossil-fuel. Which of course is not forever. Are we ready to face a world without Oil? What would be the world without Oil? What are the options we have? Right now very few but as the world found use of Oil to throw away the old horse carts which produced more stuck traffics and environment pollution we believe we would find something else this time.

Today's world had been after different technologies and concepts for a Oil free world. Forget about what will happen to the people of all those Oil rich wealthy lands which itself is a different story. New world is trying to make use of wind to harvest the power of nature to create energy. This technology cannot feed the world for its needs to substitute oil because it is profoundly dependent on geography. Hydrogen seems to be costly option as well. We still need to go a long way to either get rid of Oil completely or make more man made Oil.

Maybe a time will come when man will learn to make more OIL from OIL in our school chemistry labs and hope those days are not very far.
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