Demand Will Outstrip Supply
- The phenomenal growth in global population will continue to place increased demands on the global energy markets.
- Unprecedented growth in both China and India will, when added to existing demands, place an enormous strain on the oil market.
- Both of these markets need to provide annual growth rates of over 8% just in order to provide jobs for the tens of millions joining the workforce each year.*
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'Traditional' Sources Will Not Be Enough
- Fossil fuels are non-renewable. By definition, we will, at some juncture, run out of these sources of energy.
- LONG before that happens, their scarcity would push up the prices.
- The unprecedented growth in global population and industrialization exacerbates this problem.
- There is an URGENT need to supplement existing fossil fuel sources with alternatives.
- If environmental concerns are to be believed, this must happen NOW.
- Irrespective of environmental concerns, economic impacts of oil over $200 would be catastrophic.
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