Planet Earth’s Reserves

Fossil fuels are currently the most consumed fuels on our planet and are the backbone of society as we now know it today. The use of coal as a fuel predates recorded history however, It was the commercial use of petroleum in the 19th Century which led to great advancements in our social infrastructure. Our planet is a huge ball of energy. It has limitless untapped potential. It is an intricate system of energy resources offering sustainable energy solutions and it’s up to instate those solutions in a way that serves us today, delivers on energy demand, and is sustainable for future demand.

Energy Everywhere

Energy is in everything! Einstein concluded that, “energy can never be lost or created, matter is energy and energy is matter.” This statement is of profound insight and yet, Einstein hasn’t been the only one to recognize this universal truth. Those who create sustainable energy efforts, see it this way and understand the continuous never ending flow of energy.
We foresee that our fuel sources will change and advance as we embrace new energy solutions. The situation we face in modern society is not a question of our fuel resources but rather our exploitation of them. What we are witnessing is pollution of the planet and how it effects our intentions, which in-turn effects our economy.

Life of Energy

In the upstream energy sector field data is being frantically collected to estimate the life of our gas and oil fields across the globe. With tomorrow’s world in mind we recognize the need to conserve energy resources for future generations. But, here at the Oil and Gas Magazine we believe that world energy is limitless with the use of strategic sustainable methods infinite. Cleaner, easily available and highly productive sources of fuel are right at our fingertips. New business ventures are happening now. Many projects developing across the globe are in-tune with new paradigms and higher ideals.

World Oil Reserves by Region

Here in the Middle East we are happy to be home to the first ever non-carbon city: Masdar (www.masdarcity. ae). Masdar is truly an energy advancement of the highest magnitude, not in theory but in reality.

According to Global Energy Consumption tally’s, the total crude oil production given on January 1, 2009, was 1,342.207 bn bbl. Petroleum totalled close to 40% of global primary energy consumption, and natural gas 22%. Natural gas advocates say that increased use of gas would mean a cleaner environment and less dependence on oil. According to ‘The Renewables 2010 Global Status Report,’ global renewable energy grew at rates of 10-60% annually for many technologies during the five-year period from the end of 2004 through 2009. In 2008 renewable energy sources used was 19% of total global energy consumption.

Most nations around the globe are now recognizing the importance of new-age fuel. Britain’s Energy Secretary Chris Huhne, whilst delivering the annual energy statement, laid out 32 actions being taken by the British Government to accelerate the transformation of the commercial fuel system, in support of the 2050 target to reduce carbon emissions by 80%. President Obama’s final stimulus package of 2009, gave a provision of $6 billion in loan guarantees for renewable energy projects. In a recent speech on energy and the environment, the president stated, “Each of us has a part to play in a new future that will benefit all of us. As we recover from this recession, the transition to clean energy has the potential to grow our economy and create millions of jobs -– but only if we accelerate that transition. Only if we seize the moment. And only if we rally together and act as one nation –- workers and entrepreneurs; scientists and citizens; the public and private sectors.

”Fuel For The Future”

The problem we are facing today as planetary pollution, lack of fuel reserves and natural resources, has brought our corporate consciousness into the limelight. It is now becoming a test of our entrepreneurship, and creative mindset, as to how we will build a sustainable economy. Many steps are being taken to overcome the energy challenges of our time. At the World Future Energy Summit, in Abu Dhabi, Jan, 2010, the greatest minds on earth gather to share, create and revolutionize the way we develop energy. As we revolutionize our ideals, so will our markets, industry and companies, become a great asset to us, our loved ones, and the world. The fuel of the future is positive and creative thinking, corporate consciousness, and leadership at the level of every individual in creating a new energy world.