This is genesis of the end for dependence on oil economies. An era in which, environment for energy innovation has ripen. Every single human being has started thinking about fuel and its impact on him, whether direct or indirect. This is I think, nature of mankind that they start thinking wholeheartedly for themselves only at time when they come under extreme. Though extreme has not come yet, But they have started smelling it. Yes, you are right; I am talking about crude oil and its implications on mankind. Well some may say that oil economies have not started thinking about it. Sorry to say this, but you are wrong. They have smelt it in same sense as we have. They have started investing in other sources of income for themselves. You can see it with your naked eyes in Arabian countries specially Dubai, which is hotbed of all Arabs investment experiments. Sheikhs are buying farm lands in Asian countries for their food security. Hmm necessity is mother of invention.
Energy security, inflation and slowing down of global growth has collectively attributed to this phenomenon. Well, this is blessing in disguise and Knee-jerk for economies which are solely living on burning crude oil. Analyst predicting crude oil $150-$200-$250 so on and our hearts are sinking. What will happen now, Speculators, Arabs, OPEC or US Whosoever may be responsible for this, I would say this is genesis of the end, crude oil may see. The speed of increasing oil prices will be directly proportional to the innovation of new energy sources. Bio-fuel or nuclear energy might not be that much safer option for our planet and our well being. For the time being these are our compulsions. But, I may say compulsions always bring new ways to deal with complex problems.
Now, time has come when innovation will take place at take off speed. Human brain will start working with vigor and it would be most valuable invention of mankind for the centuries and generations to come. We are most fortunate generation which will see this transition. Many models will start coming from many directions and after many failures, there would be one, which would be widely acknowledged. It’s just like 1908 when T-Model was launched by Henry Ford. Revolution was started in automobile industry. Same type of revolution of hydrogen would be seen as demise of crude oil. Honda has shown the way ahead by launching new hybrid vehicle this is small step for the giant leap. This shows us that the days of crude oil hegemony as energy major are numbered. Hybrid vehicle will change the game forever. I am sure in next decade or so we may see hydrogen as source of energy which would be safe and secure for our planet also.
Thursday, June 19, 2008
Subscribe to:
Posts (Atom)