Here's the thing.
The world has only discovered less than 20% of the Energy that is to be found and developed. Almost every day there are announcements of new discoveries, all around the word.
Add to this the fact that only 65 countries (out of over 200) have even attempted any discovery research.
That every time we find out-of-the-way discoveries (Lake Maricaibo) it makes us wonder why more hasn't been discovered, and that geological evidence RIGHT NOW points to attractive prospects that may be more difficult to get to and develop, but hold many times the totals of world energy reserves known as of today.
Consider that even as populations grow and demand increases through industrialization of developing countries, Alternative Energy may have attained some momentum.
If so, the numbers point to a "tipping point" between Alternative Energy cost of development and "manufacturing" and a comparative cost for fossil fuels.
A shortage of fossil-derived sources can only lead to more demand for alternatives.
We are not so far from that tipping point, and that implies that momentum is shifting in favor of alternatives that will at least act as a brake on the prices of fossil fuels.
That has great implications for the Forecasts.
No comments:
Post a Comment