Dinar Reporter (IQDUSD)

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The imminent end of an era oil

GMT 11:00:00 2008 Saturday, May 3

Economic Saudi

Fahad Ibrahim Alcthrey
Oil prices exceed $ 100 and approached the $ 120 during the past week highlights the question about the possibility of oil prices continued to rise and reached the 200 dollars for example. Everything possible, but what draws attention is the significant acceleration in price increases, which did not exceed the period required by the high price of a barrel of oil at $ 20 months only, while requiring the high price of oil and broken the barrier of $ 100 for dozens of years. This confirms what the many specialists in the economics of the oil that once exceeded the price of a barrel of $ 100 acceleration rise unprecedented. But whenever the price of oil rose to new record level have been useful for us to prepare what is worse, a decline dependence on oil as an energy source and has also accelerated. Where will the demand for alternatives to oil currently available bio-fuels and nuclear energy, hydropower and others. The rise in oil prices to new record levels and encourage many countries to adopt these types of energy for the emergence of economic viability and with its adequacy and independence in the energy field.

Among the most prominent sources, which increasingly rely on bio-fuels now (ethanol) extracted from plants. This source is relied upon heavily in the United States, Europe and even more in Brazil, which is planning to shift to the adoption of macro biofuels. This represents a shift for Brazil's strong support for its economy as it represents a comparative advantage as they are extracting ethanol from sugar cane, which represents the best sources of biofuels. U.S. ethanol extracted from corn production, which represents a comparative advantage there, but much less than ethanol from sugar cane. The increased production of ethanol in the United States from 38 to 154 million barrels between 2000 and 2007 which shows a growing reliance upon a source of energy. The problem that has emerged and will lead to reduced reliance on this type of energy is a big influence in food production, which led to what the world is witnessing a rise in prices of food commodities.

Other sources are also important but each of them either negative effects on the environment or that there were technical problems that impede the process of expanding reliable. For example, solar energy, which is characterized as a renewable source of uncontrolled specific geographic area, and is under the control of any person. But the problem is that the expansion of relying on solar energy relies heavily on progress in photovoltaic cell technology which draw energy. It makes these cells from silicon material, which is widely used in other industries, which means the adoption of this technology on non-renewable source. Nuclear energy problem they do not achieve independence because of the need to import nuclear fuel enriched, characterised by high capital costs and risks of operating large. If so far do not constitute sources of energy such a real threat to oil because it represents the best in the face of the source of energy, but increasingly rely on the feasibility of higher oil prices.

But there is a new source under the experience that he wrote his success will change the face of history and will result in large quantities energy and natural resources available in nature, which is largely hydrogen and the resulting material is a helium, which can be pumped into the air again without causing injury to Environment. The project, which works by Europe 15 years ago a lab physicist is a huge magnetic total length of nearly 27 kilometers and a depth of 100 meters below ground and extends in both the French and Swiss. The idea of trying to project the events of the collision of protons of hydrogen quickly after pumped nearly the speed of light aimed at resolving the most complex puzzles in physics, the so-called dark side of the article and the universe, which constitutes 96 per cent of physics. This experience would be succeeded knowledge of physics into a new phase in full and will lead to a revolution in all scientific fields. One of the most important areas that could be affected by this experience as energy sources is expected to result in very large collision energy can be used as a safe and available energy, which represents a real threat to each other energy sources, primarily the oil. This means that a future alternative to oil during the past 20 next year at the latest, which raises a major question mark about what Seoul to our economic map of the world during the next few decades.

http://www.elaph.com/ElaphWeb/Econom...8/5/327258.htm