Oil Sands . . . . . .

Oil reserves that are being sucked on a daily basis have reached critical levels with oil rigs reaching maximum production capacity and with the uncertainty that the supply line can keep the machines of the world running from the period of 2015 up to 2030.

Economists and other experts have predicted that the oil in the Middle East will soon dry up, pushing oil prices to record highs and eventually triggering a global recession. The robust growth of the world economy will never be enough to cushion the effect of a global meltdown led by the falling inventories of crude and the rising demand for oil in the world market.

In line with this, the only way I can see that will keep the market stable is if one, other supply sources where discovered and two, consumption of oil lessens. Definitely, we cannot tell the citizens of the world to stop using their cars, companies to halt manufacturing operations and countries to hold the development of their industries. We can only suggest ways on how to conserve and maximize the use of these energy sources. However, with the current state of the world, I doubt it if anyone will listen.

The only solution left, which is the most applicable one, is for companies to look for alternative sources of fuel and develop new supply lines to ensure the continued flow of energy resources. From this, the use of oil sands stemmed out. Although it is much more expensive to produce oil from this source rather than drilling it, companies are now allocating their capital to the region where this energy supply can be found. It requires oil giants to invest a minimum of $ 15 billion dollars to look for an alternative to the oil fields in the Middle East. Their response, its all worth it.

Soon, the main energy supply line of the world will no longer be the desert and sands of Alibaba. The industry will soon focus its attention from the hot and humid deserts of the cactus laiden countries in the Middle East, to the cold and breezy temperature of Canada and Russia. It is inevitable that they look for new sources in the sands of these nations rather than be left with a huge burden of running an oil business without oil.

Furthermore, we can truly say that these events will continue to shape the future of our world and our children. With the stability and security of the region now dependent on something we used to take for granted, sands . . . .

I can’t believe the fate of the world economy now lies in oil sands . . . . .