The economy of Middle East is practically synonymous with crude oil for the average Western observer, but what most people aren’t aware of is the Middle East hasn’t been doing so well out of its crude oil reserves in recent years. So much so, that it may be the first time in history that we can justifiably declare an imminent state of Peak Oil in these regions. It is an understandably bold statement, and one that will come as a surprise to many… especially those who have been blindsided by the more general, global statistics. Besides a slight dip over … Continue reading →
Ever since crude oil production started in the 19th century, gas flaring and venting were born with it. Companies and even some governments found associated gas a nuisance that had to be flared and vented if continued and increasing crude oil production was to be achieved. But the value of gas as a source of energy and its environmental benefits were gradually realised and some governments introduced regulations to limit gas flaring to the minimum. However, the problem is still with us and the World Bank estimates that in 2017 gas flaring was at a level of around 140 billion … Continue reading →
Fossil fuels have a wide range of applications including generation of electricity, transport fuels, making products like plastics, cosmetics, and even certain medicines. But why scientists and environmentalist are fighting to end the use of fossil fuels and promoting solar and wind energy instead? The damage that fossil fuel cause to the environment is affecting the entire ecosystem. The impact is disastrous and haunting for the health of our planet. These damages are in some cases easy to see and evaluate such as pollution and land degradation. However, the damage can take various forms and be hidden and difficult to measure such … Continue reading →
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