Tag Archives: Energy Sector in Middle East

Energy Answers for the Middle East

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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 →

Energy Outlook for the Middle East

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There are several problems confronting the world with respect to its fossil fuels-based energy supply. The first problem relates to the ever-increasing use of fast-depleting conventional sources of energy, like petroleum, coal and natural gas. The contribution of fossil fuels in global energy supplies is above 80 percent. Energy demand will certainly increase manifolds during this century due to industrial and developmental activities as burgeoning world population. Global Trends in Energy Sector The concentration of greenhouse gases (GHGs) in the atmosphere is rising rapidly with use of fossil fuels leading to increasing emission of carbon dioxide which is having a … Continue reading →