Fossil Fuels Will Continue To Dominate For Decades To Come ...Middle East

OILPRICE - Economy

The stone age didn’t end due to a lack of stones, and the oil age will end long before the “world runs out of oil”. This quote, often attributed to Saudi Oil Minister Shiekh Yamani, highlights a vital and frequently misunderstood fact about the oil industry. Oil supplies are not going to run out, but oil will eventually be replaced by cheaper, cleaner, and more efficient energy sources. This misunderstanding has led many analysts to predict the death of the oil industry. The Paris Agreement has set a global goal to control climate…

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Last updated : 19 March 2021 clock 02:31 AM

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Fossil Fuels Will Continue To Dominate For Decades To Come ...Middle East

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