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Main » 2015 » September » 17 » Analysis: The oil boom ended early risks
Analysis: The oil boom ended early risks

It is believed that the world's proven oil reserves and will not be drawn to the surface. And the reason for it will be, for example, country or embargo growing interest in alternative energy sources .- Materials AMarkets.




OPEC members are concentrated in the Middle East. 66% of OPEC oil reserves are in this region. Total proven reserves are about 1 trillion barrels.

How, in general, things are going in the global oil market? As of 2013, the largest reserves of Venezuela, Saudi Arabia, Canada and Iran - the country is concentrated 60% of the world's proven oil reserves. In recent years there has been a trend: the country, particularly in Europe, strongly diversifying its energy needs from different sources through the use of new technologies. Among these countries - the largest consumers of oil. Probably, the oil industry may happen the same thing is happening with coal. For example not far to seek. In 2009, 523 coal production catered to the needs of the United States. At the moment more than 200 enterprises have already closed. And this process continues to gain momentum. To replace dirty coal industry comes to natural gas, whose emissions by half the volume. Since solar energy is the same story. The price of solar energy has dropped to $ 7 per watt for 2 decades. By 2030, 1 Watt may be worth less than 50 cents - as predicted analysts. By 2030, gain momentum, among other things, production, creating energy from wind.

Thus, it is believed that by the end of 2035 the oil will not interesting. Council of oil-producing countries - to diversify their business and find new ways to earn money.

But as long as oil is still relevant. And, of course, until 2035 and still need to survive.

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