Despite the efforts of environmental lobbies to encourage alternative energy sources and punitive government taxes imposed on petrol, motorists and industrial users have not been weaned from the black liquid gold, nor, on current predictions, are likely to be.
Politicians get very excited about alternative fuels.
The oil habit will be less easy to kick as fields from the Middle East, Siberia and South America continue to defy earlier predictions that global oil reserves would be running dangerously low by the early 21st century. Two economic boom in the Western world into tailspin. Forecasts of world oil demand continue to highlight the growing thirst for oil in the years to come. And it is likely to be the oil-resource rich states of the Middle East, which already sit on approximately 70 percent of the world's reserves, that will again take center stage in being the guarantor of most of the world's oil. There is no shortage in supplying the slowly growing future global energy market demand with oil and gas.