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As India¶s oil consumption is increasing,
world oil supply will soon stabilize and then
start dwindling while oil prices are bound to
rise further
For economic as well as environmental
reasons we need to shift to alternative non-
polluting sources of energy.
The aim of this presentation is to raise
questions and provoke discussion regarding
the future of India¶s energy policy and to
consider various possible solutions
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O OO
Our civilization has evolved based on an
abundant supply of cheap oil
The transportation industry and agricultural
fertilizers heavily depend on oil
The current world oil production and
consumption rates are almost equal
O
ASPO (Association for the Study of Peak Oil and Gas) predicts
world oil production will peak around 2007, as shown above.
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The world market can be said to depend on OPEC almost
entirely since it has 77% of the current world oil
The day-to-day market prices of oil reflect many factors like the
current stocks, shipments, economic situation, speculative
investment, etc. and not so much the size of reserves of oil
We have now reached a stage in the exploitation of the earth
where trying harder to produce more oil can have only limited
results
Oil consumption on a short-term basis does not depend on the
price of oil, as is the case for other goods. There is a large time
lag before consumers shift to alternatives or reduce demand
In fact, some experts believe that a rise in oil prices
demand on a short term basis. E.g Oil and natural gas demand
growth rates in China have been in the range of 7-1r% per year
since 1999, despite the tripling of oil prices since then
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The major oil fields in the world have already been
discovered ± the largest fields are always found first
Except for some parts of the China Sea and of the
western desert in Iraq, major regions in the world
have been fully explored.
Advances in geological technology allow us to predict
promising areas for oil ± we now know reasonably well
where new oil will be found
Oil in the Caspian Sea has high sulfur content which
corrodes the pipes and is expensive to extract and
refine. Caspian Sea oil is not likely to become a
significant factor in the world oil scenario.
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The best known extraction techniques are already in use in
many of the giant fields in the Middle East
Increase in the fraction of Oil-in-Place which is actually
recovered will require diligent field management,
technical knowhow, motivation and discipline, as well as
capital investment, which may not always be feasible
Oil which can be recovered using these techniques could
give us only a breathing break, e.g. advanced recovery
from § fields could amount to ! MMM bbl more
(Narayanan, 1999). At current Indian consumption rates,
this would give us about ! years more supply, though at
world consumption rates, this will last for less than 2
months
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Fossil fuels are non-renewable resources
because they take millions of years to form, and
reserves are being depleted much faster than
new ones are being made.
i
Tidal barrages make use of the potential energy
in the difference in height (or head) between high and low
tides. Barrages are essentially dams across the full width of
a tidal estuary, and suffer from very high civil infrastructure
costs, a worldwide shortage of viable sites and
environmental issues.
Dynamic tidal power (or DTP) is
a theoretical generation technology that would
exploit an interaction between potential and
kinetic energies in tidal flows.
Matter %
Nitrogen, N2 0±10
Hydrogen, H2 0±1
Oxygen, O2 0±2
Praveen Krishnan- M.tech