GLOBAL ENERGY SCENARIO

• At present rate, world oil supply expected to run out in 60 years
• 40 years at the projected increase of just 2% per annum by developing economies
• This is just one generation away, after which oil shale and other sources will prove economically disastrous
• Inevitable effect: more price rises in the cost of oil than what has been seen since the low level of 1998
• The equation:

           Lack of oil = lack of transport = substantially reduced economic activity

• The damaging economic, sociological and political implications of inevitable future developments are deserving of considerably more thought within both business and government circles.

* Source: Report by: Syed Tahawar Hussain Director (Imp) NATIONAL BIODIESEL PROGRAMME Alternative Energy Development Board Government of Pakistan