Tuesday, May 12, 2015

How Do You Stop Modern Civilization from Collapsing?

We know that oil is one of the most essential elements of life today. The global economy has been developing and expanding with oil as its life source for more than a century already. It has assumed a notable function in the modern world that according to studies oil accounts for approximately 40% of the world’s primary energy source, and fuels close to 100% of all means of transportation, which in turn accounts for about 20% of the global GDP. With such an enormous role in the lives of humans, if oil stopped flowing today, the modern civilization would collapse.

The extent of oil’s influence in our daily lives makes it almost impossible to find a suitable substitute should the world’s supply of oil dwindle. Experts say that until today no viable alternative to oil has been developed, and there is no clear indication that this generation will ever get to see one. Renewable energy sources are possible candidates but, despite their exponential growth, there still remains a vast ground to cover before they can match the size and range of application of oil. For reference, let us take a look at this comparison: World oil production in 2014 was almost 80 million barrels per day, which, at approximately six gigajoules per barrel, equates to 5.7 terawatts of power production. On the other hand, according to the Global Wind Energy Council, the total cumulative wind installation as of 2014 stand at about 369,553 megawatts. Solar power installed capacity, as cited by European Photovoltaic Industry Association, was at 136,697 megawatts. The discrepancy between the power produced by oil and that of renewable energy sources is notably wide that experts say that even if renewable power generation exponentially increased every decade for 100 years, it would still be trailing oil today.

With the survival of the modern world at stake, oil & gas facilities cannot afford to shut down, even momentarily. There are cases, however, when such occurrences cannot be avoided, and the need to refurbish, retool, expand or construct plants proves to be equally vital. When moments like these come, oil & gas facility operators can find merit in hiring the services of temporary power providers, which can deliver the necessary power when the permanent sources are still undergoing enhancements.

Rental power plants find application in various activities within the oil & gas industry. They can be utilized by companies specializing in oil & gas drilling services, or by those that deal with oil & gas exploration and production. They can also be useful to energy equipment service providers, and rig manufacturing and maintenance companies. Mobile power stations have the flexibility to adapt to the demands of different oil and gas operations by increasing or decreasing their power generating capacity. They represent a cost-effective response to increased seasonal demands and power requirements, as they entail a significantly lower investment, especially for short- and medium-term use, compared to the cost of interrupted production and abandoned business opportunities. They can be delivered to and from virtually anywhere in the world, owing to their size and configuration, and can easily be powered on, thanks to its plug-and-play set up. Vis-à-vis building permanent power facilities, hiring the services of rental power companies protect a company’s cash flow and curtails avoidable spending commitments.

Powering the development of the modern world

Oil has been the world’s foremost energy source for myriad decades now, and experts agree that it will maintain such a role well into the 21st century. It has been highly instrumental in the immense economic, social and industrial advances of the modern world. Currently, oil accounts for around 40% of the world’s energy mix, and its applications are ever growing as the latest innovations in the industry have made oil cleaner, safer and more efficient than ever. There is no doubt that oil will continue to be the world’s primary driver for growth, hence keeping its sources pumping and producing has grown ever more crucial. In this light, having back-up, supplemental or emergency energy sources, like temporary power plants, will be indispensable.  

The world recognizes that oil is a finite resource, and that living life without it can be a closer reality than most of us think. But, until such time that humanity develops a source of energy that can fully take the place of oil, it will remain the chief fuel of global development, and should consistently be viable and available.


Robert Bagatsing
Altaaqa Global
Tel: +971 56 1749505

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