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II.3 Otto Velarde
II.3 Otto Velarde
Comment:
It is true that the world economic development from 1970 to the present day is mainly
thanks to the use of oil, not necessarily cheap, but it has become a very accessible
product in terms of its offer, high energy efficiency, especially available globally, what
it means is that its distribution and logistics is worldwide; Transportation and electricity
generation have been the major sectors where it generated demand to the point of
According to the researchers of the publication, we are rapidly approaching the point
where the depletion of oil fields, however, the demand has not changed, rather it
increases with each new decade, and with population growth and the improvement of
the style of life in the cities.
I strongly agree with this, economic prosperity in the 21st century calls for ensuring
enough new energy sources to be developed. However, it is in the first place,
technological development that makes it possible to replace gray technologies, resulting
in a permanent withdrawal of dependence on fuel. Oil shortages will always make the
resource more expensive in a supply and demand curve, as long as its demand exists,
new oil fields will be discovered.
https://www.intechopen.com/chapters/41889
According to the article, the potential of the abiogenic theory of oil formation is
underestimated, some research shows that oil is a thermodynamic understanding of
hydrocarbon formation. Now emotionally charged and controversial, the debate will
supposedly develop a balanced and realistic scenario on the gradual oil transition and a
secure global energy supply.
It is mentioned that some geologists postulate that the facts that contradict the biotic
concept are the existence of liquid and / or gaseous hydrocarbons in hydrothermal vents