Vegetable Oil Economy - Future of Energy For World Economy

Future of Energy For World Economy

There is a limited amount of fossil fuel inside the Earth. Since the current world energy resources and consumption is mainly fossil fuels, we are very dependent on them for both transportation and electric power generation. The Hubbert peak theory predicts that oil depletion will result in oil production dropping off in the not too distant future. As time goes on our economy will have to transition to some alternative fuels. Fossil fuels have solved two problems which could be separately solved in the future: the problem of a source of primary energy and of energy storage. Along with straight vegetable oil and biodiesel, some energy technologies that could play an important part in the future include:

  • hydrogen economy
  • methanol fuel
  • ethanol fuel
  • lithium economy
  • zinc-air battery
  • liquid nitrogen economy
  • synthetic fuel
  • solar energy / photovoltaics
  • nuclear power (fission power)
  • fusion power
  • wind power
  • compressed air energy storage
  • flywheel energy storage
  • biofuel

Read more about this topic:  Vegetable Oil Economy

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