The End To Oil Age?
By Ignatius Stephen
Bandar Seri Begawan - This man was
talking. You couldn't help overhearing. He was one of a group of
seven including a couple of women at the next table.
"Remember, the Stone Age didn't end
because they ran out of stones," the man who seemed a professional
of some sort was saying, quoting the legendary Saudi oil minister
Sheik Ahmad Zaki Yamani as petroleum prices hit the sky in the 1970s
oil shock era.
"The Stone Age ended because people
invented alternatives. Similarly the oil age is also not going to
end because we ran out of oil. It will end because people invent
alternatives and therefore the oil price would tumble beyond
repair," he added.
Then what would happen to oil
dependent countries like Brunei?" a young lady beside him asked in
alarm.
"Well, it is obvious," declared the
man. "No money, no honey," he quipped.
"But I do not think that could be
true in our lifetime. It is going to be almost impossible to replace
oil," the man next to her protested. He was short and stubby. He had
a drooping moustache.
Everyone glanced at the first speaker
for a response. The man gazed slowly around and said, "Look around
you. It will happen sooner than you think.
"Believe me, our oil wealth is a
passing thing. We could be in for hard times soon. Some mad
scientist working feverishly in some corner of the globe could come
up with a pill that could turn water into oil."
At that point a lean, well dressed
man with a mischievous smile joked, "Don't worry he most likely
would not be an American. Being a foreigner President Bush will
promptly declare him a terrorist and send him off to Guantanabay in
Cuba."
They laughed. But soon came back to
the serious question. Brunei's oil that keeps the country going
could, one day, be worth nothing. That was a horrifying thought.
Yet another lady sitting at the far
end was not convinced. "An alternate fuel source to challenge oil
this day and age? What nonsense!" She cast a disdainful glance at
the speaker.
The man looked around. He seemed to
have all the facts at his fingertips. He had an air of confidence
about him. "Look at Brazil. That country has successfully broken the
seemingly impossible fossil fuel barrier. It has burst into the
biofuel era as no other country has," he told his friends.
"It is a writing on the wall for many
oil dependent countries," added he.
"How did Brazil do it?
"Since the 1970s oil shocks Brazil
through trial and error has replaced about 40 per cent of its
gasoline consumption with sugar cane ethanol," the man said quoting
Thomas L. Friedman, the noted New York Times columnist in a recent
article.
"Brazilians offer both petrol and
ethanol at its 34,000 gas stations and the result has been dramatic.
No country has done more to pioneer ethanol than Brazil."
Yet there are further reasons why
Brunei should not rest on its oil gotten laurels. The march of
progress is against that.
"Throughout history, shortages of
vital resources have driven innovation, and energy has often starred
in these technological dramas," writes Professor Stephen L Saas at
Cornell University.
Wood shortages as a heating and
energy resource drove the use of coal. And as the deep coal shafts
became flooded the steam engine was created to pump the water out.
The steam engine in turn became the new primary new source of power
for the Industrial Revolution in the West.
Now not to say corn and sugar cane
are targeted as the new energy source, even the humble grass could
become a big player. In California, a plant genetics company is at
work in turning grass, into an energy crop.
"You could turn Oklahoma into an OPEC
member by converting all its farmland to switch grass," Richard
Hamilton a company official was quoted as saying.
Therein is the sense of urgency in
the search of alternate energy source.
If we in Brunei think that the sun is
going to shine forever, how mistaken we are. We should match that
sense of urgency.
With these facts we must redouble our
efforts to find alternate wealth source. That effort should equal
the intensity with which the world around us has embarked on its
search to replace oil.
If we fail to do that we are doomed.
There is no room for foot dragging or complacency.
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