oil apocalypse 30 years from now, which is completely out of line

In 1968, European intellectuals and scientists gathered in Rome, Italy, to create the Roman Club, a kind of academic organization

It’s

All

And in 1972, the Roman club published a report called “The Limits to Growth,” which said, “From 2002, the amount of oil drilling on Earth will continue to decrease, not increase.”

In short, it was a terrifying warning that in 30 years time, the entire planet would run out of oil and humans would no longer be able to live on it

The Roman Club’s “Limits of Growth” has brought tremendous shock and fear to the world

So in the 1970s, oil prices soared 10 times from $3 per barrel in 1973 to $30 in 1979

In 1970, two years before the release of “The Limits to Growth,” President Jimmy Carter as well as the Roman Club said pessimistically, “By the end of the 1980s, there is a possibility that all the oil buried on Earth will be consumed and lost

For this reason, popular works of art such as “Mad Max,” which contain the grim message that “the future world will be worse than it is now, as all the oil on Earth will be depleted, eliminated, and human civilization will regress, not development.” became very popular in the 1980s

But did the Roman club’s prediction fit in 2022 50 years after the announcement of the Roman club

In conclusion, you’re completely wrong

First of all, contrary to the Roman Club’s prediction that oil will run out in 2002, oil drilling is increasing all over the world

According to a 2014 report by the British state-run oil company BP, the amount of oil buried on Earth alone was 1.7 trillion barrels

The figure nearly tripled from the U.S. Energy Information Administration’s 1980 release of 643.3 billion barrels of global oil reserves

Why is the Roman Club’s prediction that oil will run out so wrong, because it ignores one important factor: the development of science and technology

In fact, in the 2000s, the technology for extracting oil was getting more and more advanced, so you can extract oil from the underground blood and sand, like shale oil and sand oil, which you couldn’t touch until the 1970s

Therefore, new oil reserves that have not been identified before are still being discovered around the world, and as a representative example, in Australia in 2013, a huge amount of oil was found

Korea alone has seven mines in the South Sea and Japan has oil fields on the seabed near the Pacific Ocean, and the amount of oil that can be extracted from these oil fields is enormous enough for the world to use for at least 50 years

In addition, global warming has caused permafrost in Siberia and the Arctic to melt, creating a boom in the development of new oil and natural gas reserves

That’s not to say that humans have reduced the use of oil

Despite the high economic growth of emerging industrial countries such as China and India in the 1970s, new oil reserves have been discovered, and there is no problem with the supply of oil for at least 50 years than 2023

In the end, the 2002 oil depletion, which was warned in the Roman Club’s “Limits to Growth,” became as far-fetched as Nostradamus’ claim that the end of the Earth was coming in 1999