UAE | Environment
Oil remains top source of energy
Abu Dhabi : Oil will continue to be the prime source of energy for another century, experts said. And with the Middle East holding 80 per cent of global oil reserves, the region will continue to exert major influence as the world scrambles to meet growing energy demands.
The consensus was clear among speakers at this week's Energy Security in the Gulf conference hosted by the Emirates Centre for Strategic Studies and Research.
Jose Maria Botelho de Vascon-celos, President of the Organisation of Petroleum Exporting Countries (Opec), said contrary to views that carbon fuels may give way to greener technologies, more oil will be needed to meet world demand in future. Opec can see global oil production rising by 20 million barrels per day from 85.6 mb/d in 2008 to 105.6 mb/d in 2030, de Vasconcelos said, adding that "energy security must be universal".
Rich reserves
Dr Hesham Khatib, Honorary Vice-Chairman, World Energy Council, said: "Oil will be the main source and the first fuel until the end of the century." He said there are still rich reserve oil deposits that will supply the world's energy sector for decades. Eighty per cent of world energy demands are now being met by oil.
Dr Mohammad Al Sahlawi, Professor of Energy Economics at King Fahd University in Saudi Arabia, said Middle East oil reserves will keep the world's lights on for decades. "The expiration of this reserve is about 80 years."
Share this article
More from UAE Environment
More from UAE
Popular in UAE

-
Gallery
Your Pictures
XPRESS brings you a selection of the best reader pictures

-
Money
Managing with less
How to manage with less than Dh3,000 to spend every month

-
Your Say
Fun encounters
What was the craziest way in which you made a friend?
Latest news
- Dubai Municipality declares car-free day
- UAE issues booklet on workers' rights
- Dubai's Arabic-speaking robot takes a flight to Riyadh
- RAK bans shisha smoking on Corniches
- School pupils raise funds for Haiti
- No individual meals at public kitchens
- Trio to be charged with breach of trust
- Man smoked hashish in police station parking lot
- Mohammad visits Dubai laboratory
- Sayegh, Al Sarsi sworn in as judges
- UAE youth join trip to spread peace
- Man denies stripping, threatening to kill woman
- Sharia Court to issue ID cards as proof of marriage
- Burj Khalifa observation deck incident 'minor'
- Dubai Health Authority finds hospital 'negligent'
Community Reports
-
School pupils raise funds for Haiti
To end the fundraising week, an event was hosted on January 28 at the school's campus in Dubai Festival City
-
Huge holes in conservation effort
One feels silly switching off lights in a room when leaving it as rampant wastage of energy takes place in shops across Dubai
-
Messages on wall reflect state of mind
Home is a child's first school and a mother is the first teacher
-
Cats move in on Abu Dhabi beach
A dedicated shelter would provide the felines gathering around the lighthouse and Corniche a place to call home


