2050 – Towards Energy Shortage and Global Poverty

The rosy festival of continuous prosperity growth has recently been challenged by the theory of “Peak Oil”, which concludes that the amount fossil energy (oil, gas and coal) being extracted from the earth will shortly start an irreversible decline.  We will be increasingly dependent on other energy sources to power our civilization, if not to say our long-term survival.

Assessment of the global energy resources, consumption and trends in global energy-mix with consideration to increasing global population shows that energy per capita will decrease. This will have negative impacts on GDP “Gross Domestic Product” and probable escalation in the costs of raw material, e.g. fertilizer and the diesel fuel or electricity for water pumps that are essential for agriculture and production of food. We will be, therefor, moving fast not only towards energy poverty but also towards global economic recession, pushing many countries and population towards increasing poverty, e.g. shortage of water, food and housing.


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