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Fuel and energy are the key drivers behind our lifestyle. We need energy to carry out almost any type of work for our living. In this era of rapid industrialisation, led by globalisation forces, the world is indeed going through many changes and advancements…
Cutting trees, air pollution, water pollution etc. are some of the after-effects that tend to destroy the delicate balance of the nature.
Traditionally we've been using oil and gas for all of our energy requirements. But over the years, with growing realisation of threat to environment and fast depleting natural resources, governments around the world have started making efforts to see that how best we can adjust our lifestyle in such a manner that the future generations do not face acute shortage of energy and a healthy living environment. It is no secret that our energy needs are growing day by day, but at the same time, the supplies of oil and gas are shrinking. It is said that each drop of oil which we use in seconds takes millions of years to develop through the natural process (Smale, 2004). Therefore, it is certain that a day will come when the oil sources around the world will dry up. The North Sea production has certainly led to the transformation of UK oil industry, but at the same time industry analysts have expressed their views from time to time that the production has peaked and we must prepare for a life after oil (Murray, 2004). Though due to the recessionary trends the crude oil prices have come down, but the manner in which these prices were on their way up till sometime back, were a serious cause of worry for the government. ...
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