Events in the Middle East and the attendant increase in the global price of crude oil have combined to make Western governments very worried. And if they aren’t, they should be.
You may not remember the 1973 oil crisis which followed the Yom Kippur war, but the price of crude oil quadrupled in the space of a few months. This was partly responsible for the 1973-1974 stock market crash - causing the largest upset in global economics since the Great Depression which began in 1929 and lasted more than ten years.
Oil Prices Are Increasing Strongly
Oil prices, even more than property prices, are a direct result of supply and demand. With the current unrest in the Middle East there is likely to be reduced supply , not just now but well into the future. Combine that with the constantly increasing demand fuelled by Chinese economic expansion and a burgeoning world population and you get strong upward pressure on the price of oil.
So, point number one, the price of oil will always go up faster than your income. It may fluctuate from time to time but the trend will always be upward. Are you worried yet?
The Oil Is Running Out
Well … it gets worse. Here’s point number two. The oil is running out; we are using more oil than we are finding.
The chairman of BP, Peter Sutherland, has been quoted as saying there is only 42 years’ crude oil supply left, based on current usage volumes - we have already entered the depletion phase and are on a downhill slope of terminal decline. But usage is going up, so the estimate of 42 years may well be an overstatement: it could be less than 40.
The Terrifying Consequences
Let’s just, for a moment, consider the consequences. If all the oil is used up; if there is no more oil; what difference will that make?
- For a start there will be no transport – cars, lorries and buses mostly run on petrol or diesel, both of which come from crude oil.
- There will be no new buildings - the motorised vehicles used in the construction industry (cranes, diggers, earth-movers and tractors) all run on diesel.
- There will be no mass-produced food - farmers’ tractors and harvesters mostly run on diesel, so if there’s no oil then there will be no food. Even if you harvest the food by hand, there will still be no lorries to collect it and take it to market.
- There will be fewer trains - many of them run on diesel, apart from those that are electrically powered. And where does the electricity come from? You’re right … a lot of it comes from oil- burning power stations.
- There are plenty of sane, intelligent people who believe that the spectre of oil reserves running out poses a greater threat to mankind than global warming. So by now you should be very worried indeed. Am I being alarmist? You decide – on the evidence.
Climate Change
Let me hit you with point number three - climate change. Is our planet getting a little bit or a lot warmer? Are we wrecking the delicate eco-structure with our carbon emissions? Is the burning of fossil fuels destroying our environment? Arguments on both sides are logical and passionate and there is no definitive proof either way. But the possibility is worrying.
So, we are possibly wrecking our planet by burning oil which is escalating in price and running out fast. But is there a solution?
The Perfect Solution – Green Oil
The perfect replacement for fossil fuels, particularly crude oil, is already available. It can power diesel transport and it can be burned to generate electricity. Everything that crude oil does, Green Oil does it cleaner, cheaper and renewably. While the cleanliness and cheapness are highly desirable, the renewability is the trump card.
Green oil is produced from plants and trees (such as Millettia) by crushing the fruit to extract the oil. Generally speaking the oil can be burned immediately, with no further processing, to generate electricity which is then either consumed locally or fed into a national grid. In its raw state it is also suitable for powering agricultural machinery and requires very little processing to drive diesel- engined lorries, cars and trains. It can be blended with petro-diesel to improve diesel’s cleanliness and make it last longer.
When you burn fossil fuels, it can take a million years to make any more. With green oil, the replacement fruit grows in weeks.
Australia – Politically Stable And They Speak English!
Unfortunately green oil trees will not grow reliably in the UK - our climate is too cold – but they are already established in a number of countries, most notably Australia. As a politically stable country where English is the first language and the culture decidedly Western, it is the ideal place to be growing oil. In the early stages the green oil will be used locally, both for transport and electricity generation, removing the need to import expensive fossil fuel from overseas. This in itself has a beneficial effect on the country’s foreign currency reserves. As production is stepped up by planting further farms then export becomes a distinct possibility.
Australia is a very large country with extensive land tracts suitable for growing Millettia, the Ideas Factory’s recommended green oil tree. It may not single-handedly save the planet, but it will make a massive contribution.
Green Oil Q&A
Q: Why did you choose Australia to host this project?
A: We considered many aspects before choosing a country to host the Millettia projects. The first reason is political stability. From our research, this issue stands at the top of investors’ concerns list. Since we are offering a tree and land lease, we could not in any way risk the possibility of leasing the land from an unstable government and then have this taken away from us should the next political leader decides he wants to own your plantation. We are able to safeguard you by purchasing the freehold land title in Australia from which we can grant you a lease. The second reason is the area.
Queensland offers the ideal climate in which to grow Millettia trees, together with a good level of rain fall. We also have land with guaranteed water supply. The third reason is the significant demand for energy in the area. For those wishing to take advantage of the Millettia trees, the Green Oil to be produced can be used to create electricity, which can be sold to the grid locally. This green oil production will not resolve the energy crises but will help reduce it. We have full support from the local Mayor who is very excited with our project and the prospects for the area. These plantations can also create many jobs in the local community.
As well as the oil, the trees can produce animal feed and fertilizer that can be sold to local farmers. The honey can be sold locally or exported. The fourth reason is the economical stability and strength of Australia. Australia is the 14th strongest world economy with the 7th largest GDP growth in the world; ahead of the UK and the USA. With such a strong and stable currency, we feel you will further benefit from investing in Australia.
Q: Why did you choose Millettia Green Oil for these projects?
A: You will find that Millettia (previously known as Pongamia) may not be as well known as Jatropha or Palm. It has been growing in India and Australia for over 1,000 years and people have been using its oil as fuel and energy. It is also a native plant of Australia and thrives in areas of poor soil. Millettia is a perfect tree to produce high levels of Green Oil:
- It produces nearly double the yields of Jatropha and Palm l It is a non-food, non-toxic plant
- It produces high quality animal feed and fertilizer
- Crops can be mechanized, which makes it commercially viable
- Roots grow up to 10-metres deep in its first three years, which means it doesn’t need irrigation from the third year
- It is resilient in the event of droughts.
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