Globally the current oil consumption stood at 89 million barrel per day....this is an increase of 1.8 million barrel from a year before. The figure is expected to move on upward trend for years to come. Do we still have enough oil reserve to meet this demand? maybe not here in Malaysia which probably can survive for another 15 years, but most reserve will be centralized in middle east country.
Maybe new technology will emerge and invented to explore more oil...like last time when we thought our oil reserve is finishing, deep water technology came into the picture which able to explore oil in deeper water which prove that we still have substantial reserve in deep water. we will see if not we need to develop alternative energy fast.
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