Oil is pretty much an intrinsic part of everyday life for people around the world because it provides transport, be it via air, sea or land.

Recently however Electricity is becoming the forefront of the energy hungry generation.  Cars which can top 180 miles per hour and travel 250 miles on one charge, which will cost around 5% of the distance in Oil, planes that run solely on electricity and even boats which are beginning to use wind turbines and solar panels.

All in all the question is not about the future of oil, but more about what the upcoming electricity generation technique will be.

For most people the answer is simply 'Nuclear' cheap safe and reliable there is infact very little wrong with this kind of power generation

A lot of people have raised an outcry at this, and instead demanded Green solutions, like wind or tidal generators.  The sad fact with these however is that these methods of power generation are prohibitavely expensive, and if UK government plans follow through the average UK consumer will be looking at a further tripling of their energy bill.

Other alternatives to fuel, such as Ethanol, have been found.  Ethanol however is hard to transport, it needs to be moved by truck or by sea (Pipelines corode too quickly from ethanol).

Ethanol Fuel has been given further bad press recently after it caused food prices in several countries to skyrocket as people turned away from growing crops for food and instead grew ethanol fuel crops.  This caused rioting in over a dozen countries as deaths from starvation increased dramatically.  Indeed food prices in the UK have risen by almost 50% as base crops become more and more scarce.

All in all I think we will have oil for some time yet, until we see more research put into electric cars, but with the first electric saloon already on sale for less than £40,000 and the first electricity driven passenger aircraft under production I think it wont be too long till we see real progress in cheaper and more efficient fuel from electricity.

Plenty of news pundits have been reporting regularly on the situations regarding fuel, oil and the ethanol fiasco! 

This post on Ethanol Power was written by ClearView Writing Freelance Solutions.