Fuelling the Future
In January 1999, the world witnessed the end of a century of cheap oil. It then cost less than $20 per barrel. Few predicted it would reach the $100+ levels of today. Some are predicting $500 oil by 2020. This would be devastating for Mauritius, not only for tourism but for most of our industries and our quality of life. Well before this level is reached, it will be cost effective to convert coal into oil, as South Africa has done for decades, causing coal prices to increase too. Is it possible to avoid catastrophe and reduce our dependence on fossil fuels?