The Stone Age did not end because there was no longer any stone, and the Oil Age will end before the world runs out of oil.
The words were first uttered by Sheikh Ahmed Yamani, Saudi Arabia's Oil Minister for more than a quarter of a century, most notably in the 1970s when Middle Eastern states first began to demand a realistic price for the valuable commodity they were sitting on. 40 years later, they seem more prophetic than ever.
Every OEM now acknowledges that, even if forecasts that known and exploitable oil and natural gas stocks will be exhausted in
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?