World at the brink of crisis - I

I recently came across a great video on environmental crisis that’s staring us all at the start of new century (visit www.storyofstuff.com). Our uncontrolled plundering of finite and non-repleneshable natural resources has created a multitude of crisis for mankind (and in turn opportunities!) Fuel crisis (fast depleting sources, demand at the highest level ever and the result is crude at $135 per barrel & growing), water crisis (70% of earth is water and there is crisis of drinking water in half of the world), food crisis (food prices are up 40% in last one year across the world, so much as to attract attention of war addicted US president.) All these are man made problems & we collectively have to find solutions for them. In next few posts, I will try to deconstruct some of these problems (or scratch the surface, to be precise.)

I was reading ‘Straight from the Gut’ by Jack Welch recently and in one of the chapters he talks about how GE in late 70’s was trying to come up with strategies to counter crude price rise to $30 a barrel! Feels like a dream, isn’t it? The great economies of the world have been built on uncontrolled plundering this precious non- repleneshable natural resource. Any forever sustainable growth cannot be dependent on a depleting resource and we have to find alternative energy sources that are viable, cost effective and longer lasting than oil. The world politics has been greatly influenced by control over this growth driver but those days of chasing oil may be over sooner than we think as there will be no oil left to chase. And we have to speed up our efforts to tame other sources of energy that are as or more efficient and mobile than oil. But this time it may not be a war for domination but for survival in which everyone has equal stake and may benefit equally if such source is globally available (solar energy, for example.)

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